Truck stop chain Flying J Inc. said Monday it has filed for Chapter 11 bankruptcy reorganization, “to address near-term liquidity needs brought about by the precipitous decline in oil prices coupled with the disruption in the credit markets.â€
December 22, 2008BusinessLogisticsGovernmentTechnologyEquipmentSafety
Ryder Completes Logistics Acquisition
Ryder System said Tuesday it has completed its acquisition of a Canadian logistics firm with operations in China.
December 23, 2008Business
Old Dominion Lowers Earnings Forecast
Old Dominion Freight Line said Tuesday it is lowering its profit forecast due to difficult economic conditions.
December 23, 2008GovernmentBusiness
Third-Quarter GDP Fell 0.5%, Commerce Says
The U.S. economy contracted 0.5% in the third quarter, the Commerce Department said Tuesday in its final of three estimates.
December 23, 2008BusinessLogisticsGovernment
New, Existing ºÚÁϳԹÏÍø Sales Decline In November
Sales of both existing and new homes fell in November, the National Association of Realtors and the Commerce Department said Tuesday.
December 23, 2008BusinessGovernment
Consumer Confidence Improves in December
U.S. consumer confidence improved this month from its lowest level in 28 years, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Tuesday.
December 23, 2008Business
Love's Travel Stops Extends Agreement With Pegasus TransTech
Love’s Travel Stops and Country Stores has signed a 10-year extension to their agreement with Pegasus TransTech, a provider of the TRANSFLO Express document scanning network, Love's said last week.
December 22, 2008BusinessSafetyGovernment
DOT Signs I-95 Congestion-Relief Agreement
The Department of Transportation and the I-95 corridor coalition signed an agreement earlier this month to help relieve congestion on Interstate 95.
December 22, 2008BusinessFuelGovernment
FedEx Delays Delivery of Air Freighters
FedEx Corp. has delayed delivery of some Boeing Co. 777 freighter planes by as long as 17 months, due to a lag in shipments demand, Bloomberg reported.
December 22, 2008GovernmentBusinessSafetyFuel
Fuel Prices, Recession Make Grim Year for Trucking Industry
The world of trucking was turned upside down and shaken like a snow globe during 2008.
December 22, 2008