Logistics Spending Rises, Led By Warehouse Services
Business spending on transportation and logistics hit $1.39 trillion last year, an increase from $1.35 trillion the year before, according to the 25th annual “State of Logistics” report.
June 23, 2014FedEx Net Income Gains in Fiscal 4th Qtr.
A stronger result from FedEx Freight provided the greatest impetus last week for parent FedEx Corp.’s fiscal fourth-quarter earnings to rise to $730 million.
June 23, 2014A Passion for Collecting, Displaying Art
Celadon Group Inc. Chairman Stephen Russell has a passion for collecting art — as is reflected throughout the Indianapolis headquarters.
June 23, 2014Man on a Mission Helps Students Graduate And Start Out on the Right Path in Life
To the educators and students at Herron High School, Stephen Russell is a trucker with a heart — and a man on a mission to set young people on the right path in life
June 23, 2014Mobileye Plans Initial Public Offering
Collision-avoidance technology provider Mobileye N.V. has filed to raise up to $100 million through an initial public offering in the United States.
June 20, 2014Key House Democrat Aims to Take His Infrastructure Bill Viral
Maryland Democrat Rep. John Delaney unveiled a website June 17 to draw attention to a bill he introduced last year that would create a $50 billion infrastructure fund.
June 20, 2014Inspectors Confirm Dirt Pile Caused I-495 Bridge Piers to Buckle
Federal Highway Administration inspectors have confirmed earlier suspicions that a 50,000-ton pile of fill dirt placed adjacent to the I-495 Christina River Bridge site in Wilmington, Delaware, caused a buckling of four of the bridge’s 37 piers that led to its closing earlier this month.
June 20, 2014US Housing Recovery Faltering
The Mortgage Bankers Association on June 19 lowered its new and existing home sales forecast for the year to 5.28 million — a decrease of 4.1% that would be the first annual drop in four years.
June 20, 2014Mack Trucks to Aid Customers in Alt-Fuel Grant Process
Mack Trucks announced it is working with Sustainability Initiatives Group (SIG) to help dealers and customers navigate the grant process to obtain public funding for alternative fuel- and clean diesel-powered vehicles.
June 20, 2014Premier Trailer Leasing Buys Trailer Fleet
Premier Trailer Leasing said it has acquired certain assets of Trailer Fleet International. Terms were not disclosed.
June 20, 2014