Logistics News
Diesel Price Unchanged at $3.28
The average national price of retail diesel fuel held at $3.28 a gallon from a week ago, the Department of Energy said Monday.
February 11, 2008Wabash鈥檚 Profit Improves; Sales Dip
Trailer maker Wabash National Corp. said Monday its fourth-quarter profit was $5.6 million, or 18 cents a share, compared with a loss of $5 million, or 16 cents, a year ago.
February 11, 2008NHTSA Seeks Ways to Use Technology to Reduce Truck-Involved Fatalities
A high-ranking federal safety regulator said truck-involved fatalities have been stuck at a 鈥渞elatively flat鈥 level for years, and that trend leads officials at the National Highway Traffic Safety Administration to recommend using 鈥淏uck Rogers鈥-style technologies to lower accident rates.
February 11, 2008Towne Air Freight Buys Synergy Cargo Logistics
Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.
February 11, 2008Hub Group鈥檚 Fourth-Quarter Earnings Improve
Third-party logistics company and freight broker Hub Group鈥檚 fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.
February 7, 2008Diesel Rises 2.1垄 to $3.28 a Gallon
The average national price of retail diesel fuel rose 2.1 cents to $3.28 a gallon, the Department of Energy said Monday.
February 5, 2008Express-1 Unit Buys Logistics Firm
Express-1 Expedited Solutions said it bought Concert Group Logistics for $9 million in cash and 4.8 million shares of stock.
February 4, 2008Truck Tonnage Rises 1.4% in December
December truck tonnage increased by 1.4% from year-ago levels, the first back-to-back improvement in freight volume since May and June 2006, American Trucking Associations reported in its national index.
February 4, 2008New Border Security Rules Take Effect
New rules for the types of identification that U.S. and Canadian citizens must present to cross into the country took effect Thursday and authorities were optimistic the changes would not cause significant delays, the Associated Press reported.
January 31, 2008C.H. Robinson鈥檚 4Q Profit Improves
Transportation and logistics firm C.H. Robinson Worldwide鈥檚 fourth-quarter profit rose to $85.3 million, or 49 cents a share, from $71.8 million, or 41 cents, a year ago.
January 29, 2008