Forward Air Completes Towne Acquisition
Forward Air Corp. said March 9 it has completed its $125 million acquisition of Towne Air Freight.
March 9, 2015Diesel Price Increase Slows as National Average Edges Up 0.8¢ to $2.944
Diesel’s pump price increase slowed as the fuel’s national average rose 0.8 cent to $2.944 a gallon, while gasoline’s increase also decelerated, the Department of Energy reported.
March 9, 2015Con-way Mechanics Reject Union Representation in Indiana
Mechanics at the Con-way Freight facility in Gary/Hammond, Indiana, rejected a vote to be represented by the International Association of Machinists and Aerospace Workers union.
March 9, 2015Descartes’ Income Improves for 4Q, Year
Logistics software firm Descartes Systems Group said its fourth-quarter profit improved from a year ago on higher revenue and acquisitions.
March 6, 2015Wood Creek Buys Trailer Lessor Milestone Equipment
Private equity firm Wood Creek Capital Management has acquired trailer leasing firm Milestone Equipment Holdings from Blackstone Tactical Opportunities. Terms were not disclosed.
March 6, 2015Trucking Adds 2,600 Jobs; Unemployment Rate Falls to 5.5%
Trucking added 2,600 jobs in February as the U.S. unemployment rate fell to 5.5%, the Labor Department reported.
March 6, 2015Volvo Sells $300 Million Stake in India’s Eicher Motors
Volvo Group sold 1.27 million shares in Indian auto and truck manufacturer Eicher Motors Ltd. for about $300 million.
March 4, 2015February Truck Orders Increase 7%
February Class 8 truck orders rose 7% from a year ago to 31,200, ACT Research Co. reported.
March 4, 2015Diesel Price Rises for Fourth Week, Up 3.6¢ to $2.936; Gas Jumps 14.1¢
Diesel’s national average pump price rose for a fourth straight week, gaining 3.6 cents to $2.936 a gallon, while gasoline prices jumped more than 14 cents, the Department of Energy reported March 2.
March 3, 2015California Approves DME as a Transportation Fuel
The California Department of Food and Agriculture has approved use of dimethyl ether, or DME, as a transportation fuel.
March 3, 2015