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Transport Topics As low as $1.82 per issue >> |
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| Aug. 8, 2011 |
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A Daily Update from Transport Topics |
IN THIS ISSUE:
FedEx Freight Sets 6.75% Rate Increase
Threat to End Federal Fuel Taxes Concerns Transportation Officials
Editorial: Beware the Next Threat
And more...
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| Transport Topics | Pacer International, Inc. | Clean Energy |
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FedEx Freight Sets 6.75% Rate Increase
FedEx Freight, the less-than-truckload unit of FedEx Corp., said Monday it will implement a 6.75% general rate increase, effective Sept. 6. Threat to End Federal Fuel Taxes Concerns Transportation Officials Faced with the expiration in September of federal transportation taxes on gasoline and diesel fuel, highway advocates say they are increasingly worried that the anti-tax, anti-government rancor that characterized the debt ceiling battle could endanger the nation’s transportation system. Click here to view this week’s cartoon: "How Hot Is It?" Scroll down for more stories.
Editorial: Beware the Next Threat Just when it seemed that the worst of the mayhem caused by Washington’s bizarre handling of the debt-limit crisis appears to have passed — as Congress broke for its summer recess — enter the latest peculiar chapter. Oil Falls to Near $83 a Barrel Oil fell to an almost eight-month low near $83 a barrel in early trading Monday, following Friday’s downgrade of a U.S. credit rating, Bloomberg reported. Exxon, Shell Post Higher 2Q Profits The world’s two largest oil companies reported multi-billion-dollar second-quarter profits, up from a year ago, on higher crude oil prices. Diesel Price Dips 1.2¢ to $3.937; Crude Oil Plunges Below $87 a Barrel The national average price of retail diesel dipped 1.2 cents a gallon to $3.937 last week, the fifth time in nine weeks it has declined, the Department of Energy reported. More News Below
Navistar to Shut Ontario Truck Plant; Chassis Works Also to Close Navistar Inc. said that it will permanently close its heavy-duty truck manufacturing plant in Chatham, Ontario, which has been mothballed for two years because of a labor dispute. Post Office Loses $3.1 Billion in Third Quarter The U.S. Postal Service said it lost $3.1 billion in its fiscal third quarter ended in June, compared with a $3.5 billion loss a year ago. Broker Echo Global Logistics in Expansion Mode, CEO Says Freight brokerage firm Echo Global Logistics is involved in an expansion strategy through acquisition, the CEO of the Chicago-based company said in an interview.
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