Consumer Prices Fall, Led by Slump in Commodities
The cost of living in the United States dropped in December, led by a slump in commodities that’s roiling global markets.
January 20, 2016Diesel Prices Fall 6.5¢ to $2.112
The U.S. average retail diesel price fell for the 10th consecutive week, down 6.5 cents a gallon to $2.112, leaving it at the lowest price since March 23, 2009, the Department of Energy reported Jan. 19.
January 19, 2016Canadian Pacific Seeks DOJ Review of 'Campaign' Against Norfolk Southern Deal
Canadian Pacific Railway Ltd. asked the U.S. Justice Department to look into a “collective campaign” by large railroads to block its hostile stock-and-cash bid for Norfolk Southern Corp.
January 19, 2016DTNA Picks Kary Schaefer as General Manager of Marketing, Strategy
Kary Schaefer is the new general manager of marketing and strategy for Daimler Trucks North America, the manufacturer said Jan. 19.
January 19, 2016December Tonnage Rises 1.1%, Still Held Back by Inventory Overhang, ATA Reports
Truck tonnage rose 1.1% in December over the same month of 2014 as growth continued to be held back by excessive inventory that reduced freight demand, American Trucking Associations reported.
January 19, 2016DHL Expands Shipping Presence in Memphis
DHL is moving into a new, larger center next to Memphis International Airport to serve Tennessee, Arkansas and Mississippi, the international shipping company announced Jan. 18.
January 19, 2016Roadrunner Transportation Systems Hires Curtis Stoelting as President
Roadrunner Transportation Systems Inc. announced the selection of Curtis Stoelting as its new president.
January 19, 2016Global Oil Market Could 'Drown in Oversupply'
Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency.
January 19, 2016Port of Toledo Tonnage Falls 30% in 2015 as Commodities Slump
A slumping steel industry led to declines in several key commodities across the Port of Toledo’s docks last year that accounted for most of a nearly 30% plunge in cargo tonnage.
January 19, 2016Indiana Firm Chaser Buys Memphis City Cartage
Regional trucking firm Memphis City Cartage Inc. has been acquired by Chaser, a truckload carrier based in Anderson, Indiana, for an undisclosed amount.
January 19, 2016