Crude Futures Hit Highest Level in More Than Three Months
Crude oil futures climbed above $93 a barrel on Wednesday in New York, the highest level in more than three months following the passage of federal legislation reversing automatic tax increases and spending cuts.
January 2, 2013Labor, Ports Agree to Extend Negotiation Deadline
The International Longshoremen's Association and East and Gulf coast port operators came to an agreement Dec. 28 to extend contract negotiations to Feb. 6, according to federal mediators.
January 2, 2013UPS Announces New International Express Air Freight Service
UPS Inc. announced Wednesday a new international express airfreight service for heavy shipments.
January 2, 2013ISM Manufacturing Index Improves in December
U.S. manufacturing activity increased in December, the Institute for Supply Management said Wednesday.
January 2, 2013Construction Spending Dips in November
Construction spending fell 0.3% in November, the Commerce Department said Wednesday.
January 2, 2013Riverside Co. Acquires Midnite Air Corp.
The Riverside Co., a global investment firm with 20 offices in 14 countries, said it acquired Midnite Air Corp., Los Angeles, and will help the company expand its courier operations.
January 2, 2013Diesel Drops 0.5¢ to $3.918 a Gallon
The price of diesel continued to decline, falling 0.5 cent to $3.918 a gallon from $3.923, its 10th drop in the past 11 weeks, while gasoline increased by 4.1 cents to $3.298, the Department of Energy said Dec. 31.
January 2, 2013Roadrunner Buys Direct Connection Transportation
Roadrunner Transportation Systems said it has acquired Phoenix-based truckload carrier Direct Connection Transportation for about $1.3 million.
December 28, 2012Chicago Manufacturing Activity Expands for Second Month
Manufacturing activity in the Chicago area expanded for a second month, the Institute for Supply Management-Chicago said Friday.
December 28, 2012Intermodal Traffic Gains 10.2% for Week
U.S. rail intermodal traffic rose 10.2% last week over the same week a year ago, the Association of American Railroads said.
December 28, 2012