Inland Global Leasing

After several weeks of increases, average U.S. diesel prices returned lower this week, dipping less than a penny to $2.608 a gallon. Over the previous weeks, the price had increased more than 43 cents, according to the U.S. Department of Energy.The average price of a gallon of diesel is $2.037 less than a year ago when prices jumped to close to $5 a gallon. Currently least expensive region is the Midwest at $2.569, and the most costly is California at $2.785.

Mack Trucks Inc. announced, June 25, the company will move forward with its previously announced plan to consolidate production of its entire product line at its assembly facility in Macungie, Pa.The company says the plan involves transferring assembly of Mack highway vehicles from the plant in Virginia’s New River Valley to Macungie, where Mack’s construction and refuse trucks are assembled, to take advantage of efficiencies arising from consolidated assembly, as well as to create a brand-unique environment for Mack customers.

Wyoming is considering converting Interstate 80 to a toll road. Wyoming’s Department of Transportation says tolls are needed to cover projected shortages in revenue for highway maintenance and for adding a third lane in each direction, an idea that hasn’t been developed yet.

Thirty-six states were awarded nearly $140 million in additional federal aid this week to assist 249 transportation improvement projects, the U.S. Department of Transportation announced, June 24.

In these economic conditions we are still funding transactions for over the road owner operators, and fleets.