The Department of Energy sharply boosted its projection for diesel prices, saying it will average $3.45 a gallon this year — 57 cents above last year’s average — and $3.70 in March and April.
March 11, 2008Business
UPS Says Slowdown May Crimp 1Q Earnings
UPS Inc. executives told Wall Street analysts and investors the company is poised for long-term growth, but that it may have difficulty achieving its first-quarter earnings guidance due to a slowing economy.
March 12, 2008GovernmentBusinessSafety
Senators Question DOT on Mexican Trucks Program
Senators and Bush administration officials clashed at a hearing Tuesday about the legality the Department of Transportation’s pilot program allowing Mexican trucks into the United States, the Los Angeles Times reported.
March 12, 2008BusinessSafetyGovernment
NAFTA Truck Trade Rises for 2007
Surface trade among the United States, Canada and Mexico rose 4.9% last year compared with 2006, the Department of Transportation said Tuesday.
March 11, 2008Business
Navistar Reports Fiscal 1Q Profit
Navistar International Corp. earned $234 million, or $3.27 per share, for its first fiscal quarter, compared with a loss of $65 million, or 92 cents, a year ago.
March 11, 2008BusinessSafetyGovernment
Mexican Trucks Program Showing Few Trips
A government report on the Department of Transportation’s program to allow Mexican trucks into the United States said that too few trips have been taken to be statistically valid.
March 11, 2008Business
MAN Sees Trucking Alliance With Scania, VW
German truck maker MAN AG expects a merger with Swedish truck maker Scania AB and the trucks business of German carmaker Volkswagen AG will happen after VW took control of the Swedish competitor, Bloomberg reported Tuesday.
March 11, 2008GovernmentBusinessSafetyFuelLogistics
Diesel Soars 16.1¢ to $3.819; Gasoline Sets Record $3.225
The price of retail diesel fuel jumped 16.1 cents to a third straight record, reaching a national average of $3.819 a gallon, and gasoline hit a new record, the Department of Energy said Monday.
March 11, 2008BusinessFuelSafetyGovernment
Forward Air to Buy Houston Firm
Forward Air Corp. said it will buy transportation firm Pinch Holdings and a related company, AFTCO Enterprises, for an undisclosed sum.
March 11, 2008GovernmentBusinessSafetyFuel
Con-way Reducing Its Fleet Speed to 62 MPH
Less-than-truckload company Con-way Freight said Monday it has turned back the speed governors on its 8,400-tractor fleet to run at a maximum 62 miles per hour, down from a previous 65 mph, in an effort to improve fuel conservation and reduce carbon emissions.
March 10, 2008