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Logistics News
Business, Logistics

Truck Tonnage Growth Slows

Growth in U.S. truck tonnage slowed significantly in September as the national economy contracted during the third quarter, and a major freight-matching service said last week the spot market for truckload service fell well below year-ago levels as the fourth quarter got under way.

November 3, 2008
Government, Business, Safety, Logistics

NTSB Adds EOBRs to ‘Most Wanted’ List

The National Transportation Safety Board has added mandatory use of electronic onboard recorders to its annual list of “most wanted” safety reforms.

October 31, 2008
Government, Business, Safety, Fuel, Logistics

Maritime Commission to Challenge SoCal Ports’ Trucks Program

The Federal Maritime Commission voted to seek a court order to stop parts of the southern California ports of Los Angeles and Long Beach’s clean trucks program, the Associated Press reported.

October 30, 2008
Business, Safety, Government, Logistics

Pacer’s 3Q Income Rises 52%

Transportation and third-party logistics firm Pacer International’s third-quarter profit rose 52% to $20.4 million, or 59 cents a share, from $13.4 million, or 38 cents, a year ago.

October 29, 2008
Business, Logistics

Canadian Pacific’s 3Q Income Slips

Canadian Pacific Railway’s third-quarter net income fell to C$173 million, or C$1.11 a share, from C$219 million, or C$1.41, a year ago.

October 28, 2008
Business, Logistics, Fuel, Government

Diesel Tumbles 19.4¢ to $3.288; Gas Plunges 25.8¢ to $2.656

Diesel’s national average pump price fell for the 14th time in 15 weeks, declining 19.4 cents to $3.288 a gallon, its lowest price since February, the Department of Energy said Monday.

October 28, 2008
Business, Logistics, Government

Gasoline Plunges 53¢ in Two Weeks, to $2.78 a Gallon, Lundberg Says

The national average price of regular gasoline plunged 53 in the two weeks ended Friday to $2.78 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

October 27, 2008
Government, Business, Fuel, Logistics

Fuel Prices Continue Slide

The national average price of diesel fuel fell another 17.7 cents to $3.482 a gallon last week, the lowest level since mid-February, the Department of Energy reported.

October 27, 2008
Business, Logistics

Existing Home Sales Rise 5.5%

Existing homes sales jumped 5.5% in September to the highest level in a year, the National Association of Realtors said Friday.

October 24, 2008
Business, Logistics

Union Pacific’s 3Q Profit Jumps 32%

Union Pacific Corp. said Thursday its third-quarter profit rose 32% to $703 million, or $1.38 per share, from $532 million, or $1.00 per share, last year.

October 23, 2008
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