Diesel Dips 2.7¢, Marking 28th Decline in 30 Weeks
Driven by a freight-scarce economy, abundant fuel inventories and predictions of continuing economic distress, the average price of U.S. retail diesel drifted down another 2.7 cents a gallon to $2.219 last week, its fourth straight decline and the 28th in the past 30 weeks.
February 16, 2009Navistar Urges Trucking to Back Gradual Phase-in of 2010 Regs
ARLINGTON, Va. — A top Navistar Inc. official said the company is pursuing its own solution to meet the 2010 U.S. emission standards, because it doesn’t believe the fuel savings claimed by competitors will justify the higher costs and more complicated systems associated with the new engines.
February 16, 2009YRC, Banks Close to Deal on Debt Covenant Waiver
CORAL GABLES, Fla. — YRC Worldwide Inc.’s chief financial officer said here Feb. 11 that the company expects to announce agreements “in the next several days” with lenders that will produce a waiver from debt covenant restrictions.
February 16, 2009Fleet Execs Confront Dealers on Padded Bills, Estimates
ORLANDO, Fla. — Fleet executives complained bluntly about what they said were padded bills for repair services, unreliable estimates and failures by service operators to offer realistic completion times.
February 16, 2009Less-Than-Truckload Pricing Fades in 4Q
Less-than-truckload pricing dwindled during the fourth quarter, contributing to an increase in operating ratios toward the break-even point, according to a survey of results from publicly traded companies.
February 16, 2009Knight Praises Trucking’s ‘Green’ Measures
ORLANDO, Fla. — Kevin Knight, chief executive officer of Knight Transportation, touted trucking’s efforts in recent years to become more environmentally friendly, and said the industry should work to improve its green message to the public.
February 16, 2009Pa. Governor Proposes $227 Million for Bridge Repairs, More Rail Capacity
Pennsylvania Gov. Edward Rendell (D) has proposed spending $200 million for highway bridge repairs, plus $27 million to increase freight capacity for railroads, one of which plans to build an intermodal terminal in Pittsburgh.
February 16, 2009Postal Service, UPS Team Up to Make Online Returns Easier
UPS Inc. and the U.S. Postal Service have agreed to work together to make it easier for consumers to return goods purchased online, a move that more closely aligns the nation’s mail delivery system with the largest commercial package carrier.
February 16, 2009FMC Lets Calif. Ports Collect Fees on Containers to Fund Truck Retrofits
The Federal Maritime Commission said it will allow the Ports of Los Angeles and Long Beach, Calif., starting Feb. 18, to collect container fees that will help carriers fund the replacement of older trucks with less-polluting newer models.
February 13, 2009Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Saturday from a year ago, the Association of American Railroads said.
February 13, 2009