Universal Truckload’s 4Q Profit Declines
Universal Truckload Services’ fourth-quarter and full-year income fell from a year ago, the truckload carrier said.
February 22, 2013Intermodal Traffic Rises 13.6% for Week
U.S. rail intermodal traffic rose 13.6% last week over the same week a year ago, the Association of American Railroads said.
February 22, 2013Oil Finishes Week at Just Over $93 a Barrel
Oil rose from seven-week low to finish the trading week at just over $93 a barrel, Bloomberg News reported Friday.
February 22, 2013Virginia House Votes to End Retail Fuel Tax
The Virginia House of Delegates passed a bill Friday afternoon that would eliminate the state’s retail taxes on diesel and gasoline and replace them with a wholesale tax for fuel distributors and an increased sales tax, the Richmond Times-Dispatch reported.
February 22, 2013Truck Driver Shortage Could Hurt Canadian Economy, Study Says
Canada could experience a shortage of 25,000 to 33,000 for-hire truck drivers by 2020, disrupting not only the trucking industry but the entire Canadian economy, according to a new study released by Conference Board of Canada.
February 22, 2013UPS Expands Worldwide Expedited Service
UPS Inc. said it has expdanded its worldwide expedited service by tripling the coverage area and speeding up the delivery timeframe to two to five business days.
February 22, 2013Maersk Reports $975 Million 4Q Profit
A.P. Moller-Maersk said Friday it had fourth-quarter earnings of $975 million on improved rates in its container subsidiary, the Associated Press reported.
February 22, 2013Daimler Appoints Bernhard to Succeed Renschler as Head of Trucks Unit
Daimler AG said Thursday that Wolfgang Bernhard will become the new head of Daimler Trucks, effective April 1, succeeding Andreas Renschler, who will move to the company’s Mercedez-Benz auto unit.
February 21, 2013Unions Ratify Agreement With SoCal Ports
Unions for workers at the Southern California ports of Los Angeles and Long Beach have approved a contract that will run through 2016.
February 21, 2013Quality’s Fourth-Quarter Income Rises
Tank truck carrier Quality Distribution said its fourth-quarter profit rose from a year ago on stronger energy logistics and intermodal business.
February 21, 2013