Teamsters Send ABF Strike Authorization Ballots to Some Members
The Teamsters union notified ABF Freight System that strike authorization ballots are being sent Oct. 8 to workers covered by a Central Region supplemental agreement that has been voted down twice.
October 8, 2013Expeditors CEO Peter Rose to Retire in March
Peter Rose, CEO of Expeditors International of Washington Inc., will retire in March after 35 years with the company, he announced in an Oct. 8 statement.
October 8, 2013Navistar Offers $200 Mln. in Convertible Notes
Navistar International Corp. said $200 million of senior subordinated convertible notes have been priced to pay a 4.5% interest rate.
October 8, 2013Echo Global Promotes Executives
Echo Global Logistics Inc. has reshuffled its management team with three internal executive promotions, the Chicago-based company announced.
October 8, 2013Diesel Falls 2.2¢ to $3.897 in Fourth Decline
Diesel’s national average price fell another 2.2 cents to $3.897 a gallon, continuing its downward trend in a fourth straight decline, the Department of Energy reported.
October 7, 2013Driver Turnover Rate Rises in Second Quarter
Driver turnover at large truckload fleets rose in the second quarter as the market for experienced drivers remains tight, American Trucking Associations reported.
October 7, 2013Cass Freight Index Edges Up in September; Expenditures Jump
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, edged up 0.1% in September from a year ago, while expenditures jumped by the most since March.
October 7, 2013Minnesota to Raise Biodiesel Requirement to 10% Next Year
Minnesota will become the first state to require that most diesel fuel sold in the warm-weather months be a blend containing 10% biodiesel, the Associated Press reported.
October 7, 2013Apollo Seeks to Cut $2.5 Billion Cooper Bid Amid Labor Concerns
India-based Apollo Tyres Ltd. is seeking to cut its $2.5 billion offer to buy Cooper Tire & Rubber Co. after U.S. and Chinese workers challenged the takeover plan, Bloomberg News reported.
October 7, 2013Gasoline Price Falls 13.8 Cents, Lundberg Survey Says
Gasoline’s national average price decreased 13.8 cents in the past two weeks to $3.383 a gallon, according to the latest Lundberg Survey of filling stations.
October 7, 2013