Diesel dropped 3.4 cents to $4.116 a gallon, while gasoline plunged 13.2 cents to $3.687, its lowest level in almost three months, the Department of Energy said Monday.
October 23, 2012Search
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FedEx Sees Record ‘Green Monday’ in December, Driven by Online Sales
FedEx Corp. said it is expecting record volume, fueled by online sales, on “Green Monday†in early December, the busiest online shopping day of the year.
October 22, 2012Caterpillar Posts $1.7 Billion Profit, Lowers Outlook
Heavy equipment maker Caterpillar Inc. reported a $1.7 billion third-quarter profit, up 49% from the same quarter last year, and lowered its full-year earnings outlook.
October 22, 2012Navistar, Cummins Finalize Engine Agreement
Navistar International Corp. said Monday it has reached long-term supply agreements with Cummins Inc. for heavy-duty diesel engines and emissions aftertreatment technologies.
October 22, 2012FMCSA Posts Penalties for Movers Holding Goods Hostage
Household movers that hold shipments hostage face penalties of $10,000 per violation under new penalties posted by the Federal Motor Carrier Safety Administration.
October 19, 2012Kansas City Southern’s 3Q Income Falls
Kansas City Southern’s third-quarter income fell to $91 million, or 83 cents a share, from $100 million, or 91 cents, a year ago.
October 19, 2012Letters: ‘Good Stuff’ Awards
Thank you for continuing the legacy of my late uncle, Mike Russell. I always get goose bumps when I see his name mentioned, even six years after his untimely passing.
October 22, 2012Electronic Funds Buys T-Chek for $302.5 Mln. in Fourth Deal for Fuel Card Sector This Year
C.H. Robinson Worldwide Inc. last week sold its T-Chek fuel payment card unit to Electronic Funds Source LLC for $302.5 million.
October 22, 2012Icahn Bids on Oshkosh; Sees No Navistar Merger
Carl Icahn formally launched a $2.88 billion tender offer to buy “any and all†shares of specialized equipment manufacturer Oshkosh Corp. beyond the nearly 10% that he and his affiliates already own, but said he does not envision combining it with Navistar International Corp.
October 22, 2012Soft Demand, Rising Costs Hit Earnings of Truckload Carriers in Third Quarter
The initial round of third-quarter earnings reports from four publicly traded trucking companies reflected weakness, triggered by softer freight demand, rising fuel costs and higher expenses related to the driver shortage.
October 22, 2012