Intermodal Freight Hits Record High in 2012, Powered by Domestic Containers, IANA Says
Intermodal freight in North America set an all-time record of 14.6 million shipments in 2012, powered by continued growth in domestic container shipments during the fourth quarter, the Intermodal Association of North America announced.
February 18, 2013Diesel Prices Jump 8.2ยข to $4.104 a Gallon
Retail fuel prices spiked again last week, with diesel rising 8.2 cents to $4.104 a gallon, the Department of Energy reported.
February 18, 2013Oil Declines to End Week Below $96 a Barrel
Oil fell $1.45 on Friday to finish the trading week below $96 a barrel, after holding above $97 the previous four days, Bloomberg News reported.
February 15, 2013Va. Lawmakers Reach Tentative Deal on Transportation Funding
Virginia House and Senate negotiators agreed to a compromise transportation plan Wednesday that would eliminate the per-gallon tax on diesel and gasoline, replacing both with wholesale taxes paid by fuel distributors, the Richmond (Va.) Times-Dispatch reported.
February 15, 2013UPS Boosts Dividend, Sets Reverse Logistics Deal
UPS Inc. said its board approved an 8.8% dividend increase, and separately said it will provide reverse logistics services in an arrangement with Jabil Circuit Inc.
February 15, 2013Volvo Trucks Names Jost International Its Standard Supplier of Fifth Wheels
Volvo Trucks said that fifth wheel coupling devices from Jost International will now be standard equipment on Volvo VN and VHD tractors manufactured at its Dublin, Va., plant, which assembles all Volvo trucks sold in North America.
February 15, 2013Consumer Confidence Rises in February
Consumer confidence rose in February, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 15, 2013Industrial Production Falls 0.1%
Industrial production fell 0.1% in January, the Federal Reserve said Friday.
February 15, 2013New York Manufacturing Index Expands for First Time Since August
Manufacturing activity in the New York region expanded in February for the first time since August, the Federal Reserve Bank of New York said Friday.
February 15, 2013Multi Group Logistics to Lease 250 Vans From Xtra Lease
Chicago-based Multi Group Logistics completed a deal to lease 250 dry-van trailers from Xtra Lease, the lessor said.
February 15, 2013