FedEx Corp. said Friday that it signed an agreement to acquire Hungarian air cargo company Flying-Cargo Hungary Kft.
April 6, 2007Business, Government, Equipment, Autonomous
Tire Makers Raising Prices
At least five major tire manufacturers said they are raising prices on their medium- and heavy-duty truck tires by 3% to 5%, with most citing the rising cost of raw materials as the reason.
April 9, 2007Business, Autonomous
Truck Dealers Upgrade Technology
Listening to Pam Hall describe her new building, you could mistake it for a cutting-edge technology company.
April 9, 2007Business, Government, Safety, Fuel, Autonomous
Greenhouse Ruling Could Raise Costs
The Supreme Court’s ruling that the EPA must reconsider its position to leave “greenhouse gas” emissions from motor vehicles unregulated could lead to increased costs for trucking companies.
April 9, 2007Business, Fuel, Government
Diesel Jumps 11.4¢ to $2.79 a Gallon
The average retail price of diesel fuel jumped 11.4 cents to $2.79 a gallon, the largest one-week jump in 18 months, the Energy Department reported.
April 9, 2007Business, Fuel, Government, Safety
FedEx Buys Air Cargo Firm
Business
March Payrolls Rise 180,000; Unemployment Dips to 4.4%
U.S. payrolls rose by 180,000 jobs in March and the unemployment rate dipped to 4.4% from 4.5%, the Labor Department said Friday.
April 6, 2007Business
Ship Line Trans Ocean Sold
Britain-based shipping line Ocean Distribution said it closed its sale to JF Hillebrand Group, for an undisclosed sum.
April 6, 2007Business, Safety
Intermodal Volume Declines
Rail and intermodal traffic continued a downward trend of the past few weeks, with intermodal falling 2.5% last week and rail carload traffic declining 8.7% compared with a year ago, the Association of American Railroads said Thursday.
April 5, 2007Government, Business, Fuel, Autonomous
Crude Prices Fall Following Sailors’ Release by Iran
Crude oil futures fell lower Thursday after Iran released 15 British sailors it had held for two weeks, Bloomberg reported.
April 5, 2007Business, Logistics
NS Says 1Q Profit to Dip 3%
Norfolk Southern Corp. said its first-quarter earnings will be 3% lower than a year earlier, as its freight shipments declined.
April 5, 2007