Diesel Jumps 11.4¢ to $2.79 a Gallon
The average retail price of diesel fuel jumped 11.4 cents to $2.79 a gallon, the largest one-week jump in 18 months, the Energy Department reported.
April 9, 2007FedEx Buys Air Cargo Firm
FedEx Corp. said Friday that it signed an agreement to acquire Hungarian air cargo company Flying-Cargo Hungary Kft.
April 6, 2007March Payrolls Rise 180,000; Unemployment Dips to 4.4%
U.S. payrolls rose by 180,000 jobs in March and the unemployment rate dipped to 4.4% from 4.5%, the Labor Department said Friday.
April 6, 2007Ship Line Trans Ocean Sold
Britain-based shipping line Ocean Distribution said it closed its sale to JF Hillebrand Group, for an undisclosed sum.
April 6, 2007Intermodal Volume Declines
Rail and intermodal traffic continued a downward trend of the past few weeks, with intermodal falling 2.5% last week and rail carload traffic declining 8.7% compared with a year ago, the Association of American Railroads said Thursday.
April 5, 2007Crude Prices Fall Following Sailors’ Release by Iran
Crude oil futures fell lower Thursday after Iran released 15 British sailors it had held for two weeks, Bloomberg reported.
April 5, 2007NS Says 1Q Profit to Dip 3%
Norfolk Southern Corp. said its first-quarter earnings will be 3% lower than a year earlier, as its freight shipments declined.
April 5, 2007Jobless Claims Rise for Week
Initial jobless claims rose by 11,000 last week, the Labor Department said Thursday.
April 5, 2007Pacer Lowers ’07 Guidance
Transportation and third-party logistics firm Pacer International lowered its full-year earnings guidance, said it would consolidate some operations and said its board authorized a buyback of up to $100 million of the company’s stock.
April 5, 2007Daimler in Talks to Sell Chrysler Unit
DaimlerChrysler AG chief Dieter Zetsche said for the first time that the company is negotiating the sale of its Chrysler unit, Bloomberg reported Wednesday.
April 4, 2007