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.
Scam Artists Hit Brokers, Fleets
Logistics executive Paul Lueck, a 27-year veteran of the transportation business, thought he’d seen it all before the silver-tongued con man from what turned out to be a fictitious Jonesboro, Ark., trucking company came calling last summer.
November 17, 2008TT Logistics 50: Shippers, Carriers Seek Solutions to Logistics Challenges
Logistics companies face significant new challenges as both shippers and carriers look for ways to cope with financial turmoil, volatile fuel costs and slumping demand for goods and services.
November 17, 2008US1 Reports Higher 3Q Income
Logistics firm US1 Industries’ third-quarter profit rose to $972,000, or 7 cents a share, from $789,000, or 6 cents, a year ago.
November 14, 2008Diesel Falls Below $3 a Gallon
Diesel fuel’s national average price fell below $3 for the first time since September 2007, dropping 14.4 cents to $2.944 a gallon, the Department of Energy reported.
November 12, 2008Contrans’ Third-Quarter Income Rises
Canadian firm Contrans Income Fund’s third-quarter was C$11.4 million, or 40 cents per unit, up from C$9.1 million, or 32 cents, a year ago.
November 10, 2008Clean Energy Acquires Las Vegas CNG Stations
The Regional Transportation Commission of Southern Nevada has agreed to transfer ownership of five Las Vegas public compressed natural gas fueling stations to Clean Energy Fuels Corp., Clean Energy said Friday.
November 7, 2008Navistar Plans Production Cuts at Ontario Plant
Navistar International Corp. will scale back production and could lay off as many as 500 workers at its Ontario, Canada, truck plant, the Canadian Press reported Thursday.
November 6, 2008Mullen’s Third-Quarter Income Slips
Canadian transportation firm Mullen Group Income Fund said Thursday its third-quarter profit slipped to C$36.2 million, from C$38 million a year ago, while earnings per unit held at 45 cents.
November 6, 2008Expeditors’ 3Q Income Improves
Logistics firm Expeditors International of Washington said its third-quarter net income rose 15% to $85.5 million, or 39 cents a share, from $74.3 million, or 34 cents, a year ago.
November 4, 2008Diesel Falls Another 20¢ to $3.088
Diesel fuel’s national average pump price continued its almost four-month decline, dropping 20 cents to $3.088 a gallon, the Energy Department said Monday.
November 4, 2008