3he average national price of retail diesel fuel jumped 10.6 cents to a record $3.658 a gallon, following last week’s record $3.552, the Department of Energy said.
March 4, 2008GovernmentBusinessLogistics
Dynamex Reports Fiscal 2Q Earnings Dip
Logistics and delivery firm Dynamex Inc. said its second-quarter net income was $3.4 million, or 33 cents a share, compared with $3.7 million, or 35 cents, a year earlier.
March 6, 2008BusinessLogistics
Deutsche Post Splitting Logistics Unit
Deutsche Post AG will split its logistics division into two businesses, and the company appointed managers for the new units, Bloomberg reported Tuesday.
March 4, 2008BusinessLogistics
Norfolk Southern Opens Ohio Intermodal Terminal
Norfolk Southern Corp. said it opened a new intermodal terminal near Columbus, Ohio.
March 4, 2008BusinessLogistics
Wright Express Completes Pacific Pride Acquisition
Wright Express Corp., which provides payment processing and information management services to fleets, said Monday it completed its $32 million acquisition of privately held Pacific Pride Services.
March 3, 2008BusinessLogistics
Wabash Sets Plans for New Trailer Plant
Trailer manufacturer Wabash National said it is planning to construct a $25 million trailer manufacturing plant in Franklin, Ky. as part of a new cost-savings initiative.
February 29, 2008BusinessSafetyGovernmentLogistics
TransForce's 4Q Income Falls on Goodwill Charge
Canadian transportation firm TransForce Income Fund said Thursday it lost C$30.8 million, or 36 cents a share, in the fourth-quarter as a result of a C$56 million write-off of goodwill associated with the Fund’s Oilfield Services division.
February 28, 2008BusinessLogisticsGovernment
Teamsters, DHL Reach Tentative Pact
The Teamsters union said Wednesday its national negotiating committee reached a tentative agreement on an agreement with package carrier DHL.
February 27, 2008BusinessLogistics
Contrans’ 4Q Profit Dips Slightly
Canadian firm Contrans Income Fund said Wednesday its fourth-quarter income was C$7.5 million, or 31 cents per unit, compared with C$7.8 million, or 31 cents, a year ago.
February 27, 2008GovernmentBusinessLogistics
Schenker Chairman Hagar Resigns
Hans-Jörg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.
February 26, 2008