Echo Global Logistics Buys Mass. Truckload Carrier
Echo Global Logistics said it acquired Plum Logistics LLC, a refrigerated truckload carrier and transportation brokerage company based in Wakefield, Mass. Terms were not disclosed.
June 6, 2012N.Y. Thruway Considers Boosting Truck Tolls by 45%
The New York State Thruway Authority may raise truck tolls 45% to help refinance its debt and pay for a $1.5 billion highway improvement program.
June 6, 2012Diesel Drops 5.1¢ to $3.846 in Eighth Decline
Diesel fell for the eighth straight week, dropping 5.1 cents to $3.846 a gallon, while gasoline took its biggest decline this year, the Department of Energy reported.
June 5, 2012Trucks Hauling Water, Sand in Oilfield Operations Subject to HOS Rules, DOT Says
Truck drivers hauling water and sand to U.S. oil and natural gas shale wells cannot extend their daily driving hours by using an exemption targeted for special oilfield service equipment, Bloomberg reported Tuesday, citing the Department of Transportation.
June 5, 2012ISM Services Index Improves
An index of the U.S. economy’s service sector improved in May, the Institute for Supply Management said Tuesday.
June 5, 2012Roadrunner Buys Refrigerated Carrier CTW Transport
Roadrunner Transportation Systems said it has acquired Massachusetts-based refrigerated truckload carrier CTW Transport for about $7.5 million.
June 5, 2012Kentucky Gas Tax Increasing 2.4 Cents to 32.3 Cents a Gallon
Kentucky’s gas tax is increasing next month by 2.4 cent to 32.3 cents a gallon due to an automatic tax increase, the Associated Press reported.
June 5, 2012FedEx Retiring 24 Jets to Cut Costs
FedEx Corp. said it has retired 24 jets to reduce capacity in its U.S. Express division, and will take an $84 million, or 26 cents–per-share, charge in its fiscal fourth quarter that ended May 31.
June 5, 2012Diesel Retrofit Sales Declined in 2011, Survey Shows
Sales of all diesel retrofit devices in the United States declined in 2011 from the previous two years, according to the Manufacturers of Emission Controls Association.
June 5, 2012Factory Orders Drop 0.6% in Second Straight Decline
Factory orders fell 0.6% in April, the second straight monthly decline, the Commerce Department said Monday.
June 4, 2012