Diesel will average $3.85 a gallon this year and in 2012, the Department of Energy said, boosting a previous price forecast.
December 8, 2011Business
Jobless Claims Drop to Nine-Month Low
Initial jobless claims fell by 23,000 last week to 381,000, the fewest since February, the Labor Department said Thursday.
December 8, 2011BusinessLogistics
Alisam Freight Management Acquires Plains Transportation
Alisam Freight Management, a San Antonio logistics company, said it has acquired motor carrier Plains Transportation Inc., Amarillo, Texas, for an undisclosed sum.
December 8, 2011BusinessLogistics
Georgia Flatbed Hauler Buys Brokerage
Georgia flatbed hauler Bennett Motor Express has acquired logistics and brokerage company Best Ways Brokerage for an undisclosed sum.
December 8, 2011BusinessLogistics
Judge to Set Creditors’ Claims Deadline In Trailer Bridge Bankruptcy Case
The judge overseeing the bankruptcy case of Trailer Bridge Inc. will set a deadline for creditors to file claims at a Dec. 14 hearing.
December 8, 2011BusinessLogistics
Port to Gain Intermodal Capacity With $6.5 Million Track Project
The Port of Savannah’s intermodal capacity will be enhanced by a $6.5 million project to add 1.2 miles of rail track at a container transfer terminal, the Georgia Ports Authority announced.
December 8, 2011BusinessLogistics
Express Scripts Hires SCI for Drug Deliveries
Express Scripts Canada said it has signed a supply chain contract to have SCI Logistics manage the home delivery of pharmaceuticals and medical supplies.
December 8, 2011BusinessFuel
Oil Holds Over $100 a Barrel as Inventories Rise
Oil held over $100 a barrel for a sixth trading day Wednesday as inventories rose last week, Bloomberg reported.
December 7, 2011Business
Icahn Sees Positives in Potential Navistar-Oshkosh Merger
Investor Carl Icahn told CNBC that a potential merger between Navistar International Corp. and Oshkosh Corp. would “be a good merger” that would “create a lot of synergies.”
December 7, 2011Business
ATA Hires New Chief Financial Officer
American Trucking Associations has hired Karla Hulett as its new chief financial officer.
December 7, 2011