Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.
December 4, 2007Search
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Fenway Leads Acquisition of Logistics Firm
Private-equity firm Fenway Partners said Tuesday it has acquired a majority interest in East Coast Warehouse & Distribution Corp. and related companies, including Safeway Trucking Corp.
December 4, 2007Landstar CEO Says Revenue, Volume Growing
Truckload carrier Landstar System will increase fourth-quarter revenue in the mid-single-digit range, Chief Executive Officer Henry Gerkens said in a conference call with investors, Bloomberg reported.
December 4, 2007Railroad, Trucking Shares May Dip in 4Q, Analyst Says
J.P. Morgan transport analyst Thomas Wadewitz lowered his fourth-quarter earnings estimates for six major railroads by an average of 2.8% and cut his estimates for three truckload companies by an average of 8.7%, the Associated Press reported.
December 4, 2007Trucking Revenue Tops $300 Bln., Census Bureau Says
Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.
December 4, 2007Oil Falls in Advance of OPEC Meeting
Oil prices moved below $88 a barrel Tuesday, one day in advance of an OPEC meeting in which cartel members were set to meet to decide whether to increase production, the Associated Press reported.
December 4, 2007Auto Sales Decline for November
U.S. automobile sales fell or were flat in November and an ongoing economic slump will continue to hurt U.S. auto sales in 2008, the Associated Press reported Tuesday.
December 4, 2007ISM Factory Index Dips in November
The Institute for Supply Managements manufacturing index dipped slightly in November from October, ISM said Monday.
December 3, 2007Chinese Order 1,900 Cummins Bus Engines
Cummins Inc., the largest foreign investor in the Chinese diesel engine industry, received an order for 1,900 bus engines from transit agencies in China, Bloomberg reported.
December 3, 2007Exxon Mobil, Partners to Build Hydrogen-Powered Forklift
Exxon Mobil Corp. said it will partner with two other companies and an Israeli university to build a commercial lift-truck application powered by fuel cells from hydrogen produced in the truck.
December 3, 2007