Trailer manufacturer Wabash National said it is planning to construct a $25 million trailer manufacturing plant in Franklin, Ky. as part of a new cost-savings initiative.
February 29, 2008Business, Logistics
Norfolk Southern Opens Ohio Intermodal Terminal
Norfolk Southern Corp. said it opened a new intermodal terminal near Columbus, Ohio.
March 4, 2008Business, Logistics
Wright Express Completes Pacific Pride Acquisition
Wright Express Corp., which provides payment processing and information management services to fleets, said Monday it completed its $32 million acquisition of privately held Pacific Pride Services.
March 3, 2008Business, Logistics
Wabash Sets Plans for New Trailer Plant
Business, Safety, Government, Logistics
TransForce's 4Q Income Falls on Goodwill Charge
Canadian transportation firm TransForce Income Fund said Thursday it lost C$30.8 million, or 36 cents a share, in the fourth-quarter as a result of a C$56 million write-off of goodwill associated with the Fund’s Oilfield Services division.
February 28, 2008Business, Logistics, Government
Teamsters, DHL Reach Tentative Pact
The Teamsters union said Wednesday its national negotiating committee reached a tentative agreement on an agreement with package carrier DHL.
February 27, 2008Business, Logistics
Contrans’ 4Q Profit Dips Slightly
Canadian firm Contrans Income Fund said Wednesday its fourth-quarter income was C$7.5 million, or 31 cents per unit, compared with C$7.8 million, or 31 cents, a year ago.
February 27, 2008Government, Business, Logistics
Schenker Chairman Hagar Resigns
Hans-Jörg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.
February 26, 2008Government, Business, Safety, Fuel, Logistics
Diesel Jumps 15.6¢ to a Record $3.552 a Gallon
The national average price of diesel fuel jumped 15.6 cents to a record $3.552 a gallon, shattering the previous mark set three months ago by 10.8 cents, the Department of Energy said Monday.
February 26, 2008Business, Logistics
Existing ºÚÁϳԹÏÍø Sales Decline
Existing homes sales fell to the lowest level in nine years in January, the National Association of Realtors said Monday.
February 25, 2008Business, Fuel, Logistics, Government
Fuel Jumps 11.6¢ to $3.396
U.S. retail diesel prices soared 11.6 cents last week to a national average of $3.396 a gallon, the highest level since early December, the Department of Energy reported.
February 25, 2008