Diesel fuel fell 2.7 cents to $2.219 a gallon, continuing a 30-week downward trend and leaving it at the lowest level in nearly four years, the Department of Energy said Monday.
February 10, 2009BusinessLogistics
Expeditors’ 4Q Income Improves
Logistics firm Expeditors International of Washington said its fourth-quarter net income rose 11% to $77.7 million, or 36 cents a share, from $70.1 million, or 32 cents, a year ago.
February 10, 2009BusinessLogistics
Logistics Concerns Could Reduce Overseas Manufacturing
Companies are considering moving their manufacturing away from foreign countries as off-shore manufacturing costs increase, a survey released Monday said.
February 10, 2009GovernmentBusinessSafety
Vitran Reports Fourth-Quarter Loss
Vitran Corp. said Tuesday it lost $ $3.2 million, or 23 cents a share, compared with a profit of $1.7 million, or 12 cents, a year earlier.
February 10, 2009GovernmentBusinessFuel
Forward Air’s 4Q Income Drops
Forward Air Corp. said Tuesday its fourth-quarter earnings fell 33% to $8.3 million, or 29 cents a share, from $12.4 million, or 43 cents, a year ago.
February 10, 2009BusinessGovernment
FedEx Freight Cutting 900 Jobs
FedEx Freight, the less-than-truckload unit of FedEx Corp., will cut 900 jobs because of declining demand and aggressive pricing by competitors, Bloomberg reported Monday.
February 9, 2009BusinessEquipmentLogistics
APU Maker RigMaster Ceases Operations
RigMaster Power Corp., a Canadian manufacturer of auxiliary power units, has ceased all operations, according to a voice message on its telephone.
February 9, 2009Business
Pa. Anti-Idling Law Goes Into Effect
A law limiting the amount of time a truck can idle in Pennsylvania took effect Friday, the Associated Press reported.
February 9, 2009Business
ODFL to Increase Rates 5.6%
Less-than-truckload carrier Old Dominion Freight Line said it will increase its base rates by an average 5.6%, beginning next Monday.
February 9, 2009BusinessGovernment
New Jersey, Others Consider Fining Drivers Who Fail to Remove Snow From Vehicles
New Jersey is poised to adopt a law that would fine drivers who fail to clear snow and ice from their vehicle rooftops, while the District of Columbia and Connecticut are taking steps down a similar legislative path.
February 9, 2009