For 6th week in a row, DOE/EIA benchmark diesel price drops

Retail diesel prices have continued their downward march, with the benchmark used for most fuel surcharges dropping for the sixth week in a row. The Department of Energy/Energy Information Administration price declined 3.5 cents a gallon, to $4.247. It was the sixth consecutive week the price had declined, falling 21.2 cents a gallon during that…

Zim Q4 results surprise to upside but 2023 ‘extremely challenging’

Zim, the world’s 10th-largest ocean carrier, announced a big earnings beat for the fourth quarter and paid out a higher-than-expected dividend. However, it faces a tough year ahead, with a chance of at least some quarters in the red. The company’s shares (NYSE: ZIM) surged Monday on news of the earnings beat, jumping as much…

Navistar recall focuses for 3rd time on parking brake issue

Navistar Inc. is reliving for a third time a recall of medium- and heavy-duty trucks experiencing engine revving that can overwhelm the parking brake and lead to unintended movement. The Lisle, Illinois-based manufacturer and Traton Group subsidiary is recalling nearly 30,000 International HV and MV trucks from the 2022-24 model years, and IC Bus TC…