Diesel Slips 0.7¢ to $2.801 a Gallon
Diesel’s national average price fell for the first time in five weeks, dipping 0.7 cent — the same as last week’s increase — to $2.801 a gallon, the Department of Energy reported Monday.
November 10, 2009TT Logistics 50: Firms Seek Ways to Cut Costs to Cope With Revenue Drop in 2009
Logistics service providers are adjusting as the global economic downturn has caused many companies to curtail production and reduce inventories, stalling the longtime trend of expanding international trade, thereby reducing demand for transportation services in North America.
November 9, 2009Gasoline Price Increase Slows
Gasoline’s national average price rose by an average 3 cents over the past two weeks to $2.68 a gallon, slowing its recent increases, according to the latest Lundberg Survey of filling stations released Sunday.
November 9, 2009Logistics Scorecard
Consistent with the notion that every cloud has a silver lining, achievers in the logistics business are finding opportunities in difficult times.
November 9, 2009Five States Seek $300 Million Federal Grant for Intermodal Development on East Coast
Five states have formed a coalition to seek a $300 million federal grant to help pay for intermodal development and improvements along the Norfolk Southern Railroad corridor that stretches from New Orleans to New York City.
November 9, 2009BirdDog Logistics Acquires Churchill Transport
Freight broker BirdDog Logistics Services said that it has acquired Churchill Transport Group, a third-party logistics firm.
November 6, 2009J.B. Hunt, Norfolk Southern Set Intermodal Deal
J.B. Hunt Transport Services said that it has reached a multi-year deal with Norfolk Southern Corp. in which the railroad will provide intermodal service for the carrier in the eastern U.S.
November 6, 2009Wabash National’s 3Q Operating Loss Narrows
Trailer manufacturer Wabash National Corp. said its third-quarter loss widened but its operating loss declined from the same quarter last year.
November 5, 2009Pacer’s 3Q Profit Falls
Transportation and third-party logistics firm Pacer International said its third-quarter profit fell to $600,000, or 2 cents per share, compared with $20.8 million, or 59 cents, a year earlier.
November 4, 2009Expeditors’ Third-Quarter Income Falls 33%
Logistics firm Expeditors International of Washington said Tuesday its third-quarter net income fell 33% to $57.8 million, or 27 cents a share, from $85.6 million, or 39 cents, a year ago.
November 3, 2009