A.P. Moeller-Maersk raised its profit forecast, saying its container line, the world’s largest, recovered faster than anticipated as freight prices have returned to levels before the global financial crisis, Bloomberg reported.
July 8, 2010BusinessLogisticsEquipment
Great Dane President Phill Pines to Retire at End of Year
Great Dane Trailers president and chief operating officer Phill Pines will retire at the end of this year after more than 50 years in the trailer industry, the company said Thursday.
July 8, 2010Business
New Jobless Claims Fall 21,000 for Week
Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.
July 8, 2010Business
Opinion: How to Save on Workers’ Compensation
With the trucking industry slowly emerging from hard times at last, it ought to be unalloyed good news that motor carriers are reporting fewer workers’ compensation claims than before. Unfortunately, it is also true that both the average cost per claim and injury rate are higher for trucking than other industries.
July 8, 2010FuelBusiness
DOE Keeps 2010 Diesel Forecast Under $3 a Gallon
Diesel’s national retail price will average $2.98 a gallon this year, the Department of Energy said in boosting its most recent prediction by 2 cents.
July 8, 2010Business
Daimler, Unions Set Three-Year Pact at Portland Truck Plant
Daimler Trucks North America said it has reached new three-year collective bargaining agreements covering union workers at its truck plant in Portland, Ore.
July 7, 2010Business
Virginia Eyes Plans for Rest-Area Savings
Virginia Gov. Bob McDonnell (R) is seeking ideas on reducing costs at the state’s 41 rest areas and welcome centers, 19 of which were closed last summer, the Richmond Times-Dispatch reported Wednesday.
July 7, 2010Business
Public-Private Projects Advance in Georgia, Ohio
Public-private intermodal projects in Ohio and Georgia that involve CSX Transportation moved a step closer to completion this month.
July 7, 2010BusinessFuel
Diesel Drops 3.2¢ to $2.924 a Gallon
Diesel fuel’s national average fell 3.2 cents to $2.924 a gallon, its seventh decline in eight weeks and matching the lowest price since mid-March, the Department of Energy said Tuesday.
July 7, 2010BusinessFuel
Oil Rises for First Time in a Week
Oil prices rose Tuesday for the first time in six trading days to just under $73 a barrel as the dollar weakened against the euro, Bloomberg reported.
July 6, 2010