Diesel Dips 2.8¢ to $3.416 a Gallon
The average price of retail diesel slipped below its record high last week, dipping 2.8 cents to $3.416 a gallon, the U.S. Department of Energy reported, citing a decline in demand for distillate fuels.
December 10, 2007Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Senate Blocks Energy Bill
Senate Republicans Friday blocked an energy bill that would have boosted taxes on oil and gas companies and raised fuel economy standards for most vehicles, Bloomberg reported.
December 7, 2007I-5 Reopens to Trucks in Washington State
Interstate 5 near Chehalis, Wash., reopened to truck traffic Thursday night after road crews drained the highway that had been closed since Monday due to flooding from storms, the Seattle Times reported.
December 7, 2007Velocity Express Sets Reverse Stock Split
Velocity Express Corp. said its board authorized a 1-for-15 reverse stock split, effective Friday morning.
December 7, 2007UTi Worldwide’s 3Q Profit Improves
Air and ocean freight forwarder UTi Worldwide said Thursday its fiscal third-quarter profit rose 14% to $34.9 million or 35 cents a share, from $30.5 million or 31 cents a year ago.
December 6, 2007Dynamex Reports Higher 1Q Profit
Logistics and delivery firm Dynamex Inc. reported its fiscal first-quarter net income rose to $4 million or 39 cents a share, from $3.6 million or 34 cents a year earlier.
December 6, 2007Patriot CEO Anderson to Retire in February
Patriot Transportation Holding said that Chief Executive Officer John Anderson will retire in February. He will be succeeded by John Baker.
December 6, 2007Teamsters, Canadian Pacific Reach Tentative Pact
The Teamsters Canada Rail Conference, which represents 4,500 locomotive engineers and conductors, reached an agreement with rail line Canadian Pacific on a revised tentative five-year contract settlement, CP said.
December 6, 2007I-5 in Wash. State May Reopen to Truck Traffic Thursday
Interstate 5, part of which has been closed in Washington state since Monday due to flooding, could reopen to limited truck traffic Thursday night, the Seattle Times reported on its Web site.
December 6, 2007Celadon Completes Share Repurchase; Sets New Plan
Truckload carrier Celadon Group said Wednesday it has completed the two million share stock repurchase program authorized by its board in late October.
December 5, 2007