Diesel Drops 5.6¢ to $2.366; Gasoline’s Decline Slows
The national average price of diesel fuel fell 5.6 cents to $2.366 a gallon, while gasoline’s decline slowed to less than a penny, the Department of Energy reported Monday.
December 23, 2008Ryder Completes Logistics Acquisition
Ryder System said Tuesday it has completed its acquisition of a Canadian logistics firm with operations in China.
December 23, 2008New, Existing Home Sales Decline In November
Sales of both existing and new homes fell in November, the National Association of Realtors and the Commerce Department said Tuesday.
December 23, 2008Hub Group Downgrades 4Q Outlook
Third-party logistics company and freight broker Hub Group said its full-year 2008 earnings will be lower than previously estimated, due to sluggish intermodal and brokerage volumes and pricing.
December 18, 2008Wabash National Sets Agreement with PODS
Trailer maker Wabash National Corp. and PODS Enterprises signed a multi-year agreement for Wabash to build and service all of PODS’ portable storage container requirements.
December 17, 2008Diesel Falls 9.3¢ to $2.422
Diesel fuel’s national average price fell 9.3 cents to $2.422 a gallon, while gasoline’s decline slowed, the Energy Department said Monday.
December 16, 2008Wabash Suspends Dividend Payments
Trailer maker Wabash National Corp. said Monday it is suspending its quarterly dividend, “due to the impact of continued weak economic conditions and the uncertainty regarding the timing of a recovery.”
December 15, 2008Wabash to Lay Off 800 Workers Due to Slowdown
Wabash National Corp. said it will lay off 800 employees at its Lafayette, Ind., factory following a two-week holiday shutdown ending Jan. 5.
December 11, 2008Schneider Expands Regional Service
Truckload carrier Schneider National said Wednesday it is extending its regional service to customers in the south-central United States, increasing its regional footprint to 16 states in less than a year since it first launched the offering.
December 10, 2008Diesel Drops a Dime to $2.515; Gas Near 5-Year Low at $1.699
Diesel fuel’s national average price fell by a dime to $2.515 a gallon, while gasoline fell 11.2 cents to near a five-year low, the Department of Energy said Monday.
December 9, 2008