The new intermodal competitive index (ICI) crafted by research firm FTR dropped 1.2 points in May to a reading of 3.5 – the second straight decline for the index, reflecting “somewhat difficult competitive conditions” for the domestic intermodal segment.
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Paccar Parts recently celebrated the grand opening of its new distribution center in Renton, WA.
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The “Detroit Three,” comprised of Ford Motor Co., General Motors, and Ram Trucks, are showing off some of their latest light truck offerings, featuring everything from a twin-turbo engine option from Ford for its 2017 model F-150 to a brand new air intake design for the 2017 Chevrolet Silverado HD pickup. Though Ram is keeping its 2017 models under wraps for now, the OEM recently stepped up to help support a new all-female off-road that will take place this October in the U.S. southwest.
It's certainly no secret that finding and keeping workers is getting to be pretty tough task for many businesses today, especially in trucking.
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National average retail prices for both diesel and gasoline continued to decline this week, according to data tracked by the Energy Information Administration (EIA), with the agency also projecting that U.S. demand for petroleum will “remain flat” for the next quarter century in part due to rising fuel economy standards for motor vehicles.
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The new turbo V-6 Ford is adding to the 2017 F-150 will provide even more power than initially expected, Ford has announced.
The 3.5L EcoBoost V-6 that powers the truck produces 375 hp and 470 lb.-ft. of torque for a gain of 10 hp and 50 lb.-ft. over the outgoing 3.5L EcoBoost. In May, Ford said the engine would produce 450 lb.-ft. The engine will provide more power than many V-8 truck engines on the market.
For the first time, Ford is pairing an F-150 engine with a 10-speed automatic transmission so the truck provides improved acceleration and performance.
The 2017 F-150 goes on sale in the fall.
Related: Ford Updates F-150's 3.5L Turbo, Adds 10-Speed
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Source: EIA
" >Source: EIA
" width="250" height="338">The average price of diesel fuel dropped by nearly 1 cent last week, the fourth straight week of small price decreases, according to the latest numbers from the Energy Department.
The price of on-highway diesel fuel in the U.S. dropped by 0.9 cents for the week, settling at $2.414 per gallon. The price is 40 cents cheaper than it was for the same week a year ago.
The largest average price decrease by region was in the Gulf Coast region, which saw prices drop by 2.1 cents per gallon last week. In the Rocky Mountain region, the average price actually increased slightly, moving up 0.9 cents.
The price of regular gasoline dropped again last week, falling 3.8 cents to $2.253 per gallon. The price is 58.1 cents cheaper than it was for the same week of 2015. The largest decrease in prices was in the Midwest region, where gas prices fell by 5.3 cents. The smallest decrease in prices was in the Rocky Mountain region at 1.7 cents.
Crude oil prices were down to start the week on July 11, on the back of recent reports that large oil producing countries had actually increased production last month, according to a Market Watch report.
OPEC's crude oil production increased by 300,000 barrels per day in June and more oil is also expected to be produced in Canada, which saw a disruption in its output due to wildfires.
While production is likely to increase, demand may go down as global economic markets still try to ascertain the impact of the United Kingdom's exit from the European Union.
Related: 9 Ways You Can Use Technology to Cut Fuel Use
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