Freight delays at the Port of New York and New Jersey have caused “damaging consequences” to cargo flow at the East Coast’s largest port complex, a retailers group wrote in letter to the port.
February 21, 2014Latest News Updates From Michael G. Malloy
Diesel to Average $3.83 This Year, DOE Says
The Department of Energy raised its outlook for 2014 U.S. retail diesel prices by 2 cents to $3.83 a gallon, the second straight month in which it projected an increase.
February 11, 2014Forward Air’s 4Q Income Declines
Forward Air Corp. said its fourth-quarter net income dipped from a year ago, and the carrier authorized a 2 million-share buyback.
February 11, 2014Diesel Rises Again, Climbing 2.6¢ to $3.977
Diesel’s national average retail price continued its recent ascent, gaining 2.6 cents to $3.977 a gallon as oil topped $100 a barrel for the first time this year, the Department of Energy reported Feb. 10.
February 11, 2014Paccar Recalling 21,000 Kenworth, Peterbilt Trucks
Paccar Inc. said it is recalling more than 21,000 trucks for potential defects to seat belts and door latches, according to a notice posted Feb. 7 on the National Highway Traffic Safety Administration’s website.
February 10, 2014Trucking Adds 3,200 Jobs; Unemployment Rate Falls to 5-Year Low of 6.6%
Trucking accounted for 3,200 of the 113,000 jobs added in January, and the U.S. unemployment rate fell to a five-year low of 6.6%, the Labor Department reported Feb. 7.
February 7, 2014Wash. Ports Ask FMC to Allow Discussions of Rates, Operations
Officials at the ports of Seattle and Tacoma, Wash., have filed a request with the Federal Maritime Commission for a “discussion agreement” that would allow them to talk about rates and operations, which is usually prohibited under antitrust regulations.
February 4, 2014Diesel Rises 4.7¢ to $3.951; Price Is Highest Since September
Diesel rose for a second straight week, gaining 4.7 cents to $3.951 a gallon, led by big spikes in the Northeast, the Department of Energy reported.
February 3, 2014Diesel Rises 3.1¢ to $3.904; Increase Is First in Three Weeks
Diesel rose for the first time in three weeks, gaining 3.1 cents to $3.904 a gallon, the Department of Energy reported Jan. 27.
January 28, 2014Diesel Price Declines to $3.873; Gasoline Also Falls
Diesel and gasoline both fell for a second straight week, with diesel declining 1.3 cents to $3.873 a gallon, the Department of Energy reported.
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