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Business, Fuel, Government, Safety, Logistics

Towne Air Freight Buys Synergy Cargo Logistics

Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.

Transport Topics
February 11, 2008
Government, Business, Safety, Logistics

Hub Group’s Fourth-Quarter Earnings Improve

Third-party logistics company and freight broker Hub Group’s fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.

Transport Topics
February 7, 2008
Fuel, Business, Logistics, Government

Diesel Rises 2.1¢ to $3.28 a Gallon

Tom Biery/Trans Pixs

The average national price of retail diesel fuel rose 2.1 cents to $3.28 a gallon, the Department of Energy said Monday.

Transport Topics
February 5, 2008
Business, Logistics

Express-1 Unit Buys Logistics Firm

Express-1 Expedited Solutions said it bought Concert Group Logistics for $9 million in cash and 4.8 million shares of stock.

Transport Topics
February 4, 2008
Business, Safety, Logistics, Government

Truck Tonnage Rises 1.4% in December

December truck tonnage increased by 1.4% from year-ago levels, the first back-to-back improvement in freight volume since May and June 2006, American Trucking Associations reported in its national index.

February 4, 2008
Government, Business, Safety, Logistics

New Border Security Rules Take Effect

New rules for the types of identification that U.S. and Canadian citizens must present to cross into the country took effect Thursday and authorities were optimistic the changes would not cause significant delays, the Associated Press reported.

Transport Topics
January 31, 2008
Business, Safety, Government, Logistics

C.H. Robinson’s 4Q Profit Improves

Transportation and logistics firm C.H. Robinson Worldwide’s fourth-quarter profit rose to $85.3 million, or 49 cents a share, from $71.8 million, or 41 cents, a year ago.

Transport Topics
January 29, 2008
Business, Safety, Government, Logistics

Oberstar Criticizes NTSB on I-35W Bridge

Rep. James Oberstar (D-Minn.), chairman of the House Transportation and Infrastructure Committee, last week criticized the chairman of the National Transportation Safety Board for suggesting a design flaw was a key factor in the Interstate 35W bridge collapse in Minneapolis.

Transport Topics
January 29, 2008
Fuel, Business, Logistics, Government

Diesel Dips 1.1¢ to $3.259

Bruce Harmon/Trans Pixs

The average national price of diesel fuel fell for a third straight week, dropping 1.1 cents to $3.259 a gallon, the Department of Energy said Monday.

Transport Topics
January 29, 2008
Business, Logistics

Canadian Pacific’s Fourth-Quarter Income Gains

Canadian Pacific Railway Ltd. said Tuesday its fourth-quarter net income rose to C$342.3 million, or C$2.21 per share, compared with C95 cents, in the previous fourth quarter.

Transport Topics
January 29, 2008

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