Michael G. Malloy

Business, Government

Port of Virginia Sets TEU Record in May

Luke Sharrett/Bloomberg News

The Port of Virginia said it set a record for 20-foot-equivalent unit volume in May, eclipsing the previous record that was set in March.

Michael G. Malloy | Web Editor
June 12, 2015
Business, Equipment

Cargomatic Names Sean Whiteley COO

Sean Whiteley, Chief Operating Officer, Cargomatic

Cargomatic, which makes an app for trucking that matches cargo loads to available trucks — in a similar way to the Uber app that matches riders with drivers — has hired Sean Whiteley to be its new chief operating officer.

Michael G. Malloy | Web Editor
June 12, 2015
Government

FMCSA Denies Truck Window-Tinting Application

Michael Sheehan/Flickr

The Federal Motor Carrier Safety Administration denied an exemption application from a group seeking to tint truck windows more than federal limits allow.

Michael G. Malloy | Web Editor
June 11, 2015
Business

Spot Truckload Rates Rise on Tight Capacity, DAT Reports

frankieleon/Flickr

Available spot truckload market loads jumped 36% last week while capacity increased just 5.5%, helping to push spot rates higher, DAT Solutions reported.

Michael G. Malloy | Web Editor
June 11, 2015
Business, Fuel

DOE Holds 2015 Diesel-Price Forecast at $2.88

Bobbi Vie/Flickr

The Department of Energy held its 2015 forecast for U.S. diesel prices at $2.88 a gallon but lowered its 2016 projection by 9 cents to $3.03.

Michael G. Malloy | Web Editor
June 9, 2015
Business, Fuel

Diesel National Average Drops 2.5¢ to $2.884 in Second Straight Decline

John Sommers II for TT

Diesel fuel’s national average price fell for a second consecutive week, sliding 2.5 cents to $2.884 a gallon, the Department of Energy said June 8.

Michael G. Malloy | Web Editor
June 8, 2015
Business

Trucking Adds 8,600 Jobs in May; US Payrolls Rise by 280,000

TruckPR

Trucking added 8,600 jobs in May, up substantially from April, and U.S. employers added 280,000 workers to payrolls, the Labor Department reported June 5.

Michael G. Malloy | Web Editor
June 5, 2015
Business

Volvo Sells Remaining Stake in India’s Eicher Motors

Prashanth Vishwanathan/Bloomberg News

Volvo Group said June 4 it sold its remaining holdings in the Indian automotive and truck manufacturer Eicher Motors Ltd.

Michael G. Malloy | Web Editor
June 4, 2015
Business

FedEx Retires 15 Cargo Planes, Takes $246 Million Charge

Patrick T. Fallon/Bloomberg News

FedEx Corp. said it has retired 15 aircraft and 21 engines and that it recorded a non-cash impairment charge of $246 million in May.

Michael G. Malloy | Web Editor
June 2, 2015
Business, Fuel

Diesel Price Dips a Half-Cent to $2.909 in First Decline in Seven Weeks

Diesel’s average price dipped a half-cent to $2.909 a gallon, the first downturn in seven weeks, the Department of Energy reported June 1.

Michael G. Malloy | Web Editor
June 2, 2015

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