U.S. rail intermodal traffic rose 2.3% for the week ended July 18 as carloads continued to decline, the Association of American Railroads reported.
July 22, 2015Business, Logistics
Intermodal Traffic Rises 2.3% for Week as Carload Decline Continues
Business, Logistics
Canadian Pacific Lowers 2015 Outlook After Commodities Cargo Declines
Canadian Pacific Railway cut its forecast for full-year revenue and earnings per-share growth while it seeks to control costs amid a decline in demand for commodities shipments.
July 21, 2015Business, Logistics, Fuel, Government
Diesel Average Falls 3.2¢ to $2.782 Per Gallon; Eighth Consecutive Weekly Drop
Diesel’s national average price declined for the eighth consecutive week, dropping 3.2 cents to $2.782 per gallon, according to a report from the Department of Energy on July 20. The average price of gasoline fell by the identical amount.
July 20, 2015Business, Logistics
Mack Lands Two Canadian Defense Contracts
The defense division of Mack Trucks has won two contracts to supply vehicles to the Canadian military.
July 20, 2015Business, Logistics
Radiant Logistics Announces Stock Sale
Radiant Logistics Inc. announced a public offering of 6.67 million shares at $6.75 per share.
July 20, 2015Business, Fuel, Government, Logistics
Marten Transport, CSX Profits Rise 5%; Lower Fuel Prices Aid Both in 2nd Qtr.
Marten Transport Ltd. and CSX Corp. last week kicked off the reporting season for second-quarter earnings with each posting 5% growth in profits.
July 20, 2015Fuel, Government, Business, Logistics
Gas Tops Diesel for First Time Since ’09 as Calif. Refinery Outages Pinch Supply
The national average price of diesel fuel fell below gasoline for the first time in almost six years after diesel dipped and soaring gas prices in California caused the fuel’s national figure to jump.
July 20, 2015Business, Government, Logistics
Consumer Sentiment in US Backpedals Over Concerns About Economy
Consumer confidence declined in July on concerns global risks will dim prospects for the U.S. economy.
July 17, 2015Business, Logistics
Wilson Named CEO at Priority Logistics
Stephen Wilson has been selected as president and CEO of Priority Logistics, replacing Tim Nolen, who has been named chairman of the board of directors.
July 13, 2015Business, Government, Logistics
Consumer Comfort Cools After Reaching Nine-Week High
Consumer confidence in the United States eased last week from its highest level since the end of April, reflecting subdued views of the economy and buying climate.
July 9, 2015