Daimler, Volvo Profits Fall During Lackluster 4th Qtr.
Daimler AG said its global heavy-truck profit fell 29% in the fourth quarter, and Volvo AB said worldwide earnings in the unit including trucks fell 82%. Both truck makers also offered cautious outlooks for North America and around the globe.
February 11, 2013ILA, Ports Avert Walkout With Tentative Contract
Dockworkers and management at ports along the East and Gulf coasts reached a tentative, six-year agreement that averted a potential strike that could have started on Feb. 6.
February 11, 2013Diesel Jumps 9.5¢ to $4.022
Retail fuel prices rose significantly last week, with the diesel average jumping 9.5 cents a gallon to $4.022 — the largest spike since August — and gasoline leaping 18.1 cents — the most in nearly two years, according to the Department of Energy.
February 11, 2013YRC Posts Positive Annual Operating Income
YRC Worldwide said its fourth-quarter and full-year losses narrowed from a year ago, and the company reported its first full-year positive operating income in six years.
February 8, 2013Some SoCal Port Workers Reject Contract
Some unionized clerical workers who work at the Southern California ports of Los Angeles and Long Beach have rejected a contract agreement that was reached in late November, the Long Beach Press-Telegram reported.
February 8, 2013Oil Takes First Weekly Drop in Two Months
Oil posted its first weekly decline in two months, finishing at below $96 a barrel on the New York Mercantile Exchange, Bloomberg News reported.
February 8, 2013Wholesale Inventories Dip in December
Wholesale inventories decreased 0.1% in December, the Commerce Department said Friday.
February 8, 2013Echo Global Logistics’ 4Q Operating Income Rises
Echo Global Logistics said its fourth-quarter operating income rose, and its revenue increased by almost 30% from the same quarter a year earlier.
February 8, 2013Northeast States Prepare for Blizzard
Northeastern states prepared for a blizzard expected to slam into the region Friday, with two big storm systems converging from the Midwest and the Atlantic seaboard, news reports said.
February 8, 2013CVSA Asks for Delay of Hours-of-Service Changes
The Commercial Vehicle Safety Alliance has asked the Federal Motor Carrier Safety Administration to delay implementing scheduled changes to the hours-of-service rules for truck drivers until three months after a pending legal challenge is resolved.
February 8, 2013