Retail sales rose 0.1% in January, the Commerce Department reported Wednesday
February 13, 2013Search
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Vitran to Sell Supply Chain Business for $97 Million
Vitran Corp. said it will sell its supply chain business to Legacy Supply Chain, Portsmouth, N.H., for $97 million.
February 13, 2013Va. Senate Votes to Increase Taxes on Fuel, After Rejecting Gov.’s Plan
The Virginia Senate on Wednesday passed a transportation funding bill that would raise the state’s 17.5-cent tax on gasoline and diesel fuel by a nickel, to 22.5 cents a gallon, after last week rejecting Gov. Bob McDonnell’s proposal to do away with the gasoline tax entirely.
February 13, 2013American Axle’s 4Q Income Rises
American Axle & Manufacturing Holdings’ fourth-quarter net income rose to $319.9 million, or $4.21 per share — which included a $337.5 million tax benefit — from $31.1 million, or 41 cents, a year earlier.
February 14, 2013Radiant Logistics’ 2Q Income Falls
Third-party logistics company Radiant Logistics’ fiscal second-quarter net income fell from a year ago, the company said.
February 14, 2013Cardinal Merges With Greatwide Logistics Services
Third-party logistics company Cardinal Logistics Management Inc. said it has merged with Greatwide Logistics Services. Terms were not disclosed.
February 14, 2013Goodyear Reports Lower 4Q Income
Goodyear Tire & Rubber Co. said its fourth-quarter income fell from a year earlier, citing a low-volume environment.
February 14, 2013DOT Freight Transportation Index Rises 1%
The Department of Transportation’s freight transportation services index rose 1% in December from November, its second straight monthly increase, with both trucking and rail freight showing large gains, DOT said Wednesday.
February 13, 2013XPO Logistics Acquires East Coast Air Charter
XPO Logistics said Tuesday it has purchased East Coast Air Charter Inc., a third-party logistics company, for $9.3 million.
February 12, 2013Obama Touts Infrastructure, Nat Gas in State of Union Speech
In his State of the Union speech Tuesday night, President Obama pitched a “Fix-It First” program to address the nation’s most immediate infrastructure needs and called for more use of natural gas as a transportation fuel.
February 13, 2013