FedEx Freight announced Friday it will raise shipping rates by 6.9% on July 9.
June 8, 2012BusinessAutonomous
Celadon to Buy Equipment From Hiner Transport
Celadon Trucking Services said it has agreed to buy a portion of the equipment owned by Hiner Transport LLC. Terms of the deal were not disclosed.
June 8, 2012BusinessFuelGovernment
U.S. Trade Deficit Narrows in April
The U.S. trade deficit shrank by 4.9% in April as a drop in imports more than offset the first exports decline in five months, the Commerce Department said Friday.
June 8, 2012Business
Wholesale Inventories Rise in April
Wholesale inventories rose 0.6% in April as sales increased, the Commerce Department said Friday.
June 8, 2012BusinessLogistics
Intermodal Traffic Rises 4.1% for Week
U.S. intermodal traffic rose 4.1% for the week ended Saturday from a year ago, the Association of American Railroads said.
June 8, 2012Business
Navistar Reports 2Q Loss; Names New Truck and Engine Chief
Navistar International Corp. reported a second-quarter loss and said company executive Troy Clarke will head its truck and engine operations, in a newly created position.
June 7, 2012BusinessFuel
Shell Sets Plan for LNG Fueling at TA Truck Stops
Shell Oil Co. said Thursday it has signed a memorandum of understanding with TravelCenters of America LLC to provide liquefied natural gas for heavy-duty trucks at TA travel plazas.
June 7, 2012Business
UPS, Teamsters Agree to Begin Contract Talks in September
The Teamsters union and UPS Inc. agreed this week to begin negotiations in late September on national UPS Inc. and UPS Freight contracts covering about 250,000 union members nationwide.
June 7, 2012BusinessLogistics
UTi Worldwide’s 1Q Profit Improves
UTi Worldwide’s fiscal first-quarter net income rose to $12.9 million, or 12 cents a share, from $8.7 million, or 8 cents, a year earlier.
June 7, 2012BusinessLogistics
Day Named CEO at American Fast Freight
Stephen Day was named CEO of American Fast Freight Inc., the logistics firm said.
June 7, 2012