Transportation Topics

Gasoline prices could jump by 60 cents or more by May, USA Today reported Monday, citing fuel analysts.

WASHINGTON - Five manufacturers are on their way toward meeting the Department of Energy's goal of increasing a truck's efficiency by 50% under the agency's SuperTruck program, a DOE official said.

Armored vehicle transportation company Brink's said its fourth-quarter profit declined from a year ago while its full-year earnings rose.

Intermodal traffic volume rose 4.1% in the fourth quarter, the eighth straight quarter of year-over-year gains, the Intermodal Association of North America said.

Ryder System said it has launched RydeSmart 3.0, the next generation of RydeSmart, its onboard telematics system.

Transportation software maker Arsenault announced that Jack Boetefuer is the company's new CEO.

Clean Energy Fuels Corp. on Monday said it has signed an agreement with tank truck carrier Green Energy Oilfield Services to build and supply a new liquefied natural gas fueling station in Texas.

Factory orders rose 1.1%, the second straight increase, the Commerce Department reported.

The unemployment rate dropped in January to 8.3%, the lowest almost in three years, while the economy added 243,000 jobs, including 5,300 trucking jobs, the Labor Department said Friday.

A faulty brake valve produced by Bendix Commercial Vehicle Systems has been installed on as many as 60,000 Navistar Inc., Paccar Inc. and Volvo Group heavy-duty vehicles that are now in service.

An index of the U.S. economy's service sector rose in January at the fastest pace in nearly a year, the Institute for Supply Management said Friday.

The largest U.S. freight railroads reached a tentative agreement last week with a union representing track and bridge maintenance workers, eliminating the possibility of a nationwide work stoppage.

U.S. intermodal traffic rose 5.5% for the week ended Saturday from a year ago, the Association of American Railroads reported.

Diesel engine maker Cummins Inc. on Thursday said its fourth-quarter profit rose from a year ago as sales climbed to a quarterly record.

Provisions for heavier, longer trucks contained in a transportation reauthorization bill introduced in the U.S. House of Representatives Tuesday did not survive the bill's first hearing.

Iteris Inc., a provider of traffic management technology, said it posted a profit in its third fiscal quarter.

Covenant Transportation Group reported a fourth-quarter loss as freight revenue declined.

Old Dominion Freight Line posted record revenue and earnings for both the fourth quarter and the full year, the less-than-truckload carrier said Thursday.

Truckload carrier Landstar System said Thursday its fourth-quarter earnings rose to $32.6 million, or 70 cents per share, from $24.1 million, or 50 cents, a year earlier.

Ryder System said Thursday its fourth-quarter profit improved and projected its full-year revenue will rise 4% in 2012.