A demonstration truck built by Cummins Inc. and Peterbilt Motors Co. achieved a 10.7 mile-per-gallon fuel economy reading last month under real-world driving conditions, the companies announced. The project is part of the U.S. Department ...
Tags: Transportation
Truck tonnage rose 1.2% in January, held back by a series of nationwide winter storms, American Trucking Associations announced. The impact of the storms was illustrated by the 4.3% drop from December, the largest sequential decline in ...
Tags: Transportation, Truck
It's like clockwork. Whenever someone calls me about selling their company, they respond to my spiel with the exact same question: "What's my business worth?" My answer is always the same but never the one they expect: "It depends." ...
Tags: Sale Price, Business Sale Price, Tips
Old Dominion Freight Line Inc. said its fourth-quarter profit grew 19.4% as tonnage and revenue increased. The less-than-truckload carrier’s net income was $47.2 million in the quarter, or 55 cents a share, up from $39.5 million, or ...
Tags: Dominion, market share, Dominion Freight
Continued pressure from ample global wheat supplies pushed all three futures markets lower this week. Increased export demand and threats of winterkill lent some support midweek. CBOT March wheat dropped 10 cents to $5.56/bu. KCBT fell 12 ...
Tags: Wheat
Soybeans were lower on fund and technical selling. The near term supply remains tight and demand continues to look strong, keeping the fundamentals pretty much bullish. Past that – there's acreage position squaring against corn and ...
FOB values for Black Sea and Mediterranean crudes have continued to rebound after hitting more than two-year lows early in the new year. On Monday, Aframax FOB Supsa Azeri Light cargoes were assessed at a $2.295/b premium to the BTC Brent ...
Tags: Freight Drops, Chemicals
Workforce equipment,technology,regulations and demographics continue to change,but truck driving has and will always be more than a job—it's a lifestyle.Perhaps nothing illustrates this more today than watching drivers use smart ...
The predominantly cotton based Indian textile industry, particularly Tamil Nadu textile industry which accounts for 47.5% of the spinning capacity, has been facing several challenges during the last five years on raw material front, ...
Tags: Cotton Prices, Spinners
South Africa's Richards Bay Coal Terminal (RBCT) exported 4.6 million mt of coal in January, tumbling 33% on-month from the 6.8 million mt shipped in December, according to the latest operating data released by the port Friday. January ...
Tags: Coal Terminal, Mineral
The price spread between Asian paraxylene and isomer-grade mixed xylenes on an FOB Korea basis narrowed $2/mt from Tuesday to a more than three-year low of $154.50/mt Wednesday, with MX staying relatively supported while PX and downstream ...
Knight Transportation Inc. said Jan. 29 its fourth-quarter profit increased 13.6% on improved freight demand. Net income rose to $20.1 million, or 25 cents a share, from $17.7 million, or 22 cents, a year earlier. Revenue rose 3.1% to ...
Wheat futures closed mixed on Friday, marking the first time in seven weeks a nearby contract closed higher than the previous week. Stronger export demand for U.S. supplies combined with cold temperatures that threaten winter wheat ...
Tags: Wheat, Ample global supplies
ARLINGTON, Va. -- American Trucking Associations (ATA) president and CEO Bill Graves said US President Barack Obama was short on details concerning infrastructure during his State of the Union address. “While we appreciate President ...
Tags: ATA, infrastructure, fiscal cliff, investment
TORONTO, Ont. -- Canadian freight rates climbed 0.75% in November, according to the latest Canadian General Freight Index, compiled by Nulogx. The base rate increased 0.24% in November when compared to October. Fuel surcharges accounted ...
Tags: Domestic LT, Cross Border LTL, Truckload, freight