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Diesel Price Jumps 7.5 Cents to $3.055 a Gallon

Diesel fuel's average national price jumped 7.5 cents a gallon Monday to $3.055, the Department of Energy reported.

August 8, 2006

Penske Named Lead Logistics Provider for Whirlpool

Penske Logistics said Monday that home appliance manufacturer Whirlpool Corp. has selected the company as its lead logistics provider.

August 8, 2006

Cass Acquires NTransit’s Parcel Auditing Services

Cass Information Systems, a St. Louis company that provides invoice payment and information services to the transportation industry, said Monday it acquired the parcel auditing services of NTransit Inc.

August 8, 2006

Second-Quarter Productivity Rises 1.1%

Worker productivity rose at a 1.1% annual rate in the second quarter following a 4.3% jump in the first quarter, the Labor Department reported Tuesday.

August 8, 2006

DOT’s Transportation Services Index Declines for June

The U.S. Transportation Department’s transportation services index fell 0.4% in June from May and the freight index also declined, DOT said Tuesday.

August 8, 2006

Fed Halts Interest Hikes, Keeping Rate at 5.25%

The Federal Reserve Tuesday halted its rise of the benchmark U.S. interest rate at 5.25%, the first time it has not raised the rate following 17 straight quarter-point increases dating back to June 2004.

August 8, 2006

EGL’s Second-Quarter Income Rises; Revenue Slips

Transportation and logistics firm EGL Inc. reported second-quarter net income of $14.8 million or 36 cents a share, a 17% increase from $12.7 million or 25 cents from the same quarter last year.

August 8, 2006

Quality Reports Record Profit; Per-Share Earnings Double

Tank truck carrier Quality Distribution late Monday reported second-quarter net income of $5.5 million or 28 cents a share, up from $2.7 million or 14 cents a year ago.

August 8, 2006

Wabash National Postpones 2Q Earnings Release

Trailer maker Wabash National Corp. said it would postpone its second-quarter earnings release originally scheduled for Tuesday, due to the need to finalize its financial statements.

August 8, 2006

Diesel Shortages in Colorado Prompt Warning to Truckers

A diesel-fuel shortage in Colorado has prompted some trucking companies to advise drivers to avoid the state or refuel before they get to Colorado, the Associated Press reported Monday.

August 7, 2006