Logistics

Existing homes sales 17% in December but rose last year for the fist time in four years, the National Association of Realtors said Monday.

Gasoline’s national average price fell 1.4 cents over the past two weeks to an average $2.72 a gallon, according to the latest Lundberg Survey of fuel prices released Sunday.

The national diesel average declined 0.9 cent to $2.87 last week as pump prices moderated after a sharp spike the prior three weeks, the Department of Energy reported.

England Logistics said that it has given approval to operate in China and has opened offices in five cities.

Diamond Phoenix and System Logistics have completed their merger and are now operating as one company under the System Logistics Corp. name, the company said Wednesday.

Union Pacific Corp. said Thursday its fourth-quarter profit fell 17% from a year ago as freight demand declined.

CSX Corp.’s fourth-quarter earnings rose 23% from the same period last year but shipping volumes continued to fall, the Associated Press reported.

In the “Letters & Comments” section of your Jan. 4 issue, BNSF Railway Group Vice President Stephen Branscum sought to clarify a comment from a recent conference, published in a story in Transport Topics. In his letter, he cited as accurate “BNSF’s willingness to work with shippers and American Trucking Associations to develop progressive.

UPS Inc. said that it will expand its global service parts logistics network by adding 101 new field stocking locations in China.

BlueGrace Logistics said that it has launched an iPhone application for calculating shipping quotes from multiple carriers.