UPS Inc. said Friday it will launch a new “around-the-world” flight this summer to further enhance service between Singapore and markets in the Middle East, Europe and the United States.
May 18, 2007BusinessGovernmentSafetyLogistics
Fleets Offer Expanded Storage Options
With demand for freight-hauling services relatively slack, some trucking companies are branching out beyond logistics to offer more warehousing services.
May 21, 2007BusinessGovernmentSafetyAutonomous
House Limits Plan Granting Mexican Trucks Access
The House voted last week to impose more restrictions on the DOT’s plans to grant Mexican trucks access to U.S. highways, in a move aimed at significantly slowing a proposed pilot program.
May 21, 2007GovernmentBusinessFuel
Diesel Slips 1.9¢; Gas Hits Record
The U.S. average price paid for retail diesel fuel fell another 1.9 cents last week to $2.773 a gallon, while the average gasoline price rose 4.9 cents to an all-time record of $3.103.
May 21, 2007GovernmentBusinessFuel
Oil Closes Week Near $65 a Barrel
Crude oil futures for a second day closed just short of $65 a barrel on Friday, following a jump of more than $2 on Thursday, Bloomberg reported.
May 18, 2007BusinessSafetyGovernment
Citi Enters Fleet Financing Business
Citigroup Inc.’s commercial business unit said it is entering the transportation fleet financing business.
May 18, 2007BusinessLogistics
Penske, ABX Form Brazil Venture
Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.
May 18, 2007BusinessGovernment
Consumer Sentiment Index Rises
U.S. consumer confidence rose this month following, according to the University of Michigan’s monthly consumer sentiment index released Friday.
May 18, 2007Business
GM May Sell Medium-Duty Business
General Motors Corp., the largest U.S. automaker, may soon sell its medium-duty truck business, Bloomberg reported.
May 18, 2007