Diesel Declines to $3.749 as Fuel Demand Weakens
The average price of retail diesel declined 3.7 cents to $3.749 a gallon, its lowest level since February, the Department of Energy reported.
October 10, 2011Trucking Adds 2,600 Jobs; Unemployment Rate Holds at 9.1%
The unemployment rate held at 9.1% in September, while the economy added 103,000 jobs, including 2,600 trucking jobs, the Labor Department said Friday.
October 7, 2011Intermodal Traffic Rises 4.4% for Week
U.S. intermodal traffic rose 4.4% last week from a year ago, led by an increase in container traffic, the Association of American Railroads said.
October 7, 2011Wholesale Inventories Rise 0.4% in August
Wholesale inventories rose 0.4% in August, the Commerce Department said Friday.
October 7, 2011XPO Logistics Plans $500 Million Share Sale
XPO Logistics Inc. intends to sell as much as $500 million in securities to the public, the firm said in a Securities and Exchange Commission filing.
October 7, 2011Oil Surges Over $82 a Barrel
Oil rose almost $3 Thursday to finish the trading day over $80 a barrel for the first time in a week and capping the biggest two-day rally since February, Bloomberg reported.
October 6, 2011Forward Air Signs Logistics Agreement with United Cargo
Forward Air has become the primary provider of expedited ground logistics throughout the U.S. for United Cargo, the cargo division formed by the merger of United and Continental Airlines.
October 6, 2011Boehner, Cantor Ask Obama to Withdraw HOS Proposal
The two senior-ranking House Republican members said the Obama administration should withdraw proposed regulations for truck drivers’ hours-of-service, Bloomberg reported.
October 6, 2011Jobless Claims Rise for Week
Initial jobless claims rose by 6,000 last week to 401,000, the Labor Department said Thursday.
October 6, 2011Transplace Wins Contract With Elementis
Transplace has announced that chemicals maker Elementis Specialties Inc. has selected it to handle its domestic transportation. No contract terms were revealed.
October 6, 2011