Diesel fuel will average $3.79 a gallon this year, the Department of Energy said, lowering its most recent forecast by 11 cents.
July 10, 2012BusinessEquipment
Cummins Raises Dividend, Lowers Full-Year Sales Forecast
Cummins Inc. said聽Tuesday it will boost its stock dividend by 25%, but cut its 2012 sales forecast, citing weaker truck orders.
July 10, 2012Business
Congestion May Add $14 Billion in Costs for Washington State鈥檚 Freight Industry
A 20% increase in traffic congestion could cause a $14 billion spike in operating costs to the state鈥檚 freight-dependent industries, the Washington State Department of Transportation said in a new report.
July 10, 2012BusinessFuel
Diesel Rises 3.5垄 to $3.683 in First Increase in Three Months; Gas Gains 5.5垄 to $3.411
Diesel rose for the first time in three months, rising 3.5 cents to $3.683 a gallon, while gasoline also increased, the Department of Energy said Monday.
July 10, 2012BusinessTechnology
TMCSuperTech 2012 Set for September
American Trucking Associations鈥 Technology & Maintenance Council will hold its 2012 Fall Meeting and National Technician Skills Competition Sept. 10-13 in Pittsburgh.
July 10, 2012Business
Mexico Returns PRI to Presidency
Enrique Pe帽a Nieto won Mexico鈥檚 presidential election on July 1, returning the once-dominant Institutional Revolutionary Party to power following a 12-year hiatus.
July 10, 2012Business
ATA Report Sees Trucking Growing Through 2023
Following a drop during the recession and a mild economic recovery, the U.S. freight economy 鈥 particularly trucking 鈥 is projected to grow significantly through 2023, according to American Trucking Associations.
July 9, 2012BusinessTechnology
Xata Cuts Jobs, Focuses on Mobile Platform
Transportation software provider Xata Corp recently cut 29 jobs in a step to 鈥渂etter align鈥 its workforce with its mobile-based strategy, the company said in a U.S. Securities and Exchange Commission filing.
July 9, 2012BusinessTechnology
TMW Software Suite Integrated Into Rand McNally Mobile Gear
Rand McNally announced on June 26 that its mobile communications devices are now integrated with two applications from TMW Systems Inc., a provider of software to transportation and logistics companies.
July 9, 2012Business
IdleAir to Add Spots at 13 Centers; Open Four New Locations
IdleAir, which provides anti-idling equipment at truck stops, said it will open four new locations and in Pennsylvania and Texas and will be adding 100 new spots in 13 existing locations.
July 9, 2012