The national average price of diesel fuel fell by less than a penny, dipping 0.8 cent to $2.221 a gallon, the Department of Energy reported.
April 21, 2009Search
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Norfolk Southern’s 1Q Profit Drops 39%
Norfolk Southern Corp. said its first-quarter profit fell 39% from a year ago on lower shipping demand.
April 22, 2009Load Volumes Decline for Logistics Firms but Gross Margins Rise, Voltmann Says
Freight brokers and logistics providers, who met earlier this month in San Antonio, provided more evidence of the bleak condition of the freight transportation business and also moved to gather data on the size of their segment of the industry.
April 21, 2009C.H. Robinson Reports Flat 1Q Income
Transportation and third-party logistics firm C.H. Robinson Worldwide’s first-quarter profit dipped slightly to $85.4 million, or 50 cents a share, from $86.3 million, or 50 cents, a year ago.
April 21, 2009Canadian National’s 1Q Income Improves
Canadian National Railway said late Monday its first-quarter net income rose to C$424 million, or 90 cents a share, from C$311 million, or 64 cents, a year ago.
April 20, 2009Norfolk Southern Wins Ethanol Depot Ruling
A federal judge ruled that Norfolk Southern Corp. can continue operating an ethanol-transfer station in Alexandria, Va., overruling a local ordinance, Bloomberg reported.
April 17, 2009US 1 Reports Flat Fourth-Quarter Income
Logistics firm US 1 Industries said its fourth-quarter net income was flat at $582,000, or 4 cents a share, compared with $579,000, or 4 cents, a year earlier.
April 15, 2009Dupre Logistics Purchases Logistics Plus
Dupre Logistics said it has purchased Logistics Plus to offer more services to the beverage industry.
April 14, 2009SoCal Ports Facing West Coast Competition
The Southern California Ports of Los Angeles and Long Beach are losing business to other West Coast ports, even as the Port of Long Beach approved a $750 million expansion, news services reported.
April 14, 2009Wabash National Explores Possible Sale
Trailer maker Wabash National Corp. said it is exploring strategic alternatives — including divestitures, changes to its capital structure and a merger or a sale — following a default under a revolving credit agreement.
April 13, 2009