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I-10 Gas Fire Sparks Extended Delays in Louisiana

The head of the Louisiana state trucking association said that shippers and freight transporters should expect major delays after a part of Interstate 10 was closed in the wake of a natural gas fire.

November 19, 2007

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, 2007

Gas Rises Nearly 13 Cents in Two Weeks, Lundberg Says

The average price of regular gasoline jumped 12.9 cents in the past two weeks, according to the latest Lundberg Survey of filling stations released Sunday.

November 19, 2007

U.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, 2007

Diesel Slips 1.5 Cents to $3.410

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, 2007

FedEx 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, 2007

UPS 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, 2007

Class 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, 2007

Diesel 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, 2007