Intermodal traffic rose 4.3% last week from a year ago, the Association of American Railroads reported.
June 24, 2011Business
FedEx 4Q Earnings Rise 33% on Resurgence of LTL Unit
FedEx Corp.’s earnings jumped 33% in its fiscal fourth quarter, led by a return to profitability at its less-than-truckload FedEx Freight unit after six consecutive quarters of losses.
June 27, 2011Business, Fuel, Government
Diesel Dips 0.4¢ to $3.95 a Gallon; DOE to Open Strategic Petroleum Reserve
The average price of a gallon of retail diesel dipped for the sixth time in the past seven weeks, even before 28 nations agreed June 23 to release 60 million barrels of crude oil from their strategic reserves in a bid to drive fuel prices lower around the world.
June 27, 2011Business, Logistics
Intermodal Traffic Rises 4.3% For Week
Business
Durable Goods Orders Rise 1.9% in May
Durable goods orders rose 1.9% in May, the Commerce Department said Friday.
June 24, 2011Business
APL Logistics Deploys 53-Foot Containers in North America
APL Logistics has begun to deploy its own fleet of 53-foot containers in the North American domestic intermodal market.
June 24, 2011Business
Ryder Gets Anti-Terrorism Certifications
Ryder System announced it has received three anti-terrorism certifications for its Asia and Trans-Pacific logistics operations.
June 24, 2011Business
Opinion: The Silver Bullet
In April, President Obama, while discussing his concerns regarding the record high cost of fuel, stated there was no “silver bullet” to bring down the price of gasoline or cure the U.S. addiction to oil.
June 24, 2011Business, Fuel
Oil Falls to 4-Month Low Near $91 a Barrel; U.S. To Tap Strategic Petroleum Reserve
Oil fell more than $4 to a four-month low near $91 a barrel Thursday after the U.S. government said it would tap the Strategic Petroleum Reserve as part of an international effort to boost supplies, Bloomberg reported.
June 23, 2011Business, Equipment
Michelin North America Chairman Wilkerson to Retire
Michelin North America said Thursday that its chairman, Richard Wilkerson, will retire by year’s end. He will be succeeded by Pete Selleck.
June 23, 2011Business
N.C. Diesel, Gasoline Taxes to Rise 2.5 Cents in July
Motor carriers filling up in North Carolina will be paying 2.5 cents more in diesel taxes beginning July 1.
June 23, 2011