Logistics
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Diesel Average Falls 3.2¢ to $2.782 Per Gallon; Eighth Consecutive Weekly Drop
Diesel’s national average price declined for the eighth consecutive week, dropping 3.2 cents to $2.782 per gallon, according to a report from the Department of Energy on July 20. The average price of gasoline fell by the identical amount.
July 20, 2015Mack Lands Two Canadian Defense Contracts
The defense division of Mack Trucks has won two contracts to supply vehicles to the Canadian military.
July 20, 2015Radiant Logistics Announces Stock Sale
Radiant Logistics Inc. announced a public offering of 6.67 million shares at $6.75 per share.
July 20, 2015Marten Transport, CSX Profits Rise 5%; Lower Fuel Prices Aid Both in 2nd Qtr.
Marten Transport Ltd. and CSX Corp. last week kicked off the reporting season for second-quarter earnings with each posting 5% growth in profits.
Gas Tops Diesel for First Time Since ’09 as Calif. Refinery Outages Pinch Supply
The national average price of diesel fuel fell below gasoline for the first time in almost six years after diesel dipped and soaring gas prices in California caused the fuel’s national figure to jump.
Consumer Sentiment in US Backpedals Over Concerns About Economy
Consumer confidence declined in July on concerns global risks will dim prospects for the U.S. economy.
July 17, 2015Wilson Named CEO at Priority Logistics
Stephen Wilson has been selected as president and CEO of Priority Logistics, replacing Tim Nolen, who has been named chairman of the board of directors.
July 13, 2015Consumer Comfort Cools After Reaching Nine-Week High
Consumer confidence in the United States eased last week from its highest level since the end of April, reflecting subdued views of the economy and buying climate.
Weekly Intermodal Rail Traffic Rises 12.3%
U.S. rail intermodal traffic rose 12.3% for the week ended July 4 as carloads continued to decline, the Association of American Railroads reported.
July 8, 2015Port Logistics Group Names New CFO
Port Logistics Group, a provider of gateway logistics services, has appointed Marty Brogden as its new chief financial officer.
July 7, 2015