10 Apr Diesel Rises 2.6¢ to $2.582 a Gallon The U.S. average retail price of diesel rose 2.6 cents to $2.582 a gallon, the Department of Energy reported April 10. Read more...
10 Apr Port of Virginia Container Traffic Rises 9% in March Cargo traffic in March at the Port of Virginia was the fourth busiest in its history, and grew 9% compared to a year ago, according to the Virginia Port Authority. Read more...
10 Apr Eaton, Cummins to Form Joint Venture for Automated Transmissions Eaton Corp. and Cummins Inc. have agreed to form a joint venture to produce automated transmissions for medium- and heavy-duty trucks, a move that would deepen the suppliers' long-standing powertrain alliance. Read more...
10 Apr Video: How the Knight-Swift Merger Affects Drivers In this video posted April 10 on Knight Transportation's Facebook page, Knight Executive Chairman Kevin Knight says Swift Transportation and Knight Transportation will remain independent brands and operations after their merger announcement. Read more...
10 Apr Port of Vancouver Has Record Year for Tonnage The Port of Vancouver had a record year for tonnage in 2016, though imports and operating revenues are less glowing. Read more...
10 Apr Retired New York Teamsters to Get Few More Months Before Benefits Decline Retired truck drivers will have at least a few more months before any pension cut lowers their monthly benefits after administrators of the New York State Teamsters Conference Pension and Retirement Fund temporarily withdrew their application to the Department of the Treasury. Read more...
10 Apr E-fulfillment Warehouses Growing Not Just Wider But Higher The growth in e-commerce has increased demand for bigger warehouses to fulfill orders, storage space that isn't only larger in square footage but also height, according to a report from commercial realtor CBRE Group Inc. Read more...
10 Apr JaxPort Discussed Asking for $93 Million to $167 Million to Deepen Port JaxPort officials discussed with city administrators Jacksonville paying between $93 million and $167 million to deepen 13 miles of the St. Johns River to accommodate larger ships with more cargo, according to e-mails former port authority CEO Brian Taylor deleted from his computer during his resignation last month. Read more...
10 Apr Trucking Forecast Good in Short Term, but Recession Could Hit Before 2020 LAS VEGAS - Truckload carriers and freight brokers should see improved profits in late 2017 and early 2018, but FTR economist Noël Perry warned executives at the Transportation Intermediaries Association that they won't be as robust as earlier this decade and a recession could be looming. Read more...
10 Apr TIA Honors Five for Industry Contribution LAS VEGAS - The Transportation Intermediaries Association honored five people for their contributions to transportation and logistics and the larger community at its conference on April 7. Read more...