Transportation
Freight Shipping Costs Fall Less Than 1 Percent
TORONTO --New results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers decreased by 0.6 percent in July from the month before, following increases the previous two months.
GM, Navistar Sign Medium-Duty Truck Agreement
DETROIT and LISLE, IL -- General Motors Co. (GM) and Navistar announced Wednesday they have reached a long-term agreement to develop and assemble future medium-duty, conventional cab Class 4/5 commercial vehicles. According to a news release, the alliance allows Navistar to strengthen its product lineup and GM to expand its Chevrolet commercial truck portfolio. The future products will be jointly developed using Navistar's expertise in rolling chassis configurations and manufacturing capabilities, and GM's commercial components and engines. The vehicles are slated for production in 2018. GM offered medium-duty trucks for decades before getting out of the business in 2009 in the midst of its bankruptcy reorganization and the recession. That decision followed the death of a deal for Navistar to buy GM's medium-duty business.
Record Low Out-of-Service Numbers Hit During Roadcheck
GREENBELT, MD -- The annual North American-wide truck inspection blitz held this past summer produced the lowest out-of-service rates on record when it comes to the toughest vehicle and driver inspections. According to numbers released Tuesday by the Commercial Vehicle Safety Alliance, which organizes the annual International Roadcheck, there were 69,472 total truck and bus inspections June 2-4.
Diesel Prices Remain at Multi-Year Lows
LONDON, ON AND WASHINGTON, D.C. -- The trend of lower diesel prices continues in both Canada and the U.S. while gasoline has edged a bit higher here at home. The average cost of the distillate fuel fell $0.004 over the past week to $1.021 per liter, hitting its lowest level since September 2010, according to the latest figures from the petroleum information services provider The Kent Group.
Briley Named Fontaine Commercial Platform Trailer President
HALEYVILLE, AL - The trailer manufacturer Fontaine has named Alan Briley as president of its Fontaine Commercial Platform business. Briley joined Fontaine in October of 2010 as a regional vice president of sales. His previous experience includes nine years at Trailer Sales of Tennessee, five years with Hendrickson and four years at Aero Industries.
