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Rates in the three major categories on one of the nation’s leading spot markets for freight increased or held steady over the past week, according to newly released figures.
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Love’s Travel Stops will introduce fast-fill compressed natural gas fueling capability for heavy-duty trucks at its travel stop located on Interstate 40 at exit 74 in east Amarillo, Texas. The Love’s Fast-Fill CNG station is expected to be open by the second quarter of 2014.
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Private sector employment increased by 238,000 jobs from November to December, according to the new ADP National Employment Report, making the final month of 2103 the strongest month for job growth last year.
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The Washington, D.C. lobby group, Building America’s Future, has announced that former U.S. Secretary of Transportation and Republican Ray LaHood is joining the organization as a new co-chair.
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Honeywell announced that it has reached a definitive agreement to sell its Friction Materials business unit to Federal Mogul Corporation for approximately $155 million.
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North American freight activity followed virtually the same path in 2013 as it did in the previous two years, concluding with the typical December falloff, according to new issue of the Cass Freight Index Report.
Read More →Perfect Equipment Inc., a wheel balance weight company, has updated its operating name to Wegmann Automotive USA Inc. The 75-year-old product brand name Perfect Equipment will remain unchanged and stay as a key member of the company’s brand portfolio.
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Expect the cost of on-highway diesel to average $3.81 per gallon this year, 11 cents less than 2013’s average price. The new monthly U.S. Energy Department Short-Term Energy Outlook is calling for the price to be even less in 2015, averaging $3.72 per gallon.
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The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.
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U.S. trade with its North American Free Trade Agreement partners, Canada and Mexico, amounted to $103.1 billion in October, up 4.5% from the same time a year earlier and exceeded $100 billion for the first month on record, according to new U.S. Department of Transportation figures.
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