Meritor announced that April Miller Boise has joined the company as senior vice president, general counsel and corporate secretary, effective immediately.
"April's impressive background in corporate law will be a great asset to Meritor," said Jay Craig, CEO and president. "We are very happy she has decided to join us as the next step in her career."
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The supply of Class 8 trucks increased far faster than demand for the fifth time this year, according data tracked by ACT Research Co., while trailer orders dropped 25% from June to July and are now at less than half the amount reported at the same time in 2015.
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While the national average retail pump price for diesel and gasoline remained on a downward track this week, Energy Information Administration (EIA) data showed price declines for both fuels overall were very small, with a wide swath of modest regional increases and decreases for gasoline.
The national average retail pump price for diesel dropped 6/10ths of a penny to $2.310 per gallon this week, according to EIA, which is 30.5 cents per gallon cheaper compared to the same week in 2015.
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Source: EIA
" >Source: EIA
" width="250" height="347">The price of diesel fuel in the U.S. was essentially flat last week, falling less than a cent, according to the latest numbers from the Energy Department.
The average price of on-highway diesel fuel fell by 0.6 cents last week, settling at $2.31 per gallon. While the gap is closing, the price is more than 30 cents cheaper than it was in the same week a year ago.
Prices were relatively flat in all major regions of the U.S., with the most significant drop coming to the West Coast at 1.2 cents per gallon. The smallest change was in the Midwest, where diesel prices decreased by only 0.2 cents.
The average price of regular gasoline was also basically unchanged from the previous week, falling 0.1 cents to $2.149 per gallon. The average price is nearly 57 cents cheaper than it was in the same week of 2015.
The largest decrease in gas prices was on the West Coast, where the price dropped by 3.9 cents. The largest increase in prices was in the Lower Atlantic region where gasoline jumped 2.5 cents for the week.
Crude oil prices seem to be turning around, hitting some monthly highs as several OPEC member countries have indicated that they may finally reduce production to counteract lower global demand, according to a Wall Street Journal report.
Crude oil prices had been dropping, attributed to OPEC inaction to curb high production levels despite the fact that demand in large markets like China has been low. However, analysts have been speculating that OPEC may finally adjust production levels. The Saudi Arabia energy minister indicated last week that his country could finally back an effort to adjust, according to the report.
Related: Fuel Economy at Any Size
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