Icahn Won’t Seek Representation on Navistar’s Board
Investor Carl Icahn, who bought a 9.8% stake in Navistar International Corp. last month, will not seek representation on the company’s board and will vote for Navistar’s board nominees next year.
November 15, 2011EDI for Trucking: Everything You Need to Know
Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.
Diesel Jumps a Dime to $3.987 a Gallon; Gasoline Gains for First Time in a Month
Diesel jumped a dime to its highest level in almost six months — a national average price of $3.987 a gallon, the Department of Energy reported.
November 15, 2011Purolator Courier, Teamsters Agree on New Pact
Canadian parcel carrier Purolator Courier said it has reached a tentative contract with the Teamsters that covers about 10,000 union members.
November 15, 2011Business Inventories Hold Steady in September
Business inventories were little changed in September while sales increased, the Commerce Department said Tuesday.
November 15, 2011Producer Prices Decline in October
Prices paid to U.S. producers decreased 0.3% in October, the largest decline in four months, the Labor Department said Tuesday.
November 15, 2011N.Y. Manufacturing Index Expands For First Time Since May
Manufacturing activity in the New York region expanded in November for the first time in six months, the Federal Reserve Bank of New York said Tuesday.
November 15, 2011Retail Sales Rise 0.5% in October
Retail sales improved 0.5% in October, led by higher electronics sales, the Commerce Department said Tuesday.
November 15, 2011U.S. Delays Decision on Keystone Oil Pipeline
The U.S. State Department said it has delayed its decision on the proposed Keystone XL oil pipeline and will examine alternate routes that would avoid environmentally sensitive areas in Nebraska, the Associated Press reported.
November 14, 2011Driver Shortage, Tight Fleet Capacity Fuel Growth of Intermodal Shipping
The truck driver shortage and related fleet capacity constraints are driving strong growth in domestic intermodal hauling as carriers and shippers try to ensure they have freight-moving options in the months ahead, industry experts said.
November 14, 2011Many LTL Carriers Boost Profits in 3rd Quarter
Many less-than-truckload carriers wrestled better pricing out of shippers, made more money and generated more revenue in the third quarter, even though gains in shipments and tonnage were uneven, according to earnings statements and interviews.
November 14, 2011