Gasoline’s national average price rose by an average 3 cents over the past two weeks to $2.68 a gallon, slowing its recent increases, according to the latest Lundberg Survey of filling stations released Sunday.
November 9, 2009Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
FedEx to Buy 51 Hybrid Trucks
FedEx Corp. said that its FedEx Express subsidiary will purchase 51 new gasoline-electric hybrid step vans.
November 9, 2009ODFL Sets Improved Service to Canada
Old Dominion Freight Line said it is improving its Northwest gateway into Canada effective Monday, which will connect more than 65 of its service centers to Edmonton and Calgary, Canada.
November 9, 2009Frozen Food Express Cites 3Q Loss
Refrigerated carrier Frozen Food Express Industries lost $2.6 million, or 15 cents a share, in the third quarter, compared with net income of $1.4 million, or 8 cents, a year ago.
November 9, 2009TT Logistics 50: Firms Seek Ways to Cut Costs to Cope With Revenue Drop in 2009
Logistics service providers are adjusting as the global economic downturn has caused many companies to curtail production and reduce inventories, stalling the longtime trend of expanding international trade, thereby reducing demand for transportation services in North America.
November 9, 2009Navistar Opposes Request by EPA to Delay Lawsuit
Navistar Inc. last week opposed the U.S. Environmental Protection Agency’s request to stop action on the truck maker’s lawsuit against the agency, which said it needed time to review its guidance on 2010 emissions regulation.
November 9, 2009TravelCenters of America Reports Third-Quarter Loss
Truck stop chain TravelCenters of America said Monday it lost $12.2 million, or 73 cents per share, compared with a profit of $16.7 million, or $1.08, a year ago.
November 9, 2009Air Freight Demand Begins Picking Up, But Experts Predict a Slow Recovery
Air freight carriers appear to be pulling out of a steep dive caused by the global economic downturn over the past year, but company executives and industry observers said they expect the recovery to be slow and uneven.
November 9, 2009Gasoline Price Increase Slows
Buffett Bids for BNSF Corp.
Investor Warren Buffett made a dramatic bid to buy the Burlington Northern Santa Fe Corp., the largest U.S. railroad, in a move valued at $44 billion and intended to capitalize on future economic growth and intermodal’s potential.
November 9, 2009Logistics Scorecard
Consistent with the notion that every cloud has a silver lining, achievers in the logistics business are finding opportunities in difficult times.
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