Truckers Concerned on New Engines’ Mileage, Journal Reports
Trucking companies are concerned that new emissions rules in effect this year are hurting mileage and their bottom lines, the Wall Street Journal reported Tuesday.
April 24, 2007Forward Air’s Profit Dips
Forward Air Corp., a contractor to the air cargo industry, said its first-quarter profit slipped by 6% to $10.3 million or 34 cents a share, from $11 million or 35 cents a year ago.
April 24, 2007Heavy-Duty Engine Manufacturers Allow Biodiesel Use Without Voiding Warranties
U.S. Fuel Prices Continue to Rise
Fuel prices continued to rise last week as heavy demand for diesel and gasoline combined with high oil prices and a string of refinery shutdowns.
April 23, 2007Swift’s First-Quarter Earnings Tumble
Swift Transportation Co.’s first-quarter profit fell 74% because of a pending buyout, bad weather, higher fuel costs and lower demand.
April 19, 2007Diesel Rises 3.7¢ to $2.877
The average price of retail diesel fuel rose 3.7 cents to $2.877 a gallon, the Department of Energy reported Monday.
April 17, 2007Maersk to Boost Fuel Surcharge
A.P. Moeller-Maersk, the world’s largest ocean shipping line, is boosting its North America to Europe rates due to higher fuel costs, Bloomberg reported Monday.
April 16, 2007Bankruptcies Increase as Freight Declines
Trucking company failures jumped in the first quarter of 2007, and industry observers warned of tougher times ahead because of an uncertain economy, weak freight loads and rising fuel costs.
April 16, 2007Diesel Gains 5¢ to $2.84 a Gallon
The average price of U.S. retail diesel fuel climbed another 5 cents last week to $2.84 a gallon, reaching a seven-month high, and the Department of Energy warned that prices are unlikely to fall anytime soon.
April 16, 2007U.S. Xpress to Report 1Q Loss
Truckload carrier U.S. Xpress Enterprises said Friday it will report a first-quarter loss next week on declining freight demand and rising fuel costs.
April 13, 2007