Trucking Revenue Tops $300 Bln., Census Bureau Says
Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.
December 4, 2007Trucking Revenue Tops $300 Bln., Census Bureau Says
Total revenue for truck transportation, couriers and messengers, and warehousing and storage reached $312 billion in 2006, up from $293 billion in 2005, the U.S. Census Bureau said Tuesday.
December 4, 2007Auto Sales Decline for November
U.S. automobile sales fell or were flat in November and an ongoing economic slump will continue to hurt U.S. auto sales in 2008, the Associated Press reported Tuesday.
December 4, 2007Fenway Leads Acquisition of Logistics Firm
Private-equity firm Fenway Partners said Tuesday it has acquired a majority interest in East Coast Warehouse & Distribution Corp. and related companies, including Safeway Trucking Corp.
December 4, 2007Diesel Drops 2.8¢ to $3.416
The national average price of retail diesel fuel fell 2.8 cents from last week’s all-time record to $3.416 a gallon, the Department of Energy reported Monday.
December 4, 2007Landstar CEO Says Revenue, Volume Growing
Truckload carrier Landstar System will increase fourth-quarter revenue in the “mid-single-digit range,” Chief Executive Officer Henry Gerkens said in a conference call with investors, Bloomberg reported.
December 4, 2007Railroad, Trucking Shares May Dip in 4Q, Analyst Says
J.P. Morgan transport analyst Thomas Wadewitz lowered his fourth-quarter earnings estimates for six major railroads by an average of 2.8% and cut his estimates for three truckload companies by an average of 8.7%, the Associated Press reported.
December 4, 2007Big Biodiesel Plant Opening in Iowa Tuesday
A large biodiesel plant that will be one of the world’s 10 largest biodiesel facilities is scheduled to open Tuesday in Iowa, the Albert Lea (Minn.) Tribune newspaper reported.
December 3, 2007Automakers Say Deal Should Prevent States from Setting Emissions Standards
U.S. automakers say congressional legislation to boost U.S. fuel-economy standards 40% should halt efforts by states to restrict emissions, Bloomberg reported Monday.
December 3, 2007ISM Factory Index Dips in November
The Institute for Supply Management’s manufacturing index dipped slightly in November from October, ISM said Monday.
December 3, 2007