Diesel prices on Monday edged back from record levels, falling 1.5 cents to $3.410 a gallon, the Department of Energy reported.
November 19, 2007Search
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NITL President Ficker Resigns
John Ficker, president of the National Industrial Transportation League, will step down at the end of November, NITL said Monday.
November 19, 2007
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Fenway Partners Acquires Consolidated Fastfrate
Private Equity firm Fenway Partners, New York, N.Y., said Monday it acquired Canadian transportation firm Consolidated Fastfrate.
November 19, 2007U.S. Shipments to Mexico, Canada Hit Record in 2006
The value of U.S. Freight Shipments to Canada and Mexico in 2006 rose to a record $866 billion from $790 billion in 2005, the Department of Transportation’s Bureau of Transportation Statistics said Monday.
November 19, 2007FedEx Slashes Earnings Forecast
Parcel carrier FedEx on Friday cut its second-qaurter and full-year earnings forecasts, citing skyrocketing diesel prices and a weak LTL environment.
November 16, 2007UPS Executive Urges Shippers To Back Taxes for Infrastructure
ATLANTA — UPS Inc.’s incoming chief financial officer told shippers here what freight carriers have long heard: The U.S. transportation network is so clogged — and getting worse — that Congress must create an infrastructure improvement plan and pay for it with dedicated taxes on the system’s users.
November 19, 2007Class 8 Truck Sales Drop 53.1% In Oct. on Weak Freight Market
Heavy-duty retail truck sales in the United States fell 53.1% in October, the sixth straight month in which sales fell 50% or more below 2006 levels, according to WardsAuto.com.
November 19, 2007Diesel Jumps to $3.425
U.S. diesel fuel prices rose another 12.2 cents last week to $3.425 a gallon, the second consecutive record high and the eighth increase in the past nine weeks, the Department of Energy said.
November 19, 2007CFI Raises Driver Pay
Contract Freighters Inc., Joplin, Mo., said it will raise pay for all drivers by 1 cent per mile.
November 16, 2007Transportation Spending Bill Clears House
The House of Representatives has approved a transportation spending bill that would bar Mexican trucks from operating in the U.S., Bloomberg News reported.
November 15, 2007