U.S. intermodal traffic rose 3% for the week ended Saturday from a year ago, the Association of American Railroads said.
May 11, 2012Search
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Caterpillar Selling Majority Stake in Logistics Unit
Heavy-equipment maker Caterpillar Inc. said it is selling a majority stake in its third-party logistics business to Platinum Equity for $750 million.
May 10, 2012FedEx to Buy French Delivery Firm
FedEx Corp. said Thursday it will acquire French express-delivery company Tatex as it pursues European growth through small deals and expansion of existing businesses.
May 10, 2012U.S. Trade Deficit Jumps 14%
The U.S. trade deficit jumped by 14% in March as imports rose, the Commerce Department said Thursday.
May 10, 2012Weekly Jobless Claims Fall by 1,000
Initial jobless claims fell last week to the lowest level in a month, the Labor Department said Thursday.
May 10, 2012Oil Rises to Over $97 a Barrel
Oil rose for the first time in more than a week Thursday, gaining 27 cents to just over $97 a barrel, after falling for six straight trading days, Bloomberg reported.
May 10, 2012XPO Logistics Reports 1Q Loss, Buys Brokerage Firm
XPO Logistics reported a first-quarter loss and announced its first acquisition, saying it will buy brokerage firm Continental Freight Services for $3.4 million.
May 11, 2012Quality to Buy N.D. Tank Truck Company
Quality Distribution has reached an agreement to purchase Wylie Bice Trucking LLC and RM Resources LLC, in a deal worth up to $98.3 million.
May 9, 2012DOT Freight Transportation Index Improves
The Department of Transportation’s freight transportation services index rose 0.8% in March from the same month last year, DOT said Wednesday.
May 9, 2012Goodyear, Cooper Tire Report Mixed 1Q Results
Goodyear Tire & Rubber Co. reported a first-quarter loss, citing refinancing charges that offset higher revenue.
May 9, 2012