Truck Tonnage Rises in January, ATA Says
January truck tonnage jumped up smartly by 2.6% compared with the same month in 2016, American Trucking Associations said Feb. 21.
February 21, 2017Diesel Inches Up 0.7¢ to $2.572 a Gallon
The U.S. average retail price of diesel rose 0.7 cent to $2.572 a gallon as the stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said.
February 21, 2017Mexico and Canada Say Nafta Should Be Renegotiated Trilaterally
The foreign ministers of Mexico and Canada presented a unified front ahead of potential trade talks with President Trump’s administration, stressing that the North American Free Trade Agreement has benefited all three countries.
February 21, 2017Los Angeles Most Congested City in the World, INRIX Reports
The City of Angels topped the list of cities with the worst traffic, where motorists spent more than 104 hours stuck in traffic in 2016, a new ranking of the most congested cities found.
February 21, 2017Expeditors' Volumes Rise as Rates Hinder Profits
Fourth-quarter business boomed, but profits dipped at freight forwarder Expeditors International as roller-coaster pricing made management difficult, the Seattle-based firm said in its Feb. 21 earnings statement.
February 21, 2017UPS Tries Arming Its Brown-Clad Drivers With an Octocopter Drone
UPS Inc. sees a day when your latest purchase may be dropped off not by a brown-clad delivery driver, but by an octocopter drone.
February 21, 2017CEO of CSX to Retire as Hunter Harrison Negotiations Continue
The shakeup at CSX Corp. took another twist Feb. 21 when current CEO Michael Ward and President Clarence Gooden announced they're leaving the railroad at the end of May, another wrinkle that could affect the push from private investor Paul Hilal to install former Canadian Pacific CEO Hunter Harrison as CSX’s top executive. The company also announced 1,000 layoffs.
February 21, 2017West Virginia Gov. Wants to Address Transportation, but Proposed Tax Increases Greeted With Skepticism
Times are grim in West Virginia. So grim that new Gov. Jim Justice, who pledged not to raise taxes as a candidate last year, called in his Feb. 8 State of the State address for new taxes worth about $450 million.
February 21, 2017Elite UPS Safe Driver Group Grows to 9,349
UPS Inc. has announced the induction of 1,575 drivers into its “Circle of Honor,” raising to 9,349 the number of drivers who have gone 25 years or more without an avoidable accident — accounting for nearly 10% of the UPS driver workforce.
February 21, 2017Crude Oil Could Plunge to as Low as $30 a Barrel
Crude prices could plunge toward $30 a barrel — a rout of about 40% from current levels — unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said.
February 21, 2017