CNG Prices Decline, DOE Says
U.S. retail compressed natural gas prices dropped to their lowest level since July 2012, the Department of Energy reported Dec. 5.
December 5, 2013Nafta Trade Grew Again in 2012
North American merchandise trade continued to grow in 2012, with trucks moving a majority of it, the U.S. Bureau of Transportation Statistics said Dec. 5.
December 5, 2013UTi Worldwide Reports Loss in 3Q
Freight forwarder UTi Worldwide Inc. said it lost $9.1 million, or 9 cents a share, in the third quarter, largely due to severance costs related to the company’s “transformation.”
December 5, 2013Factory Orders Decline in October
Factory orders declined 0.9% in October, the Commerce Department reported Dec.5.
December 5, 2013Initial Jobless Claims Drop to Two-Month Low
Initial jobless claims fell to a two-month low last week as data become difficult to adjust for seasonal variations, the Labor Department reported Dec. 5.
December 5, 2013Arkansas Best Plans to Cut 30 Terminals
Arkansas Best Corp.’s ABF Freight System unit announced plans to cut 30 of its 277 service centers as part of an effort to improve overall service.
December 4, 2013U.S. Economy Improving Moderately, Fed Says
The U.S. economy improved at a modest to moderate pace in the six weeks ended in mid-November, and freight volume shows signs of strengthening, the Federal Reserve said.
December 4, 2013OPEC Maintains Oil Output Level
The Organization of Petroleum Exporting Countries decided Dec. 4 to maintain the current crude oil production level until June in an effort to keep prices stable.
December 4, 2013Descartes’ Fiscal Third-Quarter Income Declines
Descartes Systems Group said its third-quarter net income for its 2014 fiscal year declined 29% on costs associated with an acquisition.
December 4, 2013Patriot Transportation’s 4Q Profit Jumps 415% on Property Sales
Patriot Transportation Holding Inc. said its profit in the fiscal fourth quarter and year jumped, due in large part to sales of investment properties.
December 4, 2013