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Another week and another decline in the price of fuel, with diesel hitting its lowest level since last August. New figures released by the U.S. Energy Department show the average retail cost is down 5.5 cents over the past week.
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The head of Pilot Flying J Monday announced several steps the company is taking to address the questions raised in a federal probe of its fuel rebate program, including an internal audit, placing some employees on leave, eliminating manual rebate calculations, and adding a chief compliance officer.
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The Equipment Leasing & Finance Foundation released the April 2013 Monthly Confidence Index for the Equipment Finance Industry, and overall, confidence in the equipment finance market is 54.0. This is an easing from the March index of 58.0, reflecting industry participants’ continuing concerns over the economy and the impact of federal policies on capital expenditures.
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Spot market freight volumes reported by the DAT North American Freight Index finished the first quarter of 2013 up 7.7% compared to the first quarter of 2012 and rose 11% over the previous quarter.
Read More →Autocar is recalling 532 model year 2011-2013 ACX trucks manufactured Jan. 24, 2011, through Dec. 4, 2012, that are equipped with Meritor axle assemblies that were built with disc brakes using MGM J24 series air brake chambers.
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Higher fuel taxes in Vermont are almost a forgone conclusion, with the state Senate on Friday approving a hike in an overwhelming decision.
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The Teamsters Union and Arkansas Best Freight System have agreed to another extension of the current labor contract, as the two sides seem far apart.
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The ability to listen is an important trait in being successful, said Drew Linn, the HDT/American Truck Dealers 2013 Truck Dealer of the Year in his recent commencement address to ATD Dealer Academy graduates.
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A trucking company has filed what is the first known lawsuit against truckstop operator Pilot Flying J stemming from allegations of fraud against its customers.
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Class 8 orders rose above 20,000 units for a sixth consecutive month in March, but fell sequentially for the first time since November, says ACT Research. However, cancellations fell to their lowest levels since Q3’10 for the second time in the past three months.
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