Today's Trucking Staff

2015 Ending with Lowest Diesel Costs in Years preview image 2015 Ending with Lowest Diesel Costs in Years article image

2015 Ending with Lowest Diesel Costs in Years

LONDON, ON and WASHINGTON, D.C. - As 2015 draws to a close average prices for both diesel and gasoline in Canada and the U.S. are at their lowest levels in years. The Canadian national average price of diesel has fallen for the seventh straight week, down $0.009 from last week, to $0.986 per liter, according to the petroleum information services provider The Kent Group. Not only is this the lowest price since August 2010 it is $0.194 less than this time last year. For all of 2015, the fuel averaged $1.092 per liter compared to $1.339 last year.
U.S. Truck Safety Regulators Abandon Earlier Proposals preview image U.S. Truck Safety Regulators Abandon Earlier Proposals article image

U.S. Truck Safety Regulators Abandon Earlier Proposals

WASHINGTON, D.C. -- The U.S. Federal Motor Carrier Safety Administration (FMCSA) has withdrawn a notice of proposed rulemaking that would have required a commercial motor vehicle to display a label attesting that it was compliant with Federal Motor Vehicle Safety Standards (FMVSS) when it was manufactured while the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) has withdrawn a plan that would have amended haz-mat regulations on the transportation of flammable liquid material in unprotected external product piping, known commonly as wetlines, on tanker trucks.
Element Closes on Funding for Fleet Management Business preview image Element Closes on Funding for Fleet Management Business article image

Element Closes on Funding for Fleet Management Business

TORONTO, ON - Element Financial Corp. has closed on US$4.8 billion in rated asset-backed security (ABS) funding that will fuel the company's aggressive move into the U.S. fleet management business. In June, Element Financial Corp. reached an agreement to acquire GE Capital's remaining North American fleet management operations in the U.S. and Mexico, along with as GE Capital's fleet management operations in Australia and New Zealand.
ATA: U.S. Truck Tonnage Mixed, Previews 2016 preview image ATA: U.S. Truck Tonnage Mixed, Previews 2016 article image

ATA: U.S. Truck Tonnage Mixed, Previews 2016

ARLINGTON, VA - A measure of trucking freight activity fell last month in the U.S., but remains not far from a record high level hit early this year, accordign to one fleet group, who also offered a preview into conditions for the New Year. The American Trucking Associations' (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index declined 0.9 percent in November to 134.3 from the month before, following an increase of 1.8 percent during October, which was revised downward from a first reported 1.9 percent gain. This latest index reading is just 1.1 percent below the all-time high of 135.8 reached in January 2015.
Diesel Prices Continue Heading to Lower Levels preview image Diesel Prices Continue Heading to Lower Levels article image

Diesel Prices Continue Heading to Lower Levels

LONDON, ON and WASHINGTON, D.C. - It looks like diesel prices will end the year on a very much lower note in both Canada and the U.S. with continuing declines, making for the least expensive prices in several years. According to the petroleum information services provider The Kent Group, the national average cost of trucking's main fuel in Canada is down $0.017 from a week ago to $0.995 per liter. This is the sixth weekly drop and its lowest level since 2010. Compared to this time last year diesel is $0.199 cheaper. Prices fell Canada's four different regions and currently range from a low of $0.97 per liter in the Western Provinces to a high of $1.093 in Quebec. In the U.S., the story is also a continued drop for six straight weeks, with the average national cost falling US$0.054 from last week to US$2.284 per gallon, according to the U.S. Energy Department's Energy Information Administration.

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