Unions Reach Tentative Five-Year Pact With Freight Railroads
A coalition of seven rail labor unions said late Wednesday it has reached a tentative agreement on a national contract with U.S. freight rail lines.
March 1, 2007Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
EGL’s Fourth-Quarter Income Falls
Transportation and logistics firm EGL Inc. said its fourth-quarter income fell to $10.9 million or 27 cents a share, from $19.1 million or 47 cents in the previous fourth quarter.
February 28, 2007February Chicago Manufacturing Index Falls
A gauge of Chicago manufacturing activity fell in February, the National Association of Purchasing Management-Chicago said Wednesday.
February 28, 2007Letter to the Editor: Speed Limiters
On Oct. 20, American Trucking Associations, in conjunction with “Road Safe America,” a group of nine trucking companies, submitted a petition to the National Highway Traffic Safety Administration and the Federal Motor Carrier Safety Administration.
February 28, 2007Diesel Price Jumps 6 Cents to $2.551 in Fourth Straight Gain
Retail diesel fuel’s national average price rose for a fourth straight week, jumping 6 cents to $2.551 a gallon, the Department of Energy said Monday.
February 27, 2007January Existing Home Sales Rise 3%
Existing home sales rose 3% in January, the National Association of Realtors said Tuesday.
February 27, 2007Rail Freight Slowing in First Quarter, Analyst Says
Union Pacific Railroad has laid off 124 people and cut back hours for 455 more because of lower freight demand, the Associated Press reported, and a market analysis firm Monday lowered its market outlook for the rail sector.
February 26, 2007TransForce Reports Gains in 4Q Income, Revenue
Canadian transportation firm TransForce Income Fund said Monday it earned C$55.1 million or 64 cents a share in the fourth quarter, up from C$35.9 million or 47 cents a year earlier.
February 26, 2007Canada May Pass Law to End CN Railroad Strike
Canadian Labor Minister Jean-Pierre Blackburn introduced legislation Friday to force striking Canadian National Railway Co. employees back to work as early as next week, Bloomberg reported.
February 23, 2007Diesel Rises for Third Straight Week, Climbing 1.5 Cents to $2.491
The average national retail price of diesel fuel rose 1.5 cents to $2.491 a gallon, the Energy Department reported Tuesday.
February 21, 2007