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Business, Logistics, Government

Existing Home Sales Fall in October

Existing homes sales fell 3.1% in October, while the median price of a home fell 11.3% from the same month last year, the biggest jump on record, the National Association of Realtors said Monday.

November 24, 2008
Government, Business, Logistics

Gas Slips Below $2, Lundberg Says

Larry Smith/Trans Pixs

The national average price of regular gasoline plunged another 33 cents in the two weeks ended Friday, to $1.97 a gallon — the first time it has fallen under $2 in almost three years — according to the latest Lundberg Survey of filling stations released Sunday.

November 24, 2008
Business, Government, Logistics

Crane Worldwide Announces Four Acquisitions

Crane Worldwide Logistics said it has completed four acquisitions expanding its freight management and contract logistics services in Asia, Europe, and Latin America.

November 24, 2008
Fuel, Business, Logistics, Government

Diesel Continues to Slide, Dropping 13.5¢ to $2.809

Bruce Harmon/Trans Pixs

Diesel fuel’s national average price continued to slide, falling another 13.5 cents to $2.809 a gallon, the Department of Energy said Monday.

November 18, 2008
Government, Business, Safety, Fuel, Logistics

Canadian Report Highlights Biodiesel Concerns

Adding biodiesel to Canada’s existing fuel storage, blending and distribution infrastructure could spur a host of problems for the country's distillate market, the Canadian Trucking Association said.

November 17, 2008
Business, Safety, Government, Logistics

Scam Artists Hit Brokers, Fleets

Logistics executive Paul Lueck, a 27-year veteran of the transportation business, thought he’d seen it all before the silver-tongued con man from what turned out to be a fictitious Jonesboro, Ark., trucking company came calling last summer.

November 17, 2008
Business, Fuel, Logistics

TT Logistics 50: Shippers, Carriers Seek Solutions to Logistics Challenges

Logistics companies face significant new challenges as both shippers and carriers look for ways to cope with financial turmoil, volatile fuel costs and slumping demand for goods and services.

November 17, 2008
Business, Logistics

US1 Reports Higher 3Q Income

Logistics firm US1 Industries’ third-quarter profit rose to $972,000, or 7 cents a share, from $789,000, or 6 cents, a year ago.

November 14, 2008
Fuel, Business, Logistics, Government

Diesel Falls Below $3 a Gallon

Tom Biery/Trans Pixs

Diesel fuel’s national average price fell below $3 for the first time since September 2007, dropping 14.4 cents to $2.944 a gallon, the Department of Energy reported.

November 12, 2008
Business, Logistics

Contrans’ Third-Quarter Income Rises

Canadian firm Contrans Income Fund’s third-quarter was C$11.4 million, or 40 cents per unit, up from C$9.1 million, or 32 cents, a year ago.

November 10, 2008