Rail carload and intermodal freight fell for the week ended Saturday compared with a year ago, continuing a trend this year, the Association of American Railroads reported.
June 8, 2007BusinessAutonomous
N.Y. City Fees Plan Draws Praise
New York City, which is considering a plan to charge cars and trucks extra fees in downtown Manhattan, is one of nine finalists for a share of more than $1 billion in federal money to alleviate traffic in urban areas, the New York Times reported Friday.
June 8, 2007BusinessLogistics
Dynamex Reports Higher 1Q Earnings
Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit rose to $3.5 million or 32 cents a share, from $3.2 million or 29 cents a year earlier.
June 7, 2007BusinessSafetyGovernmentAutonomous
ATA’s Graves to Chair Highway Users Group
The American Highway Users Alliance has named American Trucking Associations President Bill Graves chairman of the group’s board of directors, effective immediately.
June 7, 2007GovernmentBusinessTechnologyLogistics
Hub Group Buys Intermodal Firm
Third-party logistics company and freight broker Hub Group said it will acquire the assets of Interdom Partners, an intermodal marketing company, for $26 million.
June 7, 2007BusinessLogistics
Menlo Buying Asian Logistics Firm
Con-way Inc. unit Menlo Worldwide and Cougar Logistics Corp. said Thursday they have signed an agreement under which Menlo will purchase Cougar for $33.9 million.
June 7, 2007BusinessGovernment
Wholesale Inventories Rise 0.3%
Wholesale inventories rose 0.3% in April, the Commerce Department said Thursday.
June 7, 2007BusinessLogisticsAutonomous
Norfolk Southern Plans $2 Bln. Rail Corridor
Eastern freight rail line Norfolk Southern Corp. plans to build a rail corridor costing more than $2 billion from Louisiana to the Northeast that it said would speed shipments and reduce truck freight, the Associated Press reported.
June 7, 2007BusinessFuelGovernment
UTi Worldwide’s 1Q Income Dips
Air and ocean freight forwarder UTi Worldwide’s fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.
June 7, 2007BusinessAutonomous
Navistar Sues Ford in Engine Dispute
Navistar International Corp. said Wednesday it has filed a lawsuit against Ford Motor Co. for breach of contract relating to a diesel engine contract involving Ford’s F-150 pickup truck and is seeking “at least hundreds of millions of dollars” in damages.
June 6, 2007