Virginia Transportation Leaders Approve I-81 Improvement Plan
Virginia’s Commonwealth Transportation Board has approved a plan that weighs the possibility of tolls to address some of the issues that affect Interstate 81.
December 11, 2018Quarles Petroleum Acquires Revere Gas
Virginia-headquartered Quarles Petroleum, a regional provider of residential and commercial fuel, has acquired Revere Gas, another Virginia-based retail propane gas distributor, according to a Dec. 4 press release.
December 11, 2018China Is Said to Move Toward Lower Tariffs on U.S.-Made Cars
China is moving toward cutting its trade-war tariffs on imported U.S.-made cars, a step already claimed by President Donald Trump as a concession won during trade talks in Argentina.
December 11, 2018Producer Prices Up in November, Exceeding Estimates
U.S. producer prices rose in November on advances in foods and transportation services, while a measure of underlying costs accelerated, offering some potential signs of inflation pressures bubbling up in the economy.
December 11, 2018Fuel, Maintenance Among Many Variables for Total Cost of Ownership Calculations
Carriers aiming to answer this question — how much did that truck truly cost? — must weigh a range of factors to arrive at a “total cost of ownership.” The factors considered might differ from one operator to the next, but the basic considerations tend to be the same, fleet managers and truck manufacturers said.
December 11, 2018Tech Air Acquires Scully Welding Supply, Propane Service Companies
Industrial gas and equipment supplier Tech Air has acquired Scully Welding Supply Corp. and Scully Propane Service Corp. according to a Dec. 4 press release. This is the 27th acquisition for Tech Air under CI Capital ownership.
December 11, 2018AIT Worldwide Logistics Acquires ConneXion
AIT Worldwide Logistics, a supply chain services provider, has acquired ConneXion World Cargo, a freight forwarder based in London.
December 11, 2018FedEx Express President David Cunningham to Retire Dec. 31
FedEx Corp. on Dec. 7 announced that FedEx Express President and CEO David Cunningham will retire effective Dec. 31.
December 10, 2018Diesel Drops 4.6¢ to $3.161 a Gallon in Eighth Straight Weekly Decline
The U.S. average retail price of diesel dropped 4.6 cents to $3.161 a gallon, the U.S. Energy Information Administration reported Dec. 10, as crude oil prices dropped near $50 a barrel.
December 10, 2018Goodyear Gives Venezuelan Workers Severance Pay, 10 Tires as It Shutters Plant
Goodyear Tire & Rubber Co. is halting its Venezuela operations and laying off its local workforce, union officials said Dec. 10, the latest foreign corporation to close shop in the crisis-torn country.
December 10, 2018