BX Solutions Expands Logistics Network
BX Solutions, a Toledo, Ohio-based third-party logistics provider, has launched an expanded “time-definite” transportation network connecting 31 cities in the Midwest and Southeast.
January 29, 2013Canadian Pacific’s 4Q Net Income Drops
Canadian freight railroad Canadian Pacific’s fourth-quarter net income fell to C$15 million, or 8 Canadian cents per share, from C$221 million, or C$1.31, a year earlier, on restructuring charges.
January 29, 2013Valero Energy Corp.’s 4Q Income Increases
U.S. independent oil refiner Valero Energy Corp. said its fourth-quarter net income rose to $1 billion, or $1.82 per share, from $45 million, or 8 cents per share, a year ago.
January 29, 2013Diesel Rises for Second Straight Week, Increasing 2.5¢ to $3.927 a Gallon
Diesel rose 2.5 cents to $3.927 a gallon, the second straight increase following two months of declines, while gasoline rose for a sixth week, the Department of Energy said.
January 29, 2013ATA Asks for Delay in HOS Rule
American Trucking Associations has asked the Federal Motor Carrier Safety Administration for a delay in the effective date of FMCSA’s new hours-of-service rule of three months following a court’s decision on the rule.
January 28, 2013Volvo Inks Truck Partnership With China’s Dongfeng
Volvo AB signed an agreement with China’s Dongfeng Motor Group Co. to acquire 45% of a new commercial-vehicles subsidiary of the Chinese company for about $900 million.
January 28, 2013Spireon Testing Next-Gen GPS Device, Expects Trailer Tracking Market Growth
Asset-tracking provider Spireon Inc. said that it is testing a next-generation GPS device for its FleetLocate trailer-tracking platform and predicted the trucking industry will increase spending on technology this year.
January 28, 2013Robocom Acquires Munics Information Systems
Supply chain software company Robocom Systems International said it has acquired Munics Information Systems. Terms were not disclosed.
January 28, 2013Caterpillar’s Fourth-Quarter Profit Drops
Heavy equipment maker Caterpillar Inc.’s fourth-quarter profit fell to $697 million, or $1.04 a share, from $1.55 billion, or $2.32, a year ago, on lower production and acquisition costs.
January 28, 2013Durable Goods Orders Rise 4.6%
Durable goods orders rose 4.6% in December, the Commerce Department reported Monday.
January 28, 2013