FedEx Corp. Thursday reported a higher first-quarter profit from a year ago, but cut its full-year forecast by 4% due to overall economic volatility and high energy costs.
September 20, 2007Search
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European Heavy-Duty Truck Sales Booming
Sharply contrasting with the U.S. drop, sales of heavy-duty trucks are booming in Europe as many fleets buy new models early to reap government incentives to adopt new emission technology before it becomes mandated.
September 24, 2007
Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Crude Tops $83 in Latest Record
Crude oil hit a new closing record Thursday, its sixth in seven trading days, as a tropical depression formed in the Gulf of Mexico that was on track to make landfall near New Orleans, Bloomberg reported.
September 21, 2007Oil Rises Past $82 a Barrel
Crude oil futures continue to soar Wednesday, reaching a record $82.51 a barrel in early trading following a Department of Energy report that showed larger-than-expected inventory declines, Bloomberg reported.
September 19, 2007Crude Hits Another Record; Tops $81 Overnight
Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.
September 18, 2007Diesel Price Gains 3.1¢ to $2.924
The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.
September 17, 2007Fleet Directors Minimize Tires’ Cost
Tire wear and tear is inevitable, but carriers can minimize its effects by choosing high-quality materials and being rigorous about maintenance and checking correct air pressures, several fleet maintenance chiefs and tire manufacturers say.
September 17, 2007Diesel Jumps 4¢ to $2.964; Gas Falls 3.1¢ to $2.787
Diesel fuel’s national average price jumped 4 cents from last week to $2.964 a gallon, the Energy Department said Monday.
September 18, 2007Oil Closes Above $80 for First Time
Crude oil futures rose to a third record in three days Thursday, closing the trading day at more than $80 a barrel for the first time ever, Bloomberg reported.
September 13, 2007UPS Expands Air Service in Japan
UPS Inc. said it reached agreement with the U.S. State and Transportation Departments to expand its air operations to and from Japan.
September 14, 2007