Weekly intermodal rail traffic jumped 20.2% last week, reaching the highest levels of the year, the Association of American Railroads reported.
August 6, 2010BusinessFuel
Diesel Price Gains 0.9¢ to $2.928 a Gallon
The U.S. diesel average price rose 0.9 cent to $2.928 a gallon last week, the second straight gain, but just the third increase in the past 12 weeks, the Department of Energy reported Aug. 2.
August 9, 2010Business
UPS to Build Healthcare Logistics Hubs in Singapore, China
UPS Inc. plans to open two health-care-logistics hubs in Singapore and China to tap rising regional demand for medical devices and drugs, Bloomberg reported Friday.
August 6, 2010Business
Navistar Execs Must Return Bonus Pay, SEC Says
Navistar Inc.’s top executive and its former finance chief will return more than $2 million in bonus pay to the company as part of a deal to settle federal charges of accounting misconduct.
August 6, 2010Business
Unemployment Rate Holds at 9.5%; Trucking Jobs Increase
The U.S. unemployment rate held at 9.5% in July as total payrolls fell, and the trucking industry’s payrolls jumped by almost 6,000, the Labor Department said Friday.
August 6, 2010Business
Postal Service Posts $3.5 Billion Quarterly Loss
The U.S. Postal Service lost $3.5 billion in its fiscal third quarter, more than $1 billion more than it lost in the same period a year ago, the Associated Press reported.
August 6, 2010Business
Senate Bill Would Allow Heavier Trucks
A trio of senators introduced a bill that would allow states to increase the maximum weight for trucks operating on their interstates beyond the federal limit of 80,000 pounds.
August 5, 2010Business
Roadrunner Reports 2Q Loss in First Public Statement
Roadrunner Transportation Systems, which went public in May, released its first public earnings statement, saying it posted a second-quarter loss, though its trucking sectors showed improvement.
August 5, 2010Business
Pacer Swings to Second-Quarter Profit
Transportation and third-party logistics firm Pacer International earned $1.4 million, or 4 cents a share, in the second quarter, turning around a loss of $7.3 million, or 21 cents, a year ago.
August 5, 2010BusinessFuel
Commercial Vehicle Group Reports 2Q Profit
Parts maker Commercial Vehicle Group said it earned $700,000 in the second quarter, turning around a $22.5 million loss from the same quarter last year.
August 5, 2010