Royal Dutch Shell agreed to buy BG Group Plc for about $70 billion (47 billion pounds) in cash and shares, the oil and gas industry’s biggest deal in at least a decade.
April 8, 2015Business, Logistics, Fuel
Shell Will Buy BG Group for $70 Billion in Cash and Shares
Business, Logistics, Fuel, Government
Diesel Average Hits Five-Year Low
Diesel’s national average retail price fell to a five-year low, dropping 4 cents to $2.824 a gallon, the Department of Energy reported.
April 6, 2015Business, Logistics
Intermodal Rail Traffic Rises to 2007 Level in March
Intermodal rail traffic rose to a weekly average of 550,291 units in March, the highest weekly average for the month since 2007, the Association of American Railroads reported.
April 1, 2015Business, Government, Logistics
Consumer Confidence Rises to Second-Highest Since 2007
Consumer confidence increased in March to the second-highest level since August 2007 as Americans grew more upbeat about the outlook for the labor market and incomes.
March 31, 2015Business, Logistics, Fuel, Government
Diesel Falls 5.3¢ to $2.864 in Second Weekly Price Drop
Diesel’s national average price dropped 5.3 cents to $2.864 a gallon, the second consecutive weekly decline after five straight increases, the Department of Energy reported March 23.
March 30, 2015Business, Logistics
Trailer Orders Drop 30% in February
February net trailer orders fell 30% from a year ago to 20,700 units, ACT Research Co. reported.
March 27, 2015Business, Government, Logistics
Consumer Sentiment Cools, Capping Best Quarter Since 2004
Consumer confidence fell less than forecast in March, capping the best quarter since 2004 as the labor market stayed strong and gasoline prices leveled off.
March 27, 2015Special Coverage, Business, Logistics
Trail King Shows New Dump Trailer
LOUISVILLE, Ky. — Specialty trailer manufacturer Trail King introduced a new product in its Materials Hauling Series at the Mid-America Trucking show here March 26. Trail King Industries’ prototype Steel End dump trailer is designed to haul sand, gravel, demolition or rip rap.
March 26, 2015Business, Government, Logistics
Consumer Confidence Rises to Match Second-Highest Level Since 2007
Consumer confidence climbed last week to match the second-highest level since July 2007, propelled in part by gains among lower-income earners and job seekers as the labor market improves.
March 26, 2015Business, Logistics
AAR Report Shows Rise in Weekly Intermodal Rail Traffic
U.S. rail intermodal traffic rose 6.7% in the week ended March 21 compared with the same week last year, the Association of American Railroads reported.
March 25, 2015