Volvo Trucks North America said Friday it has reached tentative agreement with the United Auto Workers union on a new, five-year agreement for workers at its New River Valley heavy-duty truck plant in Dublin, Va.
March 18, 2011Business
FedEx Profits Down 3% in Third Quarter on Winter Weather, High Fuel Costs
Global economic improvement allowed FedEx Corp. to pull in 11% more quarterly revenue, but the carrier saw its net income drop by 3%, as it had to battle severe winter weather, soaring fuel costs and $43 million of integration costs at its less-than-truckload unit.
March 21, 2011BusinessFuel
Diesel Reaches $3.908 a Gallon
The average price of U.S. retail diesel rose for the 15th consecutive week, bumping up another 3.7 cents to $3.908 a gallon, nearly $1 higher than the comparable week of last year, according to the Department of Energy.
March 21, 2011Business
AutoInfo’s Profit Doubles in 2010
Third-party logistics provider AutoInfo said its 2010 earnings rose to $3.1 million, or 9 cents a share, from $1.4 million, or 4 cents, the year before.
March 18, 2011BusinessGovernmentSafetyAutonomous
Supply Chains May Not Be Disrupted by Japan Turmoil, U.S. Truck Makers Say
Several truck makers and industry suppliers said their facilities sustained some damage from the March 11 earthquake in Japan, but they were not expecting it to result in significant supply disruptions to North America.
March 18, 2011BusinessLogistics
RWI Transportation Opens Terminal in Dallas
RWI Transportation, an asset-based logistics company, said March 10 it opened a new terminal in Dallas to improve its access to the western United States.
March 18, 2011Business
Daimler Forecasts Continued Strong Truck Demand for 2011
Daimler AG booked more truck orders than anticipated in the first two months of this year, underscoring its forecast of “significant” market growth in 2011, Bloomberg reported Friday.
March 18, 2011BusinessLogistics
Intermodal Traffic Grows 6.5% for Week
Intermodal traffic rose 6.5% last week from a year ago, the Association of American Railroads said.
March 18, 2011BusinessFuel
Oil Closes Above $100 a Barrel
Crude oil closed above $100 Thursday after staying below that price for two days, Bloomberg reported.
March 18, 2011GovernmentBusiness
Leading Economic Indicators Improve 0.8%
An index of leading economic indicators rose 0.8% in February, the eighth straight monthly increase, the New York-based Conference Board said.
March 18, 2011