Saturday, January 20, 2018
Business
Crude prices still falling and 2016 could bring  more of the same

Crude prices still falling and 2016 could bring more of the same

In energy markets, U.S. crude oil fell 42 cents to $44.77 a barrel in electronic trading in New York. Brent crude, which is a benchmark for international oils, rose 8 cents to $48.06 a barrel in London.

Seattle start-up Convoy launches on-demand service for regional, local trucking firms

Seattle start-up Convoy launches on-demand service for regional, local trucking firms

SEATTLE — Convoy, a Seattle start-up that its founders say is reinventing the $800 billion trucking business, Tuesday officially launched its on-demand service for regional and local trucking and announced $2.5 million in seed funding from top investors.

Used Class 8 truck sales mixed in September, says ACT Research

Used Class 8 truck sales mixed in September, says ACT Research

COLUMBUS, Ind. – Used Class 8 truck metrics were mixed in September, with same dealer sales inching closer to the six-month moving average, ACT Research reported.

Diesel prices down 3.3 cents to $2.498 a gallon

Diesel prices down 3.3 cents to $2.498 a gallon

On-highway diesel prices were down 3.3 cents a gallon Monday in the latest report from the Energy Information Administration (EIA), putting the national average at $2.498.

FTR: U.S. trailer orders for 2015 ‘significantly above expectations’

FTR: U.S. trailer orders for 2015 ‘significantly above expectations’

BLOOMINGTON, Ind. — FTR reports that September 2015 U.S. trailer net orders were 34,700, significantly above expectations.

FTR trucking conditions Index shows healthy freight growth

FTR trucking conditions Index shows healthy freight growth

BLOOMINGTON, Ind. — FTR’s Trucking Conditions Index (TCI) measure for August, at a reading of 9.53, reflects healthy freight growth projections, an FTR official said, adding that positive revisions to both the first and second quarter economic data have improved FTR’s freight growth forecast to +4.4 percent for full year 2015.

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