Truckload carrier U.S. Xpress Enterprises said Friday it will report a first-quarter loss next week on declining freight demand and rising fuel costs.
April 13, 2007Business, Fuel, Government
Diesel Gains 5垄 to $2.84 a Gallon
The average price of U.S. retail diesel fuel climbed another 5 cents last week to $2.84 a gallon, reaching a seven-month high, and the Department of Energy warned that prices are unlikely to fall anytime soon.
April 16, 2007Business, Fuel
U.S. Xpress to Report 1Q Loss
Business, Fuel, Government
March Producer Prices Rise 1%
The producer price index rose 1% in March, the Labor Department reported Friday. The core PPI excluding food and energy was unchanged.
April 13, 2007Business, Safety
Intermodal Traffic Falls Again
Rail and intermodal traffic declined last week compared with a year earlier, continuing a trend over the past month, the Association of American Railroads said Thursday.
April 12, 2007Business, Fuel, Government
UPS Signs China Air Pact
UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.
April 12, 2007Business, Logistics
CN Workers Begin Strike
Canadian National Railway Co.鈥檚 2,800 union conductors and yard workers began rotating strikes Wednesday after rejecting a proposed one-year contract, Bloomberg reported.
April 12, 2007Business, Government
Import Prices Rise 1.7%
The price of goods imported to the United States rose 1.7% in March, the Labor Department reported Thursday.
April 12, 2007Business, Safety, Government, Logistics
Exec Downplays Rail Takeovers
Norfolk Southern Corp. Chief Executive Officer Charles 鈥淲ick鈥 Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.
April 12, 2007Business
Jobless Claims Rise for Week
Initial jobless claims rose by 19,000 last week, the Labor Department said Thursday.
April 12, 2007Business, Logistics
3PL Revenue Tops $110 Billion
U.S. third-party logistics gross revenues topped $110 billion for the first time last year, according to a report on the 3PL industry released this week.
April 11, 2007