08 May Diesel Prices Drop 1.8¢ to $2.565 The U.S. average retail price of diesel dropped 1.8 cents to $2.565 a gallon as oil prices remained below $50 a barrel for the third week amid questions about whether Saudi Arabia and Russia will cut oil production into 2018. Read more...
08 May Port of Virginia Welcomes 13,000-TEU Vessel, Its Largest Ever The Cosco Development called at the Port of Virginia on May 8, marking the largest containership to visit the port in history and the first of its three stops on the East Coast during the second week of the month. Read more...
08 May Arcbest Reports Slow First Quarter, $7.4 Million Loss ArcBest Corp. reported first-quarter revenue of $651.1 million compared to 2016 first-quarter revenue of $621.5 million. Read more...
08 May Dallas Area to Get Another Million-Square-Foot Warehouse Another big industrial development deal is headed to south Dallas County, Texas. Read more...
08 May Striking New York Truck Drivers Stage Rally at Brewery Workers who went out on strike against the East Yaphank, N.Y.-based Clare Rose beer distributor held a rally at the Blue Point Brewery in Patchogue, N.Y., on May 6. Read more...
08 May Concerns Over Terrorism Leads TSA to Issue Warning to Trucking Companies The U.S. Transportation Security Administration wants truck rental agencies to be more vigilant in efforts to prevent these attacks, releasing a report this week that outlines the increased threat of such incidents. Read more...
08 May Sparked by Amazon, Cargo Business Growing at Tampa International Airport Cargo business at Florida's Tampa International Airport is growing, thanks in large part to online retailer Amazon.com Inc. Read more...
08 May Trucking Meets Tech With Startup Cargo42's Strategy Francine Gervazio worked in the logistics industry in her home country of Brazil and Australia, and she saw first hand how inefficient the industry could be. In fact, she says, one out of every five trucks on the streets is traveling empty. While at Babson College in Massachusetts studying entrepreneurship, she came up with concept behind Cargo42. Read more...
08 May Pasquale Trucking Sold to Online Transport An Indianapolis shipping company has purchased Logansport, Ind.'s Pasquale Trucking Co. from former owner Tom Pasquale. Read more...
08 May Top House Transportation Democrat Warns Against Expansion of Tolling President Donald Trump's suggestion of privatizing infrastructure projects that could expand tolling nationwide would fail to gain broad public support, Rep. Peter DeFazio (D-Ore.), ranking member on the House transportation panel, told reporters May 7. Read more...