The Department of Energy boosted its 2011 diesel price forecast by 2 cents, to $3.85 a gallon, and raised its gasoline price projection 3 cents, to $3.56, but lowered its projections for 2012.
September 8, 2011Search
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Mexico Trucking Plan Faces Delay
The Obama administration’s contentious cross-border trucking program with Mexico could be delayed until November after a Department of Transportation audit found that the Federal Motor Carrier Safety Administration has failed to set up several procedures aimed at monitoring and inspecting trucks that would enter the United States.
September 12, 2011Initial Jobless Claims Edge Up 2,000 for Week
Initial jobless claims increased by 2,000 last week to 414,000, the Labor Department said Thursday.
September 8, 2011U.S. Trade Deficit Narrows 13.1%
The U.S. trade deficit narrowed 13.1% in July to $44.8 billion, a three-month low, as exports rose and oil imports declined, the Commerce Department said Thursday.
September 8, 2011Oil Holds Over $89 a Barrel
Oil held just over $89 a barrel Thursday in advance of the Department of Energy’s weekly report on crude, diesel and gasoline inventories, Bloomberg reported.
September 8, 2011Prologis Sells 13 Industrial Buildings
Distribution center and warehouse operator Prologis Inc. has disclosed the sale of a 2.8 million-square-foot industrial building portfolio for about $118 million to New York real estate investment manager Clarion Partners.
September 8, 2011Purolator International to Expand in U.S.
Canadian express courier Purolator International will open 10 new offices during 2011, doubling its presence in the United States.
September 8, 2011MD Logistics Expands With Reno Warehouse
MD Logistics said it has expanded its operations by opening a 55,000 square foot drug distribution center in Reno, Nev.
September 7, 2011XPO Logistics Acquired by Equity Firm
Third-party logistics company XPO Logistics, formerly known as Express-1 Expedited Solutions, said its acquisition by an equity firm is complete.
September 8, 2011Heavy Rains Force Road and Bridge Closures in Northeast
Heavy rains are flooding northeastern states, forcing road and bridge closures in New Jersey, upstate New York and Pennsylvania, where as many as 100,000 people around Harrisburg and Wilkes-Barre are being evacuated along the Susquehanna River.
September 8, 2011