Heavy Rains Force Road and Bridge Closures in Northeast
Heavy rains are flooding northeastern states, forcing road and bridge closures in New Jersey, upstate New York and Pennsylvania, where as many as 100,000 people around Harrisburg and Wilkes-Barre are being evacuated along the Susquehanna River.
September 8, 2011XPO Logistics Acquired by Equity Firm
Third-party logistics company XPO Logistics, formerly known as Express-1 Expedited Solutions, said its acquisition by an equity firm is complete.
September 8, 2011Purolator International to Expand in U.S.
Canadian express courier Purolator International will open 10 new offices during 2011, doubling its presence in the United States.
September 8, 2011Prologis Sells 13 Industrial Buildings
Distribution center and warehouse operator Prologis Inc. has disclosed the sale of a 2.8 million-square-foot industrial building portfolio for about $118 million to New York real estate investment manager Clarion Partners.
September 8, 2011Opinion: The 1031-LKE Cash-Flow Convoy
America’s trucking industry is facing a daunting array of challenges. Near the top of the list for every CEO and CFO is: “How can I increase my cash flow?”
September 8, 2011Navistar’s 3Q Profit Jumps on Tax Gain; Company Plans 5% Stock Buyback
Navistar International Corp. said Wednesday its fiscal third-quarter profit jumped on an income tax gain, though its truck unit reported a loss due to restructuring charges.
September 7, 2011White House Considering Short-Term Help for Postal Service
The Obama administration is considering short-term assistance to help pull the Postal Service back from potential insolvency, the Associated Press reported Wednesday.
September 7, 2011Former Great Dane Executive Phillip Pines Dies in Plane Crash
Phillip Pines, former president and chief operating officer at trailer manufacturer Great Dane, died Sept. 5 in a single-engine plane crash near Racine, Wis. He was 76.
September 7, 2011States Waive Some HOS Rules for Trucks in Storm-Damaged Areas
Governors in 10 states hard hit by Hurricane Irene and Missouri River flooding have temporarily waived hours-of-service rules — and in some cases fuel taxes and special size and weight permits — for trucks hauling relief supplies.
September 7, 2011Diesel Rises 4.8¢ to $3.868; Gasoline Gains 4.7¢ in Second Straight Increase
Diesel’s national average price rose for a second week, up 4.8 cents to $3.868 a gallon, while gasoline gained 4.7 cents to $3.674, the Department of Energy said.
September 7, 2011