Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.
December 4, 2007GovernmentBusinessLogistics
Floods Close Stretch of I-5 in Northwest
Severe floods in the Pacific Northwest have closed a stretch of Interstate 5 until at least Thursday, news reports said.
December 5, 2007GovernmentBusinessSafety
Third-Quarter Productivity Jumps to 6.3%
U.S. worker productivity jumped to an annual rate of 6.3% in the third quarter from 2.2% the previous quarter, the Labor Department said Wednesday.
December 5, 2007GovernmentBusiness
Senate Votes 77-18 for Peru Trade Bill
The Senate voted 77-18 Tuesday for a U.S.-Peru free-trade agreement, opening the way for expanded economic ties with that country, the Washington Post reported Wednesday.
December 5, 2007BusinessSafetyGovernment
Trucking Revenue Tops $300 Bln., Census Bureau Says
Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.
December 4, 2007Business
Auto Sales Decline for November
U.S. automobile sales fell or were flat in November and an ongoing economic slump will continue to hurt U.S. auto sales in 2008, the Associated Press reported Tuesday.
December 4, 2007BusinessLogistics
Fenway Leads Acquisition of Logistics Firm
Private-equity firm Fenway Partners said Tuesday it has acquired a majority interest in East Coast Warehouse & Distribution Corp. and related companies, including Safeway Trucking Corp.
December 4, 2007FuelBusinessLogisticsGovernment
Diesel Drops 2.8瞽 to $3.416
The national average price of retail diesel fuel fell 2.8 cents from last weeks all-time record to $3.416 a gallon, the Department of Energy reported Monday.
December 4, 2007BusinessTechnologyEquipmentSafety
Landstar CEO Says Revenue, Volume Growing
Truckload carrier Landstar System will increase fourth-quarter revenue in the mid-single-digit range, Chief Executive Officer Henry Gerkens said in a conference call with investors, Bloomberg reported.
December 4, 2007Business
Railroad, Trucking Shares May Dip in 4Q, Analyst Says
J.P. Morgan transport analyst Thomas Wadewitz lowered his fourth-quarter earnings estimates for six major railroads by an average of 2.8% and cut his estimates for three truckload companies by an average of 8.7%, the Associated Press reported.
December 4, 2007