Diesel Dips 0.8¢ to $2.221; Oil Hits Seven-Week Low
The national average price of diesel fuel fell by less than a penny, dipping 0.8 cent to $2.221 a gallon, the Department of Energy reported.
April 21, 2009Load Volumes Decline for Logistics Firms but Gross Margins Rise, Voltmann Says
Freight brokers and logistics providers, who met earlier this month in San Antonio, provided more evidence of the bleak condition of the freight transportation business and also moved to gather data on the size of their segment of the industry.
April 21, 2009Canadian National’s 1Q Income Improves
Canadian National Railway said late Monday its first-quarter net income rose to C$424 million, or 90 cents a share, from C$311 million, or 64 cents, a year ago.
April 20, 2009Norfolk Southern Wins Ethanol Depot Ruling
A federal judge ruled that Norfolk Southern Corp. can continue operating an ethanol-transfer station in Alexandria, Va., overruling a local ordinance, Bloomberg reported.
April 17, 2009US 1 Reports Flat Fourth-Quarter Income
Logistics firm US 1 Industries said its fourth-quarter net income was flat at $582,000, or 4 cents a share, compared with $579,000, or 4 cents, a year earlier.
April 15, 2009CSX 1Q Profit Falls 27%
Eastern freight railroad CSX Corp. said its per-share profit fell 27% in the first quarter.
April 15, 2009SoCal Ports Facing West Coast Competition
The Southern California Ports of Los Angeles and Long Beach are losing business to other West Coast ports, even as the Port of Long Beach approved a $750 million expansion, news services reported.
April 14, 2009Dupre Logistics Purchases Logistics Plus
Dupre Logistics said it has purchased Logistics Plus to offer more services to the beverage industry.
April 14, 2009Economic Doldrums Affect Two IT Meeting Schedules
The The Information Technology & Logistics Council, citing economic conditions, postponed until midsummer its annual conference, originally scheduled for March 22-25.
April 13, 2009Gasoline Gains 9.6¢ to $2.048 a Gallon
Gasoline’s national average price rose nearly a dime in the three weeks ended Friday to $2.048 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 13, 2009