ArvinMeritor Buying Canadian Company; Affirms Forecast
Heavy-duty parts maker ArvinMeritor said Tuesday it will acquire Mascot Truck Parts, based in Ontario, Canada. Terms were not disclosed.
December 11, 2007Diesel Drops 9.1¢ to $3.325
The national average price of diesel fuel fell for a second straight week, dropping 9.1 cents to $3.325 a gallon, the Energy Department said Monday.
December 11, 2007Storm Strikes Pacific Northwest
A storm with hurricane-force winds and torrential rainfall swept across the Pacific Northwest early last week, snarling transportation in Washington and Oregon and flooding a crucial freight-carrying highway.
December 10, 2007Dynamex Reports Higher 1Q Profit
Logistics and delivery firm Dynamex Inc. reported its fiscal first-quarter net income rose to $4 million or 39 cents a share, from $3.6 million or 34 cents a year earlier.
December 6, 2007Teamsters, Canadian Pacific Reach Tentative Pact
The Teamsters Canada Rail Conference, which represents 4,500 locomotive engineers and conductors, reached an agreement with rail line Canadian Pacific on a revised tentative five-year contract settlement, CP said.
December 6, 2007Floods Close Stretch of I-5 in Northwest
Severe floods in the Pacific Northwest have closed a stretch of Interstate 5 until at least Thursday, news reports said.
December 5, 2007Fenway Leads Acquisition of Logistics Firm
Private-equity firm Fenway Partners said Tuesday it has acquired a majority interest in East Coast Warehouse & Distribution Corp. and related companies, including Safeway Trucking Corp.
December 4, 2007Diesel Drops 2.8¢ to $3.416
The national average price of retail diesel fuel fell 2.8 cents from last week’s all-time record to $3.416 a gallon, the Department of Energy reported Monday.
December 4, 2007Ultra Logistics Unveils Upgraded Software Program
Ultra Logistics has launched a new version of its software program that it said will offer greater flexibility to shippers managing their supply chains.
December 3, 2007SoCal Ports Set Emissions Reduction Plan
Southern California’s ports are about to begin a multibillion-dollar program that is being watched all over the world to repair, replace or clean up engines to reduce pollution, the New York Times reported Monday.
December 3, 2007