The Energy Department held its projection for diesel prices from a previous forecast, saying trucking’s main fuel would average $2.28 per gallon this year and $2.55 in 2010.
February 10, 2009Fuel, Business, Government
DOE Holds ’09 Diesel Forecast at $2.28 a Gallon
Business, Government
UPS, Postal Service Set Retail-Return Partnership
UPS Inc. said Tuesday it is partnering with the U.S. Postal Service for a new retail-return service in which consumers can send returns by UPS via their own mailboxes.
February 10, 2009Government
Wholesale Inventories Fall 1.4%
Wholesale inventories fell 1.4% in December, the Commerce Department said Tuesday.
February 10, 2009Government, Business
Senate Approves $838 Billion Stimulus
The Senate approved Tuesday the $838 billion economic stimulus bill proposed by President Obama, the Associated Press reported.
February 10, 2009Government, Business, Safety
Vitran Reports Fourth-Quarter Loss
Vitran Corp. said Tuesday it lost $ $3.2 million, or 23 cents a share, compared with a profit of $1.7 million, or 12 cents, a year earlier.
February 10, 2009Government, Business, Fuel
Forward Air’s 4Q Income Drops
Forward Air Corp. said Tuesday its fourth-quarter earnings fell 33% to $8.3 million, or 29 cents a share, from $12.4 million, or 43 cents, a year ago.
February 10, 2009Business, Government
FedEx Freight Cutting 900 Jobs
FedEx Freight, the less-than-truckload unit of FedEx Corp., will cut 900 jobs because of declining demand and aggressive pricing by competitors, Bloomberg reported Monday.
February 9, 2009Business, Government
New Jersey, Others Consider Fining Drivers Who Fail to Remove Snow From Vehicles
New Jersey is poised to adopt a law that would fine drivers who fail to clear snow and ice from their vehicle rooftops, while the District of Columbia and Connecticut are taking steps down a similar legislative path.
February 9, 2009Government, Business
Senate Fails to Boost Spending for Highways in Stimulus Bill
The Senate moved toward final passage of its $900 billion stimulus package of spending and tax cuts last week, and despite ongoing efforts, it appeared unlikely a major boost in infrastructure money would be included in the package.
February 9, 2009Government, Business, Logistics
FedEx Express Opens New China Hub
FedEx Express said Monday it has begun operations at its new Asia Pacific hub in Guangzhou, China, the company’s largest hub outside of the United States.
February 9, 2009