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Logistics News
Business, Logistics, Government

New, Existing Home Sales Decline In November

Sales of both existing and new homes fell in November, the National Association of Realtors and the Commerce Department said Tuesday.

December 23, 2008
Business, Government, Logistics

Hub Group Downgrades 4Q Outlook

Third-party logistics company and freight broker Hub Group said its full-year 2008 earnings will be lower than previously estimated, due to sluggish intermodal and brokerage volumes and pricing.

December 18, 2008
Business, Logistics

Wabash National Sets Agreement with PODS

Trailer maker Wabash National Corp. and PODS Enterprises signed a multi-year agreement for Wabash to build and service all of PODS’ portable storage container requirements.

December 17, 2008
Fuel, Business, Logistics, Government

Diesel Falls 9.3¢ to $2.422

Diesel fuel’s national average price fell 9.3 cents to $2.422 a gallon, while gasoline’s decline slowed, the Energy Department said Monday.

December 16, 2008
Business, Logistics

Wabash Suspends Dividend Payments

Trailer maker Wabash National Corp. said Monday it is suspending its quarterly dividend, “due to the impact of continued weak economic conditions and the uncertainty regarding the timing of a recovery.”

December 15, 2008
Business, Logistics

Wabash to Lay Off 800 Workers Due to Slowdown

Wabash National Corp. said it will lay off 800 employees at its Lafayette, Ind., factory following a two-week holiday shutdown ending Jan. 5.

December 11, 2008
Business, Logistics, Government

Schneider Expands Regional Service

Truckload carrier Schneider National said Wednesday it is extending its regional service to customers in the south-central United States, increasing its regional footprint to 16 states in less than a year since it first launched the offering.

December 10, 2008
Fuel, Business, Logistics, Government

Diesel Drops a Dime to $2.515; Gas Near 5-Year Low at $1.699

Diesel fuel’s national average price fell by a dime to $2.515 a gallon, while gasoline fell 11.2 cents to near a five-year low, the Department of Energy said Monday.

December 9, 2008
Business, Logistics, Government

Gasoline Drops 22¢ Over Two Weeks to $1.75 a Gallon, Lundberg Says

The national average price of regular gasoline plunged another 22 cents in the two weeks ended Friday, to $1.75 a gallon, the lowest price in almost five years, according to the latest Lundberg Survey of filling stations released Sunday.

December 8, 2008
Government, Business, Safety, Logistics

FedEx Sets 5.7% LTL Rate Increase

FedEx Corp.’s less-than-truckload units FedEx Freight and FedEx National LTL have each set a 5.7% general rate increase, effective Jan. 5.

December 8, 2008
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