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Descartes Systems Group to Acquire Cube Route
Logistics software and service provider Descartes Systems Group on Tuesday announced it signed an agreement to acquire Cube Route, a provider of pay-as-you-go logistics management services.
November 21, 2006Arves Named CEO of Transport Corp. of America
Truckload carrier Transport Corp. of America on Monday named Scott Arves its new chief executive officer, effective Jan. 1.
November 21, 2006UPS to Finance Heavy Air Freight Center With Airport Bond Offering
UPS Inc. will guarantee $42.6 million of Louisville Regional Airport Authority Special Facilities Revenue Bonds and use the proceeds to build a new terminal at the airport for handling heavy freight.
November 21, 2006Volvo Truck Deliveries Through October Rise
Volvo Group's total truck deliveries increased 3% through October, the truck maker said Tuesday, led by a 9% gain at its Renault Trucks company.
November 21, 2006New Jersey Proposes New Truck Routing Restrictions
One month after the Supreme Court denied to hear a case concerning a New Jersey regulation that sought to relegate truck traffic to major highways, the state is proposing new truck routing restrictions.
November 21, 2006Crude Oil Futures Close Above $60 a Barrel on Tuesday
Crude oil futures, which reached a 17-month low on Friday, climbed past the $60-a-barrel mark at the close of trading on the New York Mercantile Exchange, Bloomberg reported Tuesday.
November 21, 2006Saia Acquires LTL Hauler The Connection Company for $17.5 Million
Saia Inc., parent of less-than-truckload carrier Saia Motor Freight Line, on Monday announced it acquired The Connection Company, a less-than-truckload carrier based in Columbus, Ohio, for $17.5 million.
November 20, 2006Kitty Hawk Signs Holiday Mail Season Contract With Postal Service
Expedited air and ground carrier Kitty Hawk on Monday said it signed a $29.33 million contract with the United States Postal Service to manage a daytime air and ground cargo network for holiday season mail.
November 20, 2006Index of Leading Indicators Rises 0.2% in October
The Conference Board said Monday its index of leading economic indicators rose 0.2% in October after a revised gain of 0.4% a month earlier.
November 20, 2006Technology Briefs — November 21 - November 27
IdleAire’s Losses Widen in 3Q • Tele Atlas to Use GlobeXplorer Technologies in Digital Map Applications • Geocomtms Adds Dynamic Sourcing Component to A.MAZE Petroleum Application • UQM Delivers Motor/Generator System for Hybrid Truck Development Program
November 20, 2006