Less-than-truckload carrier YRC Worldwide said Tuesday it closed a previously announced deal to buy Chinese LTL firm Shanghai Jiayu Logistics.
August 19, 2008Search
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Editorial: Fuel Prices Power Technology
We’ve now had four reasonably sharp weekly declines in the national average price of diesel fuel. While retail prices have dropped more than 41 cents a gallon over that span, the average is still astronomically high — $1.506 more than the average one year ago.
August 18, 2008Diesel Falls Again, Dropping 14.2¢ to $4.207 a Gallon
Diesel fuel’s national average retail price fell for the fifth straight week Monday, plunging 14.2 cents to $4.207 a gallon, the Department of Energy said Monday.
August 19, 2008Diesel Drops 14.9¢ to $4.353 a Gallon
The national diesel average declined 14.9 cents last week to $4.353 a gallon, the fourth straight drop that has lowered the price of trucking’s main fuel by 41.1 cents a gallon, the Department of Energy reported.
August 18, 2008Mullen’s 2Q Income Improves
Canadian transportation firm Mullen Group Income Fund’s second-quarter profit rose to C$19.9 million, or 25 cents a unit, from C$16.6 million, or 21 cents, a year ago.
August 13, 2008Diesel Plunges 14.9¢ to $4.353
Diesel fuel’s national average pump price continued to slide Monday, falling 14.9 cents to $4.353 a gallon, the Energy Department said.
August 12, 2008Warehousing: Fleets Acquire Storage Space to Expand Role in Supply Chain
The cost advantage offered by shipping direct and avoiding paying for warehousing and inventory is dwindling, possibly forever, as the price of fuel rises. As a result, more carriers have started looking at warehousing to play a larger role in the logistics process.
August 11, 2008Bush Orders Expedited Columbia River Crossing in Pacific Northwest
The Columbia River Crossing between Portland, Ore., and Vancouver, Wash., has received national priority status from the White House to expedite the project, the U.S. Department of Transportation said late Tuesday.
August 5, 2008Pacer’s 2Q Income Improves
Transportation and third-party logistics firm Pacer International said late Tuesday its second-quarter profit rose 10.4% to $13.8 million, or 40 cents a share, from $12.5 million, or 34 cents, a year ago.
August 5, 2008C.H. Robinson Worldwide Acquires Canadian Forwarder
Transportation and third-party logistics firm C.H. Robinson Worldwide said Monday it has acquired Transera International Holdings Ltd., a project forwarding company based in Calgary, Alberta, Canada.
August 4, 2008