Echo Acquires One Stop Logistics for $37.3 Million
Echo Global Logistics Inc. said it has acquired Watsonville, California-based One Stop Logistics Inc. for $37.3 million.
May 14, 2014Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Wheels Group Reports First Quarter Loss
Canadian logistics company Wheels Group reported a net loss in the first quarter, due in part to a “challenging operating environment.”
May 14, 2014MHC Kenworth Adds Georgia Dealership
MHC Kenworth said it is opening a new dealership in Conyers, Georgia, so customers have accessible service points throughout the Atlanta region despite the area’s traffic.
May 14, 2014Wholesale Prices Rise by Most in More Than a Year
Wholesale prices in the United States rose 0.6% in April, the largest increase in more than a year, the Labor Department reported.
May 14, 2014Senator Urges Fuel-Tax Hike
WASHINGTON — Sen. Tom Carper (D-Del.) said Congress should raise federal fuel taxes in order to restore its purchasing power, and suggested there may be small signs of growing support among colleagues.
May 13, 2014Key Republican Senator Urges Action on His Infrastructure Legislative Fix
Sen. Roy Blunt (R-Mo.) called on congressional colleagues May 13 to support his bill that would establish a $50 billion infrastructure fund financed with multinational companies’ repatriated foreign profits.
May 13, 2014VW Secures Backing to Complete Scania Bid, Bolster Heavy-Trucks Division
Volkswagen AG secured enough backing to move forward with its $9.2 billion bid for Scania AB, removing the last major obstacle to a nearly decadelong effort to forge an integrated heavy-trucks unit.
May 13, 2014Diesel, Gasoline Each Dip 1.6¢ in Second Straight Declines
Diesel and gasoline each slipped 1.6 cents, their second straight drops, with diesel declining to $3.948 a gallon, the Department of Energy reported May 12.
May 13, 2014Retail Sales Rise 0.1% in April, Following Largest Gain in Four Years
Retail sales increased 0.1% in April after the biggest increase in four years, the Commerce Department reported May 13.
May 13, 2014Foxx Calls on Congress to Boost Highway Trust Fund
WASHINGTON — Transportation Secretary Anthony Foxx ramped up his call May 13 for congressional leaders to fund infrastructure projects around the country by shoring up a federal highway account that is expected to be insolvent in August.
May 13, 2014