FedEx Corp. said it would raise shipping rates for its Ground and ºÚÁϳԹÏÍø Delivery units by a net average of 4.9%, effective Jan. 3.
December 3, 2010Business
FedEx to Raise Ground Rates 4.9%
Business
TNT to Spin Off Package Express Unit
TNT NV, the Netherlands-based package and mail delivery operator, said it would spin off Europe’s second-biggest express delivery service and keep the smaller mail division, Bloomberg reported.
December 3, 2010Business
Dynamex Accepts Bigger Buyout Offer as Greenbriar Outbids ‘Excluded Party’
Greenbriar Equity Group raised its offer to buy out parcel courier Dynamex to $24 a share from $21.50 a share after an unidentified investor topped Greenbriar’s original offer and nearly derailed the private equity fund’s takeover effort.
December 3, 2010Business
Feds Seek Comment on Truck Efficiency Rule
Federal regulators have officially opened the public comment phase of their first-ever regulations to set commercial truck fuel-efficiency and carbon-emission standards.
December 3, 2010Business, Equipment
ISM Services Index Expands in November
The U.S. economy’s service sector expanded at a faster pace in November, the Institute for Supply Management said Friday.
December 3, 2010Business
Factory Orders Fall in October
U.S. factory orders decreased 0.9% in October, the first drop in four months, the Commerce Department said Friday.
December 3, 2010Business, Logistics
Intermodal Traffic Gains 10.8% for Week
Intermodal traffic increased 10.8% last week from the same week last year, the Association of American Railroads reported.
December 3, 2010Business
Unemployment Rate Climbs to 9.8%, Payrolls Rise
The U.S. unemployment rate rose to 9.8% in November, while the total number of jobs and the number of trucking jobs increased, the Labor Department said Friday.
December 3, 2010Business
Patriot Transportation Sets 3-for-1 Stock Split
Tank and bulk carrier Patriot Transportation Holding said its board has approved a 3-for-1 stock split, effective in January.
December 2, 2010Business, Logistics
Swift IPO Set for This Month Could Top $1 Billion
Swift Holdings Corp. said it plans to raise as much as $1.01 billion in an initial public offering this month that could be the largest ever for a truckload fleet.
December 2, 2010