Truck stop chains Pilot Travel Centers LLC and Flying J Inc. have agreed to a merger that would combine two of the largest U.S. truck stop chains and provide a framework for Flying J to emerge from Chapter 11 bankruptcy.
July 14, 2009Business, Government
New York Manufacturing Index Improves in July
Manufacturing activity in the New York region contracted at the slowest pace in more than a year, the Federal Reserve Bank of New York said Wednesday.
July 15, 2009Business, Logistics
Yucaipa Cos. Acquires 49% Stake in Eimskip Cold Storage Business
The Yucaipa Cos., a private equity firm, bought a 49% stake in Versacold International Corp., an operator of temperature-controlled warehouses, from Icelandic shipping and logistics company Hf. Eimskipafelag Islands, or Eimskip.
July 15, 2009Business, Safety, Government
ATA Testifies on Concerns About Climate-Change Legislation
An American Trucking Associations official told a Senate committee Tuesday that climate-change legislation would impose significant costs on American consumers.
July 14, 2009Business, Fuel, Logistics
CSX Profit Falls 20% in Second Quarter
Freight railroad CSX Corp. said its second-quarter profit fell 20% as fuel surcharges and shipments dropped.
July 14, 2009Business, Fuel
Diesel Drops 5.2¢ to $2.542 in Third Straight Decline
Diesel fell for a third straight week, dropping 5.2 cents to $2.542 a gallon, the Department of Energy said.
July 14, 2009Business, Government
Business Inventories Fall 1%
Business inventories fell 1% in May, marking the ninth consecutive decline, the Commerce Department said Tuesday.
July 14, 2009Fuel, Business, Government
Retail Sales Rise 0.6% in June
Retail sales rose 0.6% in June, led by gains in automobile and fuel purchases, the Commerce Department said Tuesday.
July 14, 2009Business, Fuel, Government
Producer Price Index Rises 1.8%
Prices paid to U.S. producers jumped 1.8% in June, led by higher fuel costs, the Labor Department said Tuesday.
July 14, 2009Business, Logistics
CEVA Recruits Ryan as First COO
CEVA Logistics has appointed Matthew Ryan its first chief operating officer, the company announced on July 2. He will manage the company’s global operations team and be responsible for global procurement, CEVA said.
July 14, 2009