Freight railroad BNSF Railway Co. is parking miles of rail cars in some parts of the country because there is not enough freight to keep them moving, the Associated Press reported Monday.
April 7, 2008
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Business, Safety, Logistics
Norfolk Southern to Take 1Q Charge on Accident Settlement
Eastern freight rail line Norfolk Southern Corp. said Monday it will take a first-quarter charge of 2 cents per share, related to settlement of an accident claim.
April 7, 2008Government, Business, Logistics
BNSF Idles Freight Cars Due to Downturn
Business, Government, Safety, Logistics, Fuel
Diesel Dips 2.5¢ to $3.964
The national average retail diesel price dipped 2.5 cents a gallon last week after six straight increases, the Department of Energy reported, even as gasoline rose 3.1 cents to set a new record high.
April 7, 2008Business, Logistics, Fuel
Diesel Jumps 7.6¢ to $3.015
Diesel jumped 7.6 cents to a national average $3.015 a gallon — the first time in 17 months it has topped the $3 mark, the Department of Energy said Monday.
April 5, 2008Government, Business, Safety, Logistics
Menlo Boosts Use of SmartWay-Approved Carriers
Menlo Worldwide Logistics, a subsidiary of Con-way Inc., said Thursday it is increasing its use of carriers approved by the U.S. Environmental Protection Agency’s SmartWay program.
April 3, 2008Business, Logistics
Pacer, BNSF Expand Intermodal Service
Pacer International said it has expanded intermodal services between its Pacer Stacktrain unit and BNSF Railway Co., which will allow it to begin full service on BNSF’s network.
April 2, 2008Business, Logistics, Fuel, Government
Diesel Declines 2.5¢ to $3.964; Gasoline Climbs to Record $3.29
Diesel’s national average pump price saw its first decline in two months, falling 2.5 cents Monday to $3.964 a gallon, the Department of Energy reported.
April 1, 2008Business, Logistics
US1 Reports Lower 4Q, Full-Year Earnings
Logistics firm US 1 Industries said its fourth-quarter net income was $600,000, or 5 cents a share, down from $1.4 million, or 11 cents, a year ago.
April 1, 2008Business, Logistics
AutoInfo Reports Lower Earnings
Logistics provider AutoInfo Inc. said it earned $392,000, or 1 cent per share, in the fourth quarter of 2007, compared with a profit of $443,000, or 1 cent, a year earlier.
March 31, 2008Business, Logistics, Government
Chicago Manufacturing Index Gains, But Shows Contraction
Manufacturing activity in the Chicago region improved this month, but showed contraction, the National Association of Purchasing Management said Monday.
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