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YRC Changes Logistics Unit’s Name; Will Buy Chinese Firm

YRC Worldwide said that it has changed the name of its logistics unit Meridian IQ to YRC Logistics, and that it has entered into a preliminary agreement to buy a big Chinese logistics and trucking company.

June 27, 2007

CTA Cites Border Concerns

The Canadian Trucking Alliance said it sees some positives in the U.S. cross-border passport rules, but still has concerns about the implications for cross-border truck traffic between the United States and Canada.

June 22, 2007

Diesel Rises 1.3¢ to $2.805; Gas Falls to Just Over $3

Diesel fuel’s national average retail price rose 1.3 cents $2.805 a gallon, while gasoline fell 6.7 cents but remained just over $3, the Department of Energy said Monday.

June 19, 2007

Diesel Dips 0.7¢ to $2.792; Gas Plunges 8.1¢ to $3.076

Diesel fuel’s national average retail price dipped 0.7 cent $2.792 a gallon and gasoline's pump price plunged, the Department of Energy said Monday.

June 12, 2007

Letters to the Editor: Double Brokering, Gasoline Prices

I believe the Transportation Intermediaries Association should solve the problem of “double-brokering” before trying to convince regulators to allow third-party logistics providers to join the Customs-Trade Partnership Against Terrorism.

June 8, 2007

Hub Group Buys Intermodal Firm

Third-party logistics company and freight broker Hub Group said it will acquire the assets of Interdom Partners, an intermodal marketing company, for $26 million.

June 7, 2007

Norfolk Southern Plans $2 Bln. Rail Corridor

Eastern freight rail line Norfolk Southern Corp. plans to build a rail corridor costing more than $2 billion from Louisiana to the Northeast that it said would speed shipments and reduce truck freight, the Associated Press reported.

June 7, 2007

Menlo Buying Asian Logistics Firm

Con-way Inc. unit Menlo Worldwide and Cougar Logistics Corp. said Thursday they have signed an agreement under which Menlo will purchase Cougar for $33.9 million.

June 7, 2007

Dynamex Reports Higher 1Q Earnings

Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit rose to $3.5 million or 32 cents a share, from $3.2 million or 29 cents a year earlier.

June 7, 2007