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Diesel Jumps 16.6¢ to $4.497

The average price of diesel fuel jumped another 16.6 cents to a record $4.497 a gallon, the Energy Department said Monday.

May 20, 2008

Wright Express’ CEO Appointed Chairman

Wright Express Corp. said Monday that Chief Executive Officer Michael Dubyak will assume the role of chairman.

May 19, 2008

Group Bids $12.8 Billion for Pennsylvania Turnpike Lease

A team of private interests Monday submitted the highest bid of $12.8 billion to lease the Pennsylvania Turnpike for 75 years, the Associated Press reported.

May 19, 2008

Fuel Prices Skyrocket

Retail fuel prices around the nation soared last week, setting new records for diesel and gasoline, according to the Department of Energy’s weekly survey of filling stations.

May 19, 2008

UPS Places Large Order for Alternative-Fuel Trucks

UPS Inc. last week announced a major increase in its investment in alternative-fuel vehicles, saying it has ordered 200 diesel-electric hybrid delivery vans and 300 vans powered by compressed natural gas.

May 19, 2008

Pressure on Truckload Carrier Profits to Continue

Truckload carriers should expect to face intense pricing pressure this spring after a first-quarter performance characterized by stagnant rates and deteriorating operating ratios.

May 19, 2008

Rendell Says He’s Close to Deal to Lease Pennsylvania Turnpike

With the fate of a proposal to toll Interstate 80 still up in the air, Pennsylvania Gov. Ed Rendell (D) said his administration was close to finishing a plan to privatize the 524-mile Pennsylvania Turnpike, last week taking bids from investors that could provide the state about $12 billion.

May 19, 2008

Consumer Confidence Hits 28-Year Low

U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

May 16, 2008

Housing Starts Jump 8.2% in April

New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday.

May 16, 2008

Quality Distribution Names Thomas White Chairman

Tank truck carrier Quality Distribution named Thomas White its new chairman, the company said late Thursday.

May 16, 2008