FedEx, UPS Seen Gaining Delivery Business From Planned U.S. Postal Service Cutbacks
FedEx Corp. and UPS Inc. could see more business if the U.S. Postal Service closes more than half of its 478 processing centers, eliminates Saturday deliveries and slows first-class delivery to two to three days from one to two days, said sources who closely monitor postal cargo operations.
January 23, 2012STB Revises Ruling on Consumer Options When Movers Damage Goods in Transit
The Surface Transportation Board has revised a year-old decision that was meant to enhance consumer awareness of damage-protection options when they use household goods carriers.
January 23, 2012Diesel Rises 2.6¢ to $3.854 as Iran Threats Push Oil Up
Retail diesel prices increased for the second week in a row, rising 2.6 cents to $3.854 a gallon, the Department of Energy reported last week.
January 23, 2012Heartland’s 4Q, Full-Year Income Improve
Heartland Express said its fourth-quarter net income rose $17.1 million, or 20 cents per share, from $15.4 million, or 17 cents, a year ago.
January 20, 2012Existing Home Sales Rise for Third Month
Existing home sales rose 5% for a third straight increase in December, reaching the highest level since January, the National Association of Realtors said.
January 20, 2012Oil Falls Below $100 in Third Straight Decline
Oil fell under $100 a barrel Friday, the third straight daily decline, on signs that China’s manufacturing was declining and European economic growth slowed, Bloomberg reported.
January 20, 2012Intermodal Traffic Rises 7.4% for Week
U.S. intermodal traffic rose 7.4% for the week ended Saturday from a year ago, the Association of American Railroads reported.
January 20, 2012Philadelphia Manufacturing Index Rises to Three-Month High
Manufacturing activity in the Philadelphia region expanded at a faster pace in January, the Federal Reserve Bank of Philadelphia said.
January 20, 2012Judge Dismisses Navistar’s SCR Lawsuit
A federal judge rejected a request by Navistar Inc. to force the U.S. Environmental Protection Agency to recall all 2010 trucks with selective catalytic reduction engines.
January 20, 2012Trial Date Set in Package-Pricing Lawsuit
AFMS LLC, a parcel shipping consultant, will have to wait until June 2013 for a jury in U.S. District Court in Los Angeles to hear its allegations that UPS Inc. and FedEx Corp. conspired to fix prices for package shipments and exclude competitors.
January 20, 2012