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Business, Safety, Government, Logistics

C.H. Robinson Worldwide Acquires Canadian Forwarder

Transportation and third-party logistics firm C.H. Robinson Worldwide said Monday it has acquired Transera International Holdings Ltd., a project forwarding company based in Calgary, Alberta, Canada.

August 4, 2008
Government, Business

Personal Spending Rises 0.6% in June; Prices Jump

Consumer personal spending rose 0.6% in June as prices soared, the Commerce Department said Monday.

August 4, 2008
Business, Safety, Government, Technology, Equipment

DOT Issues Transport Plan

Declaring the current system irrevocably “broken,” Transportation Secretary Mary Peters unveiled the Bush administration’s final major surface transportation policy initiative — a reform of the highway program that includes unlimited tolling and an increased emphasis on private capital.

August 4, 2008
Government, Business, Safety, Fuel

ATA Sues to Block Driver Plans at L.A. and Long Beach Ports

American Trucking Associations last week asked a federal court to block emission-reduction plans by the California ports of Los Angeles and Long Beach that include concessionaire requirements the group said “unlawfully re-regulated the federally de-regulated trucking industry.”

August 4, 2008
Government, Business, Safety, Logistics, Fuel

Diesel Falls 11.5¢ to $4.603

The national average retail price of diesel fell 11.5 cents to $4.603 a gallon last week, the largest one-week drop in nearly two years and the second consecutive weekly decline, the Department of Energy reported.

August 4, 2008
Government, Business

ExxonMobil Breaks U.S. Record for Quarterly Profit

ExxonMobil Corp. broke its own record for the largest quarterly profit posted by a U.S. company, reporting net earnings of $11.7 billion, or $2.22 a share, up from $10.3 billion, or $1.83, a year ago.

August 1, 2008
Government, Business

Construction Spending Falls 0.4%

Construction spending fell 0.4% in June, the Commerce Department said Friday.

August 1, 2008
Business, Safety, Government

ISM Factory Index Stagnant in July

U.S. manufacturing was stagnant in July, as factory orders plunged to the lowest level in almost seven years, the Institute for Supply Management said Friday.

August 1, 2008
Fuel, Business, Safety, Equipment, Government

Bridgestone Firestone to Hike Prices by Up to 10%

Bridgestone Firestone North American Tire said Thursday that it will raise prices by up to 10% on all of its truck, bus, pickup and passenger tires because of higher raw materials costs and persistently high fuel prices.

July 31, 2008
Government, Business

Deutsche Post Earnings Hurt by Costs at U.S. Express Unit

DHL

Germany’s Deutsche Post AG, parent of U.S. parcel carrier DHL Express, said its second-quarter profit fell 11% to about $396 million, or 33 cents a share, on costs to revamp its parcel delivery business in North America, Bloomberg News Reported.

July 31, 2008

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