Oil fell for the first time in eight days Friday to below $92 a barrel, after topping out at a nine-week high on Thursday, Bloomberg reported.
July 20, 2012Business
Growing Focus on Cab Comfort, Idling Limits Has Fleets Trying New Power Alternatives
In 2004, NFI Industries began outfitting its 900 sleepers with diesel-fired auxiliary power units to cool the cabs without running the truck engines.
July 23, 2012Business
N.Y. Truckers Rally Business Opposition to Proposed 45% Thruway Toll Increase
New York truckers have helped organize a coalition of 22 business groups to oppose the 45% increase in truck tolls proposed by the New York State Thruway Authority.
July 23, 2012BusinessFuelAutonomous
Werner, Hunt, Marten Profits Soar, But USA Truck Reports 2Q Losses
The first three trucking companies to report second-quarter earnings last week said a combination of lower fuel costs, higher rates and cost controls produced double-digit profit improvements.
July 23, 2012Business
Race for $1.4 Billion Postal Service Contract to Pit Incumbent FedEx vs. Challenger UPS
When the U.S. Postal Service鈥檚 biggest airfreight contract, worth $1.4 billion, expires in September 2013, current pact holder FedEx Corp. will have to battle archrival UPS Inc. to keep it.
July 23, 2012BusinessFuel
Diesel Prices Increase Again as Exports Reach New Record
The average retail price of diesel fuel increased for a second week, rising 1.2 cents a gallon, which oil analysts attributed to higher crude oil prices and record-breaking distillate exports from the United States.
July 23, 2012BusinessLogistics
Swift鈥檚 2Q Profit Improves
Swift Transportation鈥檚 second-quarter profit rose on improved trucking pricing and expanded intermodal operations.
July 20, 2012Business
OMB Streamlines Review Process for East Coast Port Modernization Projects
The Obama administration said it will streamline the permit and review process for five East Coast port modernization projects.
July 20, 2012Business
Heartland鈥檚 Income Drops but Revenue, Fleet Size Increase
Heartland Express said its second-quarter profit fell 19% from a year ago, but its revenue and fleet size both rose.
July 20, 2012Business
Fleets Stick to Buying Habits, But Leasing Is Gaining Favor
Truck manufacturers are not seeing significant changes in the buying habits of for-hire fleets, though there are some signs of increased interest in leasing, industry experts said.
July 20, 2012