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Express-1 Reports Higher 1Q Income
Express-1 Expedited Solutions said its first-quarter profit climbed 34% to $1.1 million, or 3 cents per share, from $834,000, or 3 cents, a year ago.
May 13, 2011Trade Groups Grapple With Chassis Supply Fee Issues
Nearly two years after Maersk Line, the world’s largest ocean carrier, shook up the system for delivering freight containers from U.S. ports by requiring drayage truckers for the first time to pay rental fees for chassis, three trade groups are trying to foster an orderly transition to a new intermodal reality.
May 16, 2011White House Won’t Back VMT to Raise Road Funds, DOT Says
The Obama administration last week officially distanced itself from any talk of instituting a national tax based on the number of miles vehicles travel, saying it is not considering such a levy on American drivers.
May 16, 2011A Welcome ‘No’ to a VMT Tax
The news from the Obama White House that it has no intention of pursuing a new tax regime based on the number of miles vehicles travel is most welcome for the trucking industry.
May 16, 2011Diesel Fuel Average Price Dips 2¢ to $4.104 a Gallon After Commodity Prices ‘Crash’
The average price for a gallon of U.S. retail diesel declined last week for only the third time this year, dipping 2 cents to $4.104, the Department of Energy reported.
May 16, 2011April Truck Sales Leap 41%
Heavy-duty U.S. truck sales leaped 41.1% in April, compared with the same month in 2010, marking the 16th straight month of expansion, and outpacing the in-dustry’s 35.9% growth for the first four months of this year.
May 16, 2011Consumer Confidence Improves in May
Consumer confidence improved in May, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
May 13, 2011Business Inventories Increase 1%
Business inventories rose 1% in March, the Commerce Department said Thursday.
May 12, 2011Producer Price Index Gains 0.8% in April
Prices paid to U.S. producers rose 0.8% in April, the Labor Department said Thursday.
May 12, 2011Cummins Sees Continued Strong Engine Market
Diesel engine maker Cummins Inc. said it expects significant sales and profit growth in 2011 and in future years.
May 12, 2011