Diesel Gains 3.2¢ After Four Weeks of Decline
The average price of diesel fuel rose 3.2 cents to $2.528 a gallon after a four-week drop, the Department of Energy said Monday.
July 27, 2009FedEx National LTL Names New President
FedEx Corp. said it has named Mike Moss as president of FedEx National LTL, the parcel carrier’s long-haul less-than-truckload unit.
July 27, 2009New Home Sales Climb 11%
New home sales increased 11% in June, the largest increase in eight years, the Commerce Department said Monday.
July 27, 2009Qualcomm’s Third-Quarter Earnings Slip
Wireless-services provider Qualcomm Inc. said its fiscal third-quarter earnings slipped to $737 million, or 44 cents a share, from $748 million, or 45 cents, a year ago.
July 27, 2009New Orleans Port Operators Cut Hours
Both of the terminal operators at the Port of New Orleans have reduced their business hours in response to the economic recession and reduced shipping, the Times-Picayune reported.
July 27, 2009TNT Profit Falls 60%
TNT NV, Europe’s second largest post company, said its second-quarter earnings declined to about $115 million, from about $292 million a year earlier.
July 27, 2009Navistar Engineering VP Leaves Company
Helmut Endres, vice president of engineering for Navistar Inc.’s engine group, has left the company, the truck and engine maker told Transport Topics on July 23.
July 27, 2009Iteris’ Income Falls for Fiscal 1Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit decreased from a year ago.
July 27, 2009Fuel Price Honeymoon
Our latest little honeymoon with fuel prices likely will end soon, as recent increases in the cost of crude oil work their way down to the retail pump.
July 27, 2009Letters: Nitrogen in Tires, Brokers Revisited, Impossibly Low Rates, California Reefers, It’s All About Freight, Squeaky Wheels
In reference to the story, “Safeway Fleet Set to Fill Tires With Nitrogen,” which appeared July 6 on p. 8, I have been using nitrogen in my fleet since 2005. We have noticed that the tires stay at a constant pressure, and we have been able to get well over 250,000 miles out of our drive tires and 150,000 miles out of our steer tires.
July 27, 2009