Deutsche Post Splitting Logistics Unit
Deutsche Post AG will split its logistics division into two businesses, and the company appointed managers for the new units, Bloomberg reported Tuesday.
March 4, 2008Diesel Jumps 10.6¢ to Record $3.658
3he average national price of retail diesel fuel jumped 10.6 cents to a record $3.658 a gallon, following last week’s record $3.552, the Department of Energy said.
March 4, 2008Norfolk Southern Opens Ohio Intermodal Terminal
Norfolk Southern Corp. said it opened a new intermodal terminal near Columbus, Ohio.
March 4, 2008Wright Express Completes Pacific Pride Acquisition
Wright Express Corp., which provides payment processing and information management services to fleets, said Monday it completed its $32 million acquisition of privately held Pacific Pride Services.
March 3, 2008Wabash Sets Plans for New Trailer Plant
Trailer manufacturer Wabash National said it is planning to construct a $25 million trailer manufacturing plant in Franklin, Ky. as part of a new cost-savings initiative.
February 29, 2008TransForce's 4Q Income Falls on Goodwill Charge
Canadian transportation firm TransForce Income Fund said Thursday it lost C$30.8 million, or 36 cents a share, in the fourth-quarter as a result of a C$56 million write-off of goodwill associated with the Fund’s Oilfield Services division.
February 28, 2008Teamsters, DHL Reach Tentative Pact
The Teamsters union said Wednesday its national negotiating committee reached a tentative agreement on an agreement with package carrier DHL.
February 27, 2008Contrans’ 4Q Profit Dips Slightly
Canadian firm Contrans Income Fund said Wednesday its fourth-quarter income was C$7.5 million, or 31 cents per unit, compared with C$7.8 million, or 31 cents, a year ago.
February 27, 2008Schenker Chairman Hagar Resigns
Hans-Jörg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.
February 26, 2008Diesel Jumps 15.6¢ to a Record $3.552 a Gallon
The national average price of diesel fuel jumped 15.6 cents to a record $3.552 a gallon, shattering the previous mark set three months ago by 10.8 cents, the Department of Energy said Monday.
February 26, 2008