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Business, Logistics

CSX Reports Higher 1Q Profit

Larry Smith/Trans Pixs

Eastern freight railroad CSX Corp. said its first-quarter profit rose to $315 million, or 85 cents a share, from $240 million, or 52 cents, in the previous first quarter.

April 16, 2008
Fuel, Business, Logistics, Government

Diesel Average Tops $4 for First Time; Oil, Gas at Records

TT File Photo

Diesel fuel’s national average price broke the $4 barrier for the first time, jumping 10.4 cents to $4.059 a gallon, the Energy Department said Monday.

April 15, 2008
Business, Safety, Government, Logistics

Bruce Carlton Named NITL President

The National Industrial Transportation League said Bruce Carlton will become the group’s president on June 1. He will succeed interim president Annette Sandberg.

April 10, 2008
Fuel, Business, Logistics, Government

Diesel Dips 0.9¢ to $3.955; Gas Rises to Record $3.332

Tom Biery/Trans Pixs

The national average pump price of diesel fuel dipped 0.9 cent to $3.955 a gallon, while gasoline rose to a second straight record, the Department of Energy said Monday.

April 8, 2008
Government, Business, Safety, Logistics

Teamsters Ratify 5-Year Contract with UPS Freight

UPS Inc.

The Teamsters union and UPS Inc. said Monday that Teamsters members had overwhelmingly ratified their first national contract at UPS Freight, the less-than-truckload unit of UPS Inc.

April 8, 2008
Government, Business, Safety, Logistics

Prime Inc. to Buy 1,900 Trailers from Wabash National

Trailer maker Wabash National Corp. said it would sell 1,900 trailers to refrigerated carrier Prime Inc.

April 8, 2008
Business, Safety, Logistics

Norfolk Southern to Take 1Q Charge on Accident Settlement

Eastern freight rail line Norfolk Southern Corp. said Monday it will take a first-quarter charge of 2 cents per share, related to settlement of an accident claim.

April 7, 2008
Government, Business, Logistics

BNSF Idles Freight Cars Due to Downturn

TT File Photo

Freight railroad BNSF Railway Co. is parking miles of rail cars in some parts of the country because there is not enough freight to keep them moving, the Associated Press reported Monday.

April 7, 2008
Business, Government, Safety, Logistics, Fuel

Diesel Dips 2.5¢ to $3.964

The national average retail diesel price dipped 2.5 cents a gallon last week after six straight increases, the Department of Energy reported, even as gasoline rose 3.1 cents to set a new record high.

April 7, 2008
Business, Logistics, Fuel

Diesel Jumps 7.6¢ to $3.015

Tom Biery/Trans Pixs

Diesel jumped 7.6 cents to a national average $3.015 a gallon — the first time in 17 months it has topped the $3 mark, the Department of Energy said Monday.

April 5, 2008