Fenway Partners Acquires Consolidated Fastfrate
Private Equity firm Fenway Partners, New York, N.Y., said Monday it acquired Canadian transportation firm Consolidated Fastfrate.
November 19, 2007Gas Rises Nearly 13 Cents in Two Weeks, Lundberg Says
The average price of regular gasoline jumped 12.9 cents in the past two weeks, according to the latest Lundberg Survey of filling stations released Sunday.
November 19, 2007Diesel Jumps to $3.425
U.S. diesel fuel prices rose another 12.2 cents last week to $3.425 a gallon, the second consecutive record high and the eighth increase in the past nine weeks, the Department of Energy said.
November 19, 2007Class 8 Truck Sales Drop 53.1% In Oct. on Weak Freight Market
Heavy-duty retail truck sales in the United States fell 53.1% in October, the sixth straight month in which sales fell 50% or more below 2006 levels, according to WardsAuto.com.
November 19, 2007UPS Executive Urges Shippers To Back Taxes for Infrastructure
ATLANTA — UPS Inc.’s incoming chief financial officer told shippers here what freight carriers have long heard: The U.S. transportation network is so clogged — and getting worse — that Congress must create an infrastructure improvement plan and pay for it with dedicated taxes on the system’s users.
November 19, 2007FedEx Slashes Earnings Forecast
Parcel carrier FedEx on Friday cut its second-qaurter and full-year earnings forecasts, citing skyrocketing diesel prices and a weak LTL environment.
November 16, 2007CFI Raises Driver Pay
Contract Freighters Inc., Joplin, Mo., said it will raise pay for all drivers by 1 cent per mile.
November 16, 2007Transportation Spending Bill Clears House
The House of Representatives has approved a transportation spending bill that would bar Mexican trucks from operating in the U.S., Bloomberg News reported.
November 15, 2007Appeals Court Strikes Down CAFE Standards for Light Trucks
A federal appeals court ruled that Department of Transportation failed to take into account the value of reducing carbon emissions in setting the rules for 2008-2011 model light trucks and sport utility vehicles, Bloomberg News reported Thursday.
November 15, 2007Philadelphia Factory Index Rises
Manufacturing levels strengthened in the Philadelphia area this month, the Federal Reserve Bank of Philadelphia said Thursday.
November 15, 2007