Overdrive Extra: Page 72

Overdrive Extra

Watch how fast fuel prices don’t change

The economy might be bumpier than I-10 in Louisiana, but according to the feds, diesel fuel prices are in for a long, stable ride.   “The EIA expects diesel prices to average $2.27 per gallon for all of 2009,” says the Energy Information Administration. EIA’s latest average price is $2.30 per gallon.   OK … […]

January 22, 2009

Overdrive Extra

Freight’s swan dive

December data is in from Cass Information Systems, and it looks like the year ended on a grand whimper.      After a modest pick-up during the first half of 2008, freight expenditures and shipments dropped in the second. The final months took an increasingly steep freefall, as you can see from the Cass chart:   www.cassinfo.com/frtindex.html […]

January 20, 2009

Sponsor Content

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March 24, 2025

Overdrive Extra

Take that job and love it

Last year saw 3,065 carriers of at least five trucks go out of business, according to Avondale Partners, a financial group that does a widely reported count of fleet closures. That’s 766 per quarter.             So the bright spot? That only 375 carriers bit the dust in the fourth quarter, notes Economist Bob Costello in […]

January 12, 2009