The Federal Trade Commission has removed one of the last hurdles facing the proposed merger of Pilot Corp. and Flying J by ordering the two truck-stop chains to sell certain locations to rival rest stop operator Love’s Travel Stops and Country Stores.
July 1, 2010Search
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Wal-Mart Drives to Trim Costs by Taking Control of Shipments
Wal-Mart Stores Inc., the $405 billion retailing giant, is attempting to squeeze suppliers for cost cuts by taking control of millions of shipments into the retailers’ distribution centers, transportation typically arranged by the shippers.
July 5, 2010Diesel Dips a Half-Cent to to $2.956
The national average price of diesel dropped 0.5 cent last week to $2.956 a gallon, the sixth decline in seven weeks, the Department of Energy reported.
July 5, 2010Fleets Pursue Qualified Drivers as Freight Grows, Rules Tighten
Seeking to capitalize on an ever-tighter market, many fleets are racing to sign up qualified drivers as freight demand rises and stiffer federal driver standards loom, experts said.
July 5, 2010May Truck Tonnage Gains 7.2%
Tonnage hauled by U.S. trucking companies in May rose 7.2% from the same month of 2009, the sixth consecutive year-over-year increase, American Trucking Associations reported last week.
July 5, 2010Covenant Expects 2Q Profit
Covenant Transportation Group said Thursday it expects to report a second-quarter profit of 12 to 20 cents per share.
July 1, 2010Initial Jobless Claims Increase for Week
Initial jobless claims rose 13,000 last week, the Labor Department said Thursday.
July 1, 2010ISM Factory Index Shows Expansion in June
U.S. manufacturing activity showed expansion in June for the 11th straight consecutive month but dropped from may, the Institute for Supply Management said Thursday.
July 1, 2010Construction Spending Drops in May
Construction spending fell 0.2% in May, the first decline in three months, the Commerce Department said Thursday.
July 1, 2010Chicago Manufacturing Index Shows Continued Expansion
Manufacturing activity in the Chicago region fell slightly in June but showed expansion for a ninth straight month, the Institute for Supply Chain Management-Chicago said Wednesday.
June 30, 2010