HDT Launches the Heavy Duty Trucking eXchange

HDT will be hosting the Heavy Duty Trucking eXchange, an intimate event that pairs a select group of top innovators in the Class 8 market together with the suppliers that help them move more than 10 billion tons of freight across the country every year, giving them an intimate environment in which to engage in discussions on topics that affect the entire industry.

The setting is an all-inclusive, networking retreat designed to accelerate the achievement of each participant's unique business goals. The hosted buyer event, which will be held from May 8-10, 2017, at the Scottsdale Resort at McCormick Ranch in Scottsdale, Ariz., will focus on fleets consisting of light and medium-duty trucks and vans.

Hosted buyer events, a concept imported from the European business market more than a decade ago, create an informal setting in which qualified buyers, or those with the decision-making responsibilities at a fleet, are paired with companies that are attuned to their specific industry.

The guests must go through a qualification process that guarantees they are a perfect match for the vendors and suppliers also in attendance. Selected guests receive hosted travel to participate in the event. The event consists of roundtable discussions, small audience presentations and one-on-one meetings between the buyers and the companies that serve them.

Heavy Duty Trucking and Bobit Business Media have an established relationship with fleet professionals and the companies that serve them. This enables them to have a deep-rooted understanding of the industry and the issues it faces, as well as the solutions that can best fit a fleet's needs. Together they have crafted an event where industry thought leaders have the opportunity to explore the essential components of creating and maintaining efficient and effective truck fleets.

Commercial fleet managers can apply for participation by clicking here. For more information ...Read the rest of this story

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Diesel Prices Barely Changed Last Week

Source: EIA

The average price of diesel fuel in the U.S. was nearly flat during the week of Thanksgiving, according to the latest numbers from the Energy Information Administration.

The price of on-highway diesel fuel dropped by 0.1 cents last week, settling at $2.42 per gallon at the pump. The price was also nearly equal to prices in the same week of 2015, being only 0.1 cents cheaper by comparison.

When broken down by region, prices were relatively unchanged with average prices increasing or decreasing by less than a cent across the country. The largest decrease was in the Gulf Coast where prices fell by 0.6 cents while the largest increase in prices was in the Lower Atlantic region, rising 0.6 cents.

Gas prices were also on a plateau last week, with the average price of regular gasoline decreasing by 0.1 cents to $2.154 per gallon. The price of gasoline is now 9.5 cents more expensive that it was in the same week a year ago.

The largest decrease in prices occurred in the Rocky Mountain region where prices fell by 3.9 cents. The largest increase in prices was in the Midwest with a 2.5- cent jump.

Crude oil prices were volatile over the past week as the market continues to react to rumors of a production freeze by major oil producing countries.

Prices were up on Nov. 28 in anticipation of a meeting of OPEC countries that is set to take place this week. A freeze in oil production would be a major step in addressing a global oil supply glut that has driven down prices in the past year.

Related: New API Diesel Engine Oil Categories Arrive Dec. 1

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Stoughton Trailers Adds Ervin to Dealer Network

Toledo, Ill.-based transportation equipment dealer Ervin has been added to Stoughton Trailers' network of North American dealers, the company announced.

Ervin is a global supplier of new and used transportation equipment, offering many services beyond sales to serve as a one-stop resource for Stoughton customers. The Ervin sales territory for Stoughton Trailers will be focused on the South and a few other strategic areas.

“Family-owned Stoughton Trailers matches our same core values, as we are family owned and operated as well,” said Cole Ervin, president of Ervin. “This partnership could not have come at a better time as Stoughton Trailers has an aggressive business plan that aligns with ours.”

Stoughton Trailers has an extensive network of dealerships across the U.S., Mexico and Canada. Stoughton manufactures, designs, and markets a range of semitruck trailers used in over-the-road trucking, as well as agricultural trailers and other specialty transportation equipment.

“Ervin brings a great deal of experience and resources to our dealership team,” said Brian Kahl, Stoughton Trailers vice president of sales and marketing. “We especially like that Ervin is in a position to deliver a complete suite of services such as trailer leasing, repairs, parts and financing.”

Related: Stoughton Lease Opens Dallas Area Branch

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