Race for $1.4 Billion Postal Service Contract to Pit Incumbent FedEx vs. Challenger UPS
When the U.S. Postal Service’s biggest airfreight contract, worth $1.4 billion, expires in September 2013, current pact holder FedEx Corp. will have to battle archrival UPS Inc. to keep it.
July 23, 2012Diesel Prices Increase Again as Exports Reach New Record
The average retail price of diesel fuel increased for a second week, rising 1.2 cents a gallon, which oil analysts attributed to higher crude oil prices and record-breaking distillate exports from the United States.
July 23, 2012Oil Falls for First Time in Week
Oil fell for the first time in eight days Friday to below $92 a barrel, after topping out at a nine-week high on Thursday, Bloomberg reported.
July 20, 2012Swift’s 2Q Profit Improves
Swift Transportation’s second-quarter profit rose on improved trucking pricing and expanded intermodal operations.
July 20, 2012OMB Streamlines Review Process for East Coast Port Modernization Projects
The Obama administration said it will streamline the permit and review process for five East Coast port modernization projects.
July 20, 2012Heartland’s Income Drops but Revenue, Fleet Size Increase
Heartland Express said its second-quarter profit fell 19% from a year ago, but its revenue and fleet size both rose.
July 20, 2012Fleets Stick to Buying Habits, But Leasing Is Gaining Favor
Truck manufacturers are not seeing significant changes in the buying habits of for-hire fleets, though there are some signs of increased interest in leasing, industry experts said.
July 20, 2012Forward Air’s Second-Quarter Income Rises
Forward Air Corp.’s second-quarter net income rose to $14.2 million, or 48 cents a share, from $12 million, or 40 cents, a year ago.
July 20, 2012Hub Group’s Profit Rises on Stronger Logistics, Intermodal Operations
Hub Group Inc.’s second-quarter profit rose 18% as its intermodal and logistics operations improved.
July 20, 2012Intermodal Traffic Rises 5.6% for Week
U.S. intermodal traffic rose 6.8% last week from the same week a year ago, the Association of American Railroads reported.
July 19, 2012