FedEx Corp. will boost its plant and equipment investment by 15% to 20% in fiscal 2008 to expand in China, add new jets and add new stores to its FedEx Kinko's chain , Bloomberg reported.
March 29, 2007Search
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Feb. Truck Tonnage Slips 1.7%
U.S. freight volume fell 1.7% in February compared with business levels of a year ago, marking an eighth straight monthly decline.
April 2, 2007
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Falling Freight Gives Shippers Leverage
A loosening of the tight capacity for freight hauling now makes the fuel-surcharge programs — upon which motor carriers depend to insulate them from fuel price spikes — vulnerable to demands for change by shippers.
April 2, 2007EPA Issues SCR Guidelines
The U.S. EPA said last week that diesel engine manufacturers who want to use selective catalytic reduction to meet EPA’s 2010 emission rules must supply the urea SCR requires and prove it will be available to truck drivers using those engines.
April 2, 2007EGL’s Crane Says Apollo Was Not Prepared to Make Bid
EGL Inc. Chief Executive Officer James Crane said Apollo Management Group, which is bidding to buy the company, was not prepared to make an offer before EGL accepted Crane’s lower per-share bid, Bloomberg reported.
March 29, 2007Jobless Claims Fall 10,000 for Week
Initial jobless claims fell by 10,000 last week, the Labor Department said Thursday.
March 29, 2007UTi Worldwide’s 4Q, Full-Year Income Rise
Air and ocean freight forwarder UTi Worldwide's fourth-quarter net income rose to $23.6 million or 24 cents a share, from $9.7 million or 10 cents a year earlier.
April 2, 2007Intermodal, Rail Carload Traffic Decline for Week
Rail intermodal traffic fell 4.7% last week compared with the same week last year, while rail carloads fell 2.7%, the Association of American Railroads said Thursday.
March 29, 2007Allied Gains Court Approval for $315 Million Bankruptcy Loan
A bankruptcy court approved auto hauler Allied Holdings' motion to borrow as much as $315 million to help exit from bankruptcy, Bloomberg reported.
March 28, 2007Letters to the Editor: Opening the Border
This Mexican truck program is contrary to everything the United States should be doing.
March 28, 2007