Mahindra Completes Purchase of Navistar’s Stake in Indian Joint Venture
Navistar International Corp. and Mahindra & Mahindra Ltd. said Tuesday that Mahindra has completed its purchase of Navistar’s stake in an Indian joint venture.
February 12, 2013XPO Logistics Acquires East Coast Air Charter
XPO Logistics said Tuesday it has purchased East Coast Air Charter Inc., a third-party logistics company, for $9.3 million.
February 12, 2013Diesel Rises 8.2¢ to $4.104 in Fourth Straight Increase; Gasoline Gains 7.3¢ to $3.611
Diesel rose 8.2 cents to $4.104 a gallon, the fourth straight increase and the highest price since October, while gasoline rose for an eighth week, the Department of Energy said.
February 12, 2013Forward Air’s Fourth-Quarter Income Rises
Forward Air Corp. said its fourth-quarter net income rose from a year ago and that its revenue also improved.
February 12, 2013FMCSA Waives Some HOS Rules for Northeastern States Affected by Blizzard
The Federal Motor Carrier Safety Administration has waived some hours-of-service rules for truckers serving in emergency-relief capacity in Northeastern states affected by the weekend blizzard.
February 12, 2013ATD Names Kenworth T680 Class 8 Truck of Year
The American Truck Dealers named Kenworth Truck Co.’s T680 the winner of its Class 8 truck of the year Sunday at ATD’s annual conference in Orlando, Fla.
February 11, 2013TTS Merges With Walsh Transportation Group
Third-party logistics company TTS LLC said Monday it has merged with Walsh Transportation Group. Terms were not disclosed.
February 11, 2013UPS Adds 100 Electric Delivery Trucks to California Fleet
UPS Inc. said it has put 100 new all-electric delivery trucks in service in California.
February 11, 2013WEX Inc. Reports Lower 4Q Profit
Fleet payment processing company WEX Inc., formerly Wright Express Corp., said its fourth-quarter profit fell on costs associated with the acquisition of Fleet One.
February 11, 2013Gasoline Price Jumped 25¢ in Past Two Weeks, Lundberg Survey Reports
Gasoline prices jumped 25 cents in the past two weeks to $3.59 a gallon, while diesel rose 12 cents to $4.07, according to the latest Lundberg survey of filling stations released Sunday.
February 11, 2013