Diesel Average Drops 6.7¢ to $2.866
Diesel’s average pump price fell 6.7 cents to $2.866 a gallon, continuing its seven-month downward trend and the lowest price in almost five years, the Department of Energy reported.
February 2, 2015Obama’s Budget Will Boost Grant Funds to Promote Freight Movement, Foxx Says
WASHINGTON — President Obama’s upcoming budget request for the Department of Transportation will include parts of the four-year, $302 billion transportation plan the administration unveiled last year, Transportation Secretary Anthony Foxx told lawmakers.
February 2, 2015Cardinal Logistics Appoints Tom White as Chairman
Cardinal Logistics Management Corp. announced it appointed Tom White as executive chairman.
January 30, 2015FedEx Completes Genco Acquisition
FedEx Corp. has completed its acquisition of Genco Distribution System Inc., which it described as one of the largest third-party logistics providers in North America.
January 30, 2015Jan. 30 Earnings Roundup: Paccar, Saia
Paccar Inc. and Saia Inc. reported higher fourth-quarter earnings.
January 30, 2015Economy Expands by 2.6% in Fourth Quarter
Gross domestic product grew at a 2.6% annualized rate after a 5% gain in the third quarter that was the fastest since 2003, Commerce Department figures showed Jan. 30 in Washington.
January 30, 2015Consumer Sentiment Rises to 11-Year High
American consumer confidence reached an 11-year high in January as a strengthening labor market and plunging gas prices kept households looking on the bright side.
January 30, 2015Three Plead Guilty in Brooklyn to Federal CDL Fraud
Three people in Brooklyn, New York, pleaded guilty to fraud charges regarding tests for commercial driver licenses, according to two federal agencies.
January 30, 2015Obama’s Budget Request Includes Freight Grant Program, Foxx Says
WASHINGTON — President Obama's upcoming budget request for the Department of Transportation will include parts of the four-year, $302 billion transportation plan the administration unveiled last year, Transportation Secretary Anthony Foxx told lawmakers.
January 30, 2015Jan. 29 Earnings Roundup: Landstar, Werner Say Profits Rose by About Half
Landstar System Inc. and Werner Enterprises Inc., two of the largest truckload carriers, announced fourth-quarter earnings increases of 53% and 48%, respectively, to continue the positive trend in the sector.
January 29, 2015