The Port of Los Angeles said its import container volume rose 6% in June from a year ago.
July 18, 2012Business
Housing Starts Rise to Highest Level Since 2008
Housing starts rose 6.9% in June to the highest level in almost four years, the Commerce Department said Wednesday.
July 18, 2012BusinessLogistics
CSX Reports Higher 2Q Income
CSX Corp.’s second-quarter earnings rose as growth in container-car shipments eased the effects of sliding coal volumes, Bloomberg reported.
July 18, 2012Business
Marten’s 2Q Profit Improves
Marten Transport’s second-quarter profit rose on higher truckload and logistics revenue, the truckload carrier said.
July 18, 2012Business
Peterbilt Begins Building Model 579
Peterbilt Motors Co. on July 10 announced it is now producing its new Model 579 truck, launched at the Mid-America Trucking Show in March.
July 18, 2012Business
Trucking, Business Groups Form Coalition to Oppose Toll Hikes on N.Y. Thruway
Twenty-two business groups have formed a coalition to oppose the 45% toll increase for trucks proposed by the New York State Thruway Authority.
July 17, 2012Business
Retail Groups Urge Ports, Labor to Reach Agreement
The National Retail Federation called on both sides involved in labor talks at ports on the East Coast and Gulf Coast to reach an agreement without a work stoppage, which would force diversions and delays of cargo.
July 17, 2012GovernmentBusinessEquipment
Senate Nixes Bonus Depreciation Bill
The Senate has rejected a bill that would have brought back the bonus depreciation tax deduction for capital spending, a proposal backed by American Trucking Associations.
July 17, 2012BusinessFuel
Diesel Rises 1.2¢ to $3.695; Gasoline Gains for Second Week
Diesel rose for the second week in a row, rising 1.2 cents to $3.695 a gallon while gasoline also increased, the Department of Energy said.
July 17, 2012Business
J.B. Hunt’s 2Q Income Improves
J.B. Hunt Transport Services said its second-quarter net income rose from a year ago as operating income at three of its four business segments each rose more than 20%.
July 17, 2012