Diesel declined for the first time in four weeks, dipping 1.2 cents to $3.937 a gallon, the Department of Energy said.
August 2, 2011BusinessLogistics
Old Dominion Launches Vault Logistics Division
Old Dominion Freight Line has introduced Vault Logistics, a new third party-logistics provider.
August 2, 2011Business
Mike Smid Departs YRC Worldwide
Mike Smid, president of YRC Inc. and YRC Worldwide’s chief operations officer, has retired, the company said.
August 2, 2011BusinessLogistics
TransForce’s 2Q Earnings Jump on Acquisitions
TransForce Inc.’s second-quarter net income rose to C$26.2 million, or 27 cents a share, from C$17 million, or 18 cents, a year earlier.
August 2, 2011Business
Quality’s Second-Quarter Income Jumps
Tank truck carrier Quality Distribution said its second-quarter profit jumped on higher revenue and lower expenses.
August 2, 2011Business
Personal Spending Declines for First Time in Nearly Two Years
Consumer personal spending decreased for the first time in nearly two years in June, the Commerce Department said Tuesday.
August 2, 2011BusinessEquipment
Profits Dip at Component Makers Accuride, CVG
Two truck component makers reported lower second quarter profits late last month.
August 2, 2011BusinessLogistics
TNT Express’ 2Q Profit Drops
TNT Express NV, Europe’s second largest post company, said its second-quarter earnings declined to about $5.7 million, from about $37 million a year earlier.
August 2, 2011BusinessTechnology
iTECH: The Best Lane Boosts the Bottom Line
Many trucking companies are turning to software products — packages that include everything from mapping technology to detailed cost analysis — to help them choose the routes that will most boost their bottom lines.
August 1, 2011BusinessFuel
TTSI to Purchase 100 Zero-Emission Class 8 Trucks
Vision Industries Corp. has announced that drayage and logistics company Total Transportation Services Inc. intends to purchase 100 of its zero-emission, hydrogen fuel cell-electric Class 8 trucks for about $27 million.
August 1, 2011