The average pump price of diesel fuel jumped 5.5 cents to $3.094 a gallon — the highest since the all-time record set in the same week two years ago, the Department of Energy said Monday.
October 23, 2007Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Kuehne & Nagel Profit Rises 34%
Kuehne & Nagel International AG, the world’s largest ocean freight forwarder, said Monday its third-quarter profit rose 34%, helped by increased air and ocean shipments, Bloomberg reported.
October 22, 2007FedEx Adding Hybrids in Europe
FedEx Express said Monday it will introduce 10 hybrid electric-diesel vehicles to its European fleet.
October 22, 2007Crude Oil Nears $90 a Barrel; Diesel Fuel Inches Up to $3.039
The national average retail price of diesel fuel rose 0.4 cent to $3.039 a gallon last week, the Department of Energy reported, and analysts were predicting additional increases as crude oil prices neared an un-precedented $90 a barrel.
October 21, 200711th Driving Hour to Remain in HOS Rule, Graves Predicts
WASHINGTON — The Federal Motor Carrier Safety Administration is expected to issue a revised hours-of-service rule that would keep two key provisions a federal court struck down but would address the court’s concerns over those provisions, according to ATA President Bill Graves.
October 21, 2007Truck Sales Plunge 58.8% in September
Heavy-duty U.S. retail truck sales continued this year’s collapse in September, falling 58.8% as Class 8 volume totaled less than half year-earlier sales for the fifth month in a row, according to the latest survey from Ward’s Communications.
October 21, 2007Trucking Leaders Gather to Discuss Global Economy, Regulations
Against the backdrop of political and regulatory uncertainty, American Trucking Associations members will come together this week to talk primarily about the business of trucking, the state of the industry, the health of the economy and new opportunities for carriers here and abroad.
October 21, 2007Ryder Gets Boeing Transportation Contract
Ryder System said Friday that that aerospace firm Boeing Co. has chosen Ryder to provide global transportation management services.
October 19, 2007Caterpillar’s 3Q Profit Rises
Heavy equipment and diesel engine manufacturer Caterpillar Inc. said Friday its third-quarter profit jumped 21%, though it cut its full-year earnings outlook.
October 19, 2007Rush Reports 3Q Earnings Dip
Truck dealership Rush Enterprises said its third-quarter earnings dipped to $13.1 million or 34 cents a share, from $16.4 million or 43 cents for the same quarter last year.
October 19, 2007