The Department of Energy boosted its 2011 diesel price forecast by 2 cents, to $3.85 a gallon, and raised its gasoline price projection 3 cents, to $3.56, but lowered its projections for 2012.
September 8, 2011Search
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Russell Gerdin Retires at Heartland Express; Son Michael Promoted to Chairman, CEO
Heartland Express announced that Russell Gerdin, founder of the truckload carrier, has retired due to health concerns and passed the chairman and CEO positions to his son, Michael.
September 12, 2011ATA Says HOS Changes Would Cut Wages, Cost Billions of Dollars in Lost Productivity
The federal government’s latest hours-of-service proposal will result in reduced wages for hundreds of thousands of truck drivers, significant costs for trucking companies and billions of dollars in lost productivity, American Trucking Associations told the Obama administration.
September 12, 2011Protecting Shipments From Harm Still Top Goal As Fleets Seek Ways to Minimize Breakage
While change, churn and modernization may have become the mantra for much of the freight transportation industry, for managers working in damage prevention and claims, the most basic truth endures: Don’t ruin your shippers’ freight.
September 12, 2011Mexico Trucking Plan Faces Delay
The Obama administration’s contentious cross-border trucking program with Mexico could be delayed until November after a Department of Transportation audit found that the Federal Motor Carrier Safety Administration has failed to set up several procedures aimed at monitoring and inspecting trucks that would enter the United States.
September 12, 2011Initial Jobless Claims Edge Up 2,000 for Week
Initial jobless claims increased by 2,000 last week to 414,000, the Labor Department said Thursday.
September 8, 2011U.S. Trade Deficit Narrows 13.1%
The U.S. trade deficit narrowed 13.1% in July to $44.8 billion, a three-month low, as exports rose and oil imports declined, the Commerce Department said Thursday.
September 8, 2011Oil Holds Over $89 a Barrel
Oil held just over $89 a barrel Thursday in advance of the Department of Energy’s weekly report on crude, diesel and gasoline inventories, Bloomberg reported.
September 8, 2011Prologis Sells 13 Industrial Buildings
Distribution center and warehouse operator Prologis Inc. has disclosed the sale of a 2.8 million-square-foot industrial building portfolio for about $118 million to New York real estate investment manager Clarion Partners.
September 8, 2011Purolator International to Expand in U.S.
Canadian express courier Purolator International will open 10 new offices during 2011, doubling its presence in the United States.
September 8, 2011