Wholesale Inventories Unchanged in October
Wholesale inventories were flat in October, while sales jumped 0.7%, the Commerce Department said Wednesday.
December 12, 2007Old Dominion Buys Denver Carrier
Old Dominion Freight Line said it would purchase some assets of Bullocks Express Transportation, a Denver-based trucking company.
December 12, 2007Covenant to Take Modest Loss or Break Even in 4Q
Truckload carrier Covenant Transportation Group said Wednesday it expects to report break-even to a net loss of 10 cents per share for the fourth quarter.
December 12, 2007October Trade Gap Rises 1.2%
The U.S. trade deficit widened in October as crude oil prices surged, the Commerce Department said Wednesday.
December 12, 2007FedEx Ground Plans $87 Million Ohio Hub
FedEx Corp. said Tuesday it will be build an $87 million facility in Ohio for its FedEx Ground unit, as part of plans to double its North American ground shipping capacity.
December 11, 2007DOE Boosts ’08 Diesel Price Forecast
The Department of Energy sharply boosted its projections for diesel fuel prices into 2008, raising its forecast from a month ago by 18 cents a gallon for this month alone, to an average of $3.36 a gallon.
December 11, 2007N.Y. Thruway Truck Tolls Set to Rise in January
Truck traffic will shift to secondary roads if a proposed toll increase on the New York state Thruway goes into effect, business leaders told state lawmakers Monday, the Rochester (N.Y.) Democrat and Chronicle reported Tuesday.
December 11, 2007ArvinMeritor Buying Canadian Company; Affirms Forecast
Heavy-duty parts maker ArvinMeritor said Tuesday it will acquire Mascot Truck Parts, based in Ontario, Canada. Terms were not disclosed.
December 11, 2007Diesel Drops 9.1¢ to $3.325
The national average price of diesel fuel fell for a second straight week, dropping 9.1 cents to $3.325 a gallon, the Energy Department said Monday.
December 11, 2007Volvo Plans Layoffs at Virginia Truck Plant
Volvo Trucks North America plans to lay off up to 650 workers next month at its truck-building plant in Dublin, Va., the Associated Press reported.
December 10, 2007