The U.S. average retail price of diesel rose 1.6 cents to $2.507 as crude prices inched up toward $47 a barrel after Saudi Arabia said it would make additional cuts in its own production.

Commercial vehicle supplier Wabco Holdings Inc. reported second-quarter and six-months net income and revenue jumped, and posted record quarterly earnings per share.

The ports of Los Angeles and Long Beach released their proposed 2017 Clean Air Action Plan Update, which calls for zero-emissions trucks, increased use of rail for outbound cargo and support for alternative fuels.

The ports of Los Angeles and Long Beach, Calif., released their proposed 2017 Clean Air Action Plan Update as they prepare ultimately to achieve zero emissions for trucks and terminal equipment.

U.S. retail sales of Class 8 trucks in June climbed to an 11-month high amid a moderately improving economy, experts said, but at just over 17,000 were down nearly 6% year-over-year; and through the first six months of the year, sales were off 19%.

A cross section of trucking recently raised the threat level the driver shortage poses — a shortage that has grown old along with the industry, saying this time the situation is more acute than ever.

Trailer orders in June notched the seventh consecutive month of year-over-year gains, as they topped 20,000, ACT Research Co. said.

U.S. retail sales of medium-duty trucks in June jumped almost 20% year-over-year, led by strong gains among the lightest-weight segments.

The U.S. average retail price of diesel rose 0.9 cent to $2.481, while oil prices failed to reclaim ground after a sharp drop a week earlier.