U.S. intermodal traffic rose 6.5% last week over the same week last year, the Association of American Railroads reported.
September 7, 2012BusinessFuel
Diesel Increases 3.8¢ to $4.127, for Ninth Consecutive Gain
Retail average diesel fuel prices rose 3.8 cents last week to $4.127 a gallon — the ninth straight increase — the Department of Energy reported, as the oil industry in the Gulf Coast dealt with the aftermath of Hurricane Isaac.
September 10, 2012Business
Unemployment Rate Drops to 8.1%; Trucking Adds 1,400 Jobs
U.S. employers added 96,000 jobs in August, and the unemployment rate fell to 8.1%, from 8.3% a month earlier, the Labor Department said Friday.
September 7, 2012BusinessFuel
DEF Price Rose 7¢ in August
The average U.S. pump price of diesel exhaust fluid rose 7 cents to $2.77 a gallon in August from July, Integer Research reported.
September 7, 2012BusinessLogistics
Descartes Systems’ Fiscal 2Q Profit Dips
Trucking and logistics management provider Descartes Systems Group’s second-quarter net income fell from a year ago.
September 7, 2012Business
FHWA Gives Louisiana $3.5 Million for Isaac Repairs
The Federal Highway Administration has released $3.5 million to help repair Louisiana highways damaged by Hurricane Isaac.
September 7, 2012BusinessLogistics
3PL Wheels Group to Buy Broker, Forwarder MSM
Third-party logistics provider Wheels Group Inc. has signed an agreement to acquire freight broker and forwarder MSM Group of Cos. for $18.8 million in cash and stock.
September 7, 2012Business
East, Gulf Dock Contract Talks to Resume This Month
Stalled labor negotiations between the International Longshoremen’s Association and management negotiator United States Maritime Alliance will resume the week of Sept. 17, the Federal Mediation and Conciliation Service said Thursday.
September 6, 2012Business
Navistar Reports Lower 3Q Profit, Will Review Noncore Business Units
Navistar International Corp. said Thursday that its fiscal third-quarter profit fell from a year ago and it was reviewing its noncore businesses. It also outlined a cost-reduction plan, including job cuts.
September 6, 2012Business
Wright Express to Buy Fleet One for $369 Million
Payment processing and information management services provider Wright Express said it will buy fuel-card provider Fleet One for $369 million.
September 6, 2012