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Mike Weindel appointed president of Dupré Logistics

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Dupré Logistics operates approximately 750 trucks, employs over 1,100 professional drivers, and has established a network of 10,000 preferred carriers for its Strategic Capacity Services group and Dupré operates from hubs near major metropolitan areas and serves all of the contiguous 48 states and parts of Canada and Mexico. (Courtesy: Dupré Logistics)

LAFAYETTE, La. — Mike Weindel has been appointed as president of Dupré Logistics effective June 1.

Reggie Dupré will continue to focus on his role as CEO, working closely with the entire executive team.

MIKE WEINDEL

“I have tremendous respect for Mike Weindel. He is being promoted to assure we live out our values, pursue our vision and deliver our mission as we continue to grow the company,” said Dupré said. “His leadership roles and experience in asset operations, human resources, risk management, dedicated and brokerage businesses have prepared him well to be a leader at Dupré Logistics.”

Weindel has more than 20 years’ experience in the transportation and logistics industry.

He joined Dupré Logistics in July 2016 as vice president of strategic capacity services.

Dupré said that Weindel’s strengths in team building, developing and promoting good leaders and building a high-performance, people-focused culture played important roles in the decision to appoint him as president of the company.

“Dupré Logistics’ motto of ‘always forward thinking’ along with our vision to become ‘the Ideal Place to Work’ has been an inspiration to me and goes to the core of who we are as a company. Working with and learning from Reggie and his great team has been a privilege,” Weindel said. “I am incredibly honored, humbled and energized to help lead the company into the next phase of forward thinking.”

For more information about Dupré Logistics, go to www.duprelogistics.com.

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Average on-highway gallon of diesel up 1.6 cents, but crude oil up 12.97%

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The average price of a gallon of on-highway diesel for the week ending September 16 was 28.1 cents lower than the comparable week in 2018. (The Trucker file photo)

WASHINGTON — The average on-highway price of a gallon of diesel rose 1.6 cents a gallon to $2.987 for the week ending September 16, according to the Energy Information Administration of the Department of Energy.

It was the first weekly increase since the week ending July 8 when the price went up 1.3 cents a gallon to $3.055.

What, if any, impact did the attack on the Saudi oil facility have on the price this week is hard to determine since the attack occurred only early last Saturday.

“Our team is keeping a close eye on the impact of the Saudi oil fire on the diesel market,” said a spokesperson for Pilot Flying J. “We have already seen the market react, but it’s too early to predict the extent of the impact. Our No. 1 priority remains getting our guests from point A to point B as quickly and conveniently as possible.”

The price of West Texas Intermediate crude rose 12.97% to $61.93 Monday.

All regions of the country increased with the exception of the Central Atlantic States (New York, Pennsylvania, Maryland, Delaware and New Jersey) where the price dropped nine tenths of a penny to $3.013.

The largest increase was in the West Coast minus California at 3 cents top $3.161. The next largest increase was 2.6 cents in the overall West Coast region (California, Arizona, Nevada, Oregon and Washington) and the Rocky Mountain states (Colorado, Utah, Wyoming, Idaho and Montana.

The price for the week ending September 16 was 28.1 cents lower than the comparable week in 2018.

For a complete list of prices by region for the past three weeks, click here.

 

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DOT’s freight transportation index rises to new all-time high in July

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The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles, which are combined into one index. (The Trucker file photo)

WASHINGTON — The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.9% in July from June, rising to a new all-time high after declining for two consecutive months, the Department of Transportation’s Bureau of Transportation Statistics’ (BTS) said Thursday.

From July 2018 to July 2019, the index rose 2.9% compared to a rise of 6.0% from July 2017 to July 2018.

The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles, which are combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight. The TSI is seasonally-adjusted to remove regular seasons from month-to-month comparisons.

The BTS said the Uly increase was broad based with increases in rail carloads, rail intermodal, trucking, pipeline and air freight. There was a small decline in water transportation.

The TSI increase took place against a background of mixed results for other indicators.

The Federal Reserve Board Industrial Production Index declined in July, reflecting decreases in mining and manufacturing and an increase in utilities. Personal income increased by 0.1%, while housing starts declined by 4.0%. The Institute for Supply Management Manufacturing index decreased 0.5 points to 51.2, indicating continued but slowing growth.

The BTS said despite small decreases in both May (-0.1%) and June (-0.3%), the July index was 0.6% over its April level and 0.2% over its previous record high in November 2018.

The record high level was reached even though the index increased in only four of the eight months since November. From a low point in March 2016, the index climbed 12.8% until reaching a new high in May 2018. From that point, the index has exceeded its levels in all months prior to May 2018. The July 2019 index was 46.6% above the April 2009 low during the most recent recession.

For-hire freight shipments in July 2019 (139.0) were 46.6% higher than the low in April 2009 during the recession (94.8). The July 2019 level reached its all-time high.

For-hire freight shipments measured by the index were up 2.1% in July compared to the end of 2018.

For-hire freight shipments are up 15.4% in the five years from July 2014 and are up 41.4% in the 10 years from July 2009.

 

 

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Class 8 sales up in August, but figures indicate forecast slowdown coming

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International has posted the best year-to-gain in Class 8 sales with a 28.9 increase. (Courtesy: NAVISTAR)

SOUTHFIELD, Mich. — It appears that the much-discussed prospective chink in the armor of a two-year upward trend of new Class 8 truck sales is now visible.

Wards Intelligence reported Wednesday that August sales of 23,466 was a 6.7% decline from July’s sales of 25,164, but perhaps more significantly, it marked the first time in the past 25 months that sales had not exceed the figure for the comparable month in the previous year.

The streak began in July 2017 when sales were 8.7% higher than July 2016. July sales in 2019 were 21.9% higher than sales in July 2018.

Still in place is a streak of 20 consecutive months where the year-to-date sales has been higher than the same period the previous year, although that percentage has declined in each of the past three months.

Year-to-date sales of 183,462 in 2019 are up 18.7% over the same period in 2018 when sales had totaled 154,587.

Only two OEMs posted month-over-month gains in August. Volvo sales of 2,563 were 3.1% higher in August when 2,486 units were sold. Cousin Mack Trucks posted a 3% gain over July with sales of 1,773 in 2019 compared to 1,722 in July.

The largest month-over-month decline was 15.1% at Freightliner, although the Daimler Trucks North America product continues to hold the top position in market share at 35.6% with sales of 66,937. The next closest OEM is Peterbilt at 15.1%

As would be expected with year-to-date sales comparisons, all OEMs are ahead of 2018. International leads the parade at 28.9% (sales of 26,635 versus 20,663) followed by cousins Kenworth (21.2%) and Peterbilt (20.3%)

 

 

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