Oil fell slightly Friday but finished the trading week over $86 a barrel to the New York Mercantile Exchange, Bloomberg reported.
February 18, 2011Business
Recent Surge in Orders for New Trucks Expected to Slow in 2011, Experts Say
CORAL GABLES, Fla. — The recent surge in heavy-duty truck orders will slow as the buying focus shifts from better-capitalized large fleets to smaller carriers that may not be able to afford as much new equipment, industry experts said.
February 21, 2011Business
FedEx Lowers 3Q Forecast Due to Weather, Fuel Costs
Severe winter weather, along with rising fuel prices, are taking a toll on some freight companies, prompting FedEx Corp. to reduce its earnings forecast for its current quarter by 25 cents a share.
February 21, 2011BusinessFuel
Diesel Jumps 2.1¢ to $3.534 for 11th Straight Increase
The U.S. diesel average rose for the 11th straight week, this time by 2.1 cents a gallon, to $3.534, the Department of Energy said, making for an 11.8% increase since the end of November.
February 21, 2011BusinessLogistics
England Logistics Buys Software Company
England Logistics said Tuesday it bought software maker TMS Technologies for an undisclosed sum.
February 18, 2011BusinessLogistics
Two Logistics Providers Expand Through Acquisitions
Two logistics companies expanded through acquisitions, with a Philadelphia freight forwarder buying parts of two California firms and a Detroit-area company buying a Spanish firm.
February 18, 2011BusinessGovernmentLogistics
ATA, Port of L.A. File Final Court Briefs Over Use of Owner-Operators
American Trucking Associations and the Port of Los Angeles have completed filing written legal arguments over the port’s attempted ban on independent owner-operators.
February 18, 2011Business
TravelCenters’ 4Q Loss Narrows
TravelCenters of America said Friday its fourth-quarter loss declined from a year ago.
February 18, 2011Business
‘Undercover Boss’ to Feature Mack’s CEO Denny Slagle
Denny Slagle, CEO of Mack Trucks, will be featured on the television program “Undercover Boss” this Sunday, Feb. 20.
February 18, 2011BusinessLogistics
Intermodal Traffic Rises 18.5% for Week
A week after its first decline in a year, intermodal traffic rose 18.5% last week from a year ago, the Association of American Railroads reported.
February 18, 2011