21 Feb Diesel Inches Up 0.7¢ to $2.572 a Gallon The U.S. average retail price of diesel rose 0.7 cent to $2.572 a gallon as the stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said. Read more...
21 Feb Truck Tonnage Rises in January, ATA Says January truck tonnage jumped up smartly by 2.6% compared with the same month in 2016, American Trucking Associations said Feb. 21. Read more...
21 Feb Los Angeles Most Congested City in the World, INRIX Reports The City of Angels topped the list of cities with the worst traffic, where motorists spent more than 104 hours stuck in traffic in 2016, a new ranking of the most congested cities found. Read more...
21 Feb Expeditors' Volumes Rise as Rates Hinder Profits Fourth-quarter business boomed, but profits dipped at freight forwarder Expeditors International as roller-coaster pricing made management difficult, the Seattle-based firm said in its Feb. 21 earnings statement. Read more...
21 Feb UPS Tries Arming Its Brown-Clad Drivers With an Octocopter Drone UPS Inc. sees a day when your latest purchase may be dropped off not by a brown-clad delivery driver, but by an octocopter drone. Read more...
21 Feb CEO of CSX to Retire as Hunter Harrison Negotiations Continue The shakeup at CSX Corp. took another twist Feb. 21 when current CEO Michael Ward and President Clarence Gooden announced they're leaving the railroad at the end of May, another wrinkle that could affect the push from private investor Paul Hilal to install former Canadian Pacific CEO Hunter Harrison as CSX's top executive. The company also announced 1,000 layoffs. Read more...
21 Feb Wabtec Earnings Fall on Slumping Freight Market Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump. Read more...
21 Feb Elite UPS Safe Driver Group Grows to 9,349 UPS Inc. has announced the induction of 1,575 drivers into its "Circle of Honor," raising to 9,349 the number of drivers who have gone 25 years or more without an avoidable accident - accounting for nearly 10% of the UPS driver workforce. Read more...
21 Feb Embattled Ex-New Jersey DOT Chief Jamie Fox Dies Jamie Fox, who had been charged with conspiracy to commit bribery while New Jersey's transportation commissioner in 2014, died Feb. 20, local media outlets reported. Read more...
21 Feb Illinois DOT Funds Freight Study for Will County Intermodal Transportation Will County will receive a $750,000 grant from the Illinois Department of Transportation to create a comprehensive freight mobility study with a goal of making intermodal transportation safer and more efficient, officials said. Read more...