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Business, Logistics, Autonomous

Penske Completes Bright Truck Acquisition

Penske Truck Leasing Co. said that it has completed the acquisition of Bright Truck Leasing & Bright Distribution, a truck leasing, maintenance, rental and logistics company.

March 2, 2010
Fuel, Business, Logistics

Diesel Rises for Second Week, Climbing 2.9¢ to $2.861

Tom Biery/Trans Pixs

Diesel fuel rose for the second straight week, gaining 2.9 cents to a national average $2.861 at the pump, the Department of Energy reported.

March 2, 2010
Business, Government, Safety, Technology, Equipment, Logistics

Ryder Enters Asian Logistics Partnership

Ryder System said Monday it has signed a joint venture partnership with Cargo Services Far East Limited, an Asia-based logistics provider specializing in export consolidation services.

March 1, 2010
Business, Logistics

Existing Home Sales Fall in January

Existing homes sales dropped 7.2% in January for the second straight month, the National Association of Realtors said Friday.

February 26, 2010
Business, Safety, Government, Logistics

Mullen’s Fourth-Quarter Income Improves

Canadian transportation firm Mullen Group said its fourth-quarter profit grew 56.3% to C$11.1 million or 14 cents per share, from C$7.1 million, or 9 cents per share, a year ago.

February 25, 2010
Business, Logistics

Expeditors’ 4Q Income Slips

Logistics firm Expeditors International of Washington’s fourth-quarter net income fell 11% to $69.1 million, or 32 cents a share, from $77.7 million, or 36 cents, a year ago.

February 24, 2010
Fuel, Business, Government, Logistics, Autonomous

Clean Energy to Expand in Southern California

Clean Energy Fuels Corp. said Tuesday it will expand its network of liquefied natural gas stations in southern California in large cities and along major truck routes, with a goal to expand into the Southwest.

February 23, 2010
Business, Logistics, Fuel, Government

Diesel Rises for First Time in Six Weeks, Rising 7.6¢ to $2.832

Bruce Harmon/Trans Pixs

Diesel’s national average price rose for the first time in six weeks, gaining 7.6 cents to $2.832 a gallon, the Department of Energy said.

February 23, 2010
Fuel, Business, Logistics, Government

Gasoline Drops 3.3¢ to $2.63

Larry Smith/Trans Pixs

Gasoline fell 3.3 cents over the past two weeks to a national average $2.63 a gallon, according to the latest Lundberg Survey of fuel prices released Sunday.

February 22, 2010
Business, Safety, Government, Logistics

Transportation Firms Must Improve Recruiting to Satisfy Customers’ Desires, Leaders Say

The transportation and logistics industries must do a better job of recruiting employees and upgrading the skills of current workers to meet the increasing needs of shippers, said several leaders in those industries.

February 22, 2010