YRC Worldwide said that it has changed the name of its logistics unit Meridian IQ to YRC Logistics, and that it has entered into a preliminary agreement to buy a big Chinese logistics and trucking company.
June 27, 2007Search
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Chicago Manufacturing Index Dips in June
Manufacturing activity in the Chicago declined but held near a two-year high this month, the National Association of Purchasing Management said Friday.
June 29, 2007DHL Buys Stake in Polar Air
Package delivery firm DHL said Thursday it acquired a 49% stake Polar Air Cargo Express, a unit of Atlas Air Worldwide Holdings, to expand its business in the Asia-Pacific region.
June 28, 2007So. Calif. Emissions Rules Could Boost New Truck Sales
A push for lower emissions from heavy-duty trucks, coupled with grants from state and localities in order to meet Southern California鈥檚 air-quality standards, are prompting interest in and sales of new trucks in the region, the Long Beach Press-Telegram reported Monday.
June 25, 2007CTA Cites Border Concerns
The Canadian Trucking Alliance said it sees some positives in the U.S. cross-border passport rules, but still has concerns about the implications for cross-border truck traffic between the United States and Canada.
June 22, 2007Diesel Rises 1.3垄 to $2.805; Gas Falls to Just Over $3
Diesel fuel鈥檚 national average retail price rose 1.3 cents $2.805 a gallon, while gasoline fell 6.7 cents but remained just over $3, the Department of Energy said Monday.
June 19, 2007Diesel Dips 0.7垄 to $2.792; Gas Plunges 8.1垄 to $3.076
Diesel fuel鈥檚 national average retail price dipped 0.7 cent $2.792 a gallon and gasoline's pump price plunged, the Department of Energy said Monday.
June 12, 2007Letters to the Editor: Double Brokering, Gasoline Prices
I believe the Transportation Intermediaries Association should solve the problem of 鈥渄ouble-brokering鈥 before trying to convince regulators to allow third-party logistics providers to join the Customs-Trade Partnership Against Terrorism.
June 8, 2007Hub Group Buys Intermodal Firm
Third-party logistics company and freight broker Hub Group said it will acquire the assets of Interdom Partners, an intermodal marketing company, for $26 million.
June 7, 2007Ceva Secures EGL Financing
The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.
June 6, 2007