The ports of Los Angeles and Long Beach, Calif., which were to have begun collecting a clean trucks fee Monday, said they will delay the fee collection pending resolution of outstanding regulatory issues.
November 14, 2008Search
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Business Inventories Take Largest Drop in Three Years
Business inventories fell 0.2% in September, the largest decline in three years, the Commerce Department said Friday.
November 14, 2008Great Dane to Close Georgia Reefer Plant
Great Dane Trailers said it plans to close its refrigerated trailer manufacturing plant in Savannah, Ga., in January, due to the economic downturns effect on the transportation industry and the need for more efficient production.
November 14, 2008US1 Reports Higher 3Q Income
Logistics firm US1 Industries third-quarter profit rose to $972,000, or 7 cents a share, from $789,000, or 6 cents, a year ago.
November 14, 2008Import Prices Fall 4.7% in September
The price of goods imported to the United States fell 4.7% in October, the largest drop since recording began in 1992, the Labor Department said Friday.
November 14, 2008October Retail Sales Plunge 2.8%; Drop Is Largest on Record
Retail sales fell 2.8% in October, the biggest drop on record, the Commerce Department said Friday.
November 14, 2008FedEx Boosting 2009 Rates 5.9%
FedEx Corp. said Friday it will raise its 2009 ground delivery rates by an average of 5.9%, starting Jan. 5.
November 14, 2008Scam Artists Hit Brokers, Fleets
Logistics executive Paul Lueck, a 27-year veteran of the transportation business, thought hed seen it all before the silver-tongued con man from what turned out to be a fictitious Jonesboro, Ark., trucking company came calling last summer.
November 17, 2008DHL to End U.S. Parcel Service After 5 Years, Nearly $10 Bln.
Deutsche Post, owner of DHL Express, said it would close the parcel carriers U.S. operations after an unsuccessful five-year, $10 billion attempt to crack into a $61.1 billion market dominated by UPS Inc. and FedEx Corp.
November 17, 2008Diesel Hits 14-Month Low
The U.S. average retail diesel price dropped 14.4 cents to $2.944 a gallon last week, falling below $3 for the first time in 14 months, and is expected to drop even further next year, the U.S. Department of Energy said.
November 17, 2008