Oil rose to more than $94 a barrel Wednesday, the highest closing price in almost four months, following a Department of Energy report that said supplies declined last week, Bloomberg News reported.
January 16, 2013Search
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IANA Elects Union Pacific’s Michaels Chairman
The Intermodal Association of North America last week announced that Barry Michaels, vice president of intermodal operations at Union Pacific Railroad, is the group’s new chairman.
January 17, 2013Combined Transport Buys Blackwell
Combined Transport Inc. announced the acquisition of Blackwell Consolidation LLC’s operations to expand refrigerated, intermodal and tanker service.
January 18, 2013ABF Expands Ocean Transport to South America
ABF Freight System said it has expanded its ocean transport coverage to several countries in South America.
January 17, 2013BNSF Logistics Acquires EP-Team Inc.
BNSF Logistics said it has acquired logistics and project cargo provider EP-Team Inc. Terms were not disclosed.
January 16, 2013Industrial Production Rises 0.3%
Industrial production rose 0.3% in December, the second straight increase, the Federal Reserve said Wednesday.
January 16, 2013House Approves $50 Billion in Sandy Aid
The House has approved a $50.5 billion spending bill for the Northeast areas hit by Superstorm Sandy, the Associated Press reported.
January 16, 2013Consumer Price Index Unchanged in January
The consumer price index was unchanged in January, the Labor Department reported Wednesday.
January 16, 2013Trucking, Transportation Activity Improved Late Last Year, Fed ‘Beige Book’ Report Says
The U.S. economy improved late last year, with trucking and transportation services showing gains, the Federal Reserve said.
January 16, 2013AASHTO Backs $50 Billion in Transportation Infrastructure Bonds
The head of the American Association of State Highway and Transportation Officials said Wednesday that Congress should pass legislation for a $50 billion bond program to fund needed transportation projects.
January 16, 2013