FedEx Corp. said Tuesday that it is in discussions to potentially acquire Tatex, a French express transportation company.
April 17, 2012BusinessFuel
Obama Calls on Congress for More Regulation of Oil Markets
President Obama urged Congress to bolster federal supervision of oil markets, including bigger penalties for market manipulation and more power for regulators, Bloomberg reported.
April 18, 2012BusinessLogistics
CSX Reports Gains in 1Q Income, Revenue
CSX Corp. on Tuesday said its first-quarter earnings rose on higher volume, pricing gains and fuel recovery.
April 17, 2012GovernmentBusiness
DOT to Undertake Heavy-Truck Study
The Department of Transportation will seek assistance from state agencies in a study of the safety performance of overweight heavy trucks — those that run heavy both with permits and those that run overweight illegally.
April 17, 2012GovernmentBusiness
Kansas Repealing Property Tax on Trucking Equipment
Kansas Gov. Sam Brownback signed legislation that as of 2014 repeals the state’s 56-year-old property tax on trucks, tractors and trailers.
April 17, 2012Business
Heartland Express Reports Higher 1Q Profit
Truckload carrier Heartland Express on Tuesday said its first quarter profit rose to $16.6 million, or 19 cents per share, from $14.9 million, or 16 cents, a year ago.
April 17, 2012BusinessFuel
Frito-Lay Adding Natural Gas Trucks to Fleet
Frito-Lay on Tuesday said it is adding 67 compressed natural gas trucks to its private fleet, the New York Times reported.
April 17, 2012BusinessGovernmentLogisticsAutonomous
Navajo Express Expands Dry Van Operations
Navajo Express said it has expanded the operations of its dry van division, Digby Truck Lines, between the California coast and the Pacific Northwest.
April 17, 2012Business
Industrial Production Unchanged in March
Industrial production remained unchanged in March for a second month, the Federal Reserve said Tuesday.
April 17, 2012Business
Housing Starts Fall 5.8% in March
Housing starts dropped 5.8% in March to a five-month low, the Commerce Department said Tuesday.
April 17, 2012