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BYLINE: Thomas L. Gallagher Trucks hauled more freight in January than in December, according to The American Trucking Associations. The group's advanced seasonally adjusted For-Hire Truck Tonnage Index rose 3 [...]

BYLINE: Thomas L. Gallagher Gross domestic product fell at an annual rate of 6.2 percent from the third quarter to the fourth quarter, according to preliminary estimates released by the [...]

BYLINE: Thomas L. Gallagher The collapse of container traffic at the nation's ports deepened the recession's impact on U.S. railroads in the week ending Feb.21. Intermodal containers declined 23.4 percent, [...]

BYLINE: Thomas L. Gallagher Mullen Group Income Fund earned a profit of $7.1 million in the fourth quarter, compared with a $231.6 million loss a year ago. Last year's loss [...]

BYLINE: Thomas L. Gallagher Washington, D.C., Feb. 26, 2009 -- Scott Davis, CEO of the world's largest package delivery company UPS, on Thursday told the U.S. Chamber of Commerce that [...]

BYLINE: Thomas L. Gallagher Orders and shipments of manufactured durable goods in January plunged for the sixth consecutive month, according to a report from the U.S. Census Bureau. Signaling a [...]

BYLINE: Thomas L. Gallagher Deutsche Post, parent of DHL and Europe's biggest mail carrier, lost $4 billion in the fourth quarter due to declines in volume, which may persist through [...]

BYLINE: Thomas L. Gallagher Three Democratic lawmakers on Feb. 25 introduced separate bills to fight organized retail crime. All three bills address the problem of groups of professional thieves stealing [...]

BYLINE: Thomas L. Gallagher Pacer International appointed Robert J. Grassi to the board of directors effective March 1. The transportation industry veteran retired as president and CEO of CSX World [...]

BYLINE: Thomas L. Gallagher The European Commission issued an additional request for information to Expeditors International (U.K.) in connection with an ongoing investigation of freight forwarders. International freight forwarder Expeditors [...]

BYLINE: Thomas L. Gallagher YRC Logistics, a subsidiary of YRC Worldwide, added to its global trade management services a team of experienced licensed customs brokers to help importers comply with [...]

BYLINE: Thomas L. Gallagher Airlines are mothballing planes in record numbers as global demand withers. A total of almost 2,300 jet airliners, the highest number ever, are now parked, according [...]

BYLINE: Thomas L. Gallagher Stamatis Molaris resigned from his positions at the helm of Excel Maritime Carriers, effective Feb. 23. Molaris was CEO, president and director of the company's board. [...]

BYLINE: Thomas L. Gallagher P.A.M. Transportation Services faced a drop in the value of its stock in the fourth quarter by writing down goodwill. The depressed market capitalization and other [...]

BYLINE: Thomas L. Gallagher The retail price of diesel fell 5.6 cents last week to a national average of $2.13 per gallon, according to the U.S. Energy Information Administration. The [...]

BYLINE: Thomas L. Gallagher Deflation driven by plummeting gas prices eased in January as consumer prices, including gasoline, inched upward. The seasonally adjusted Consumer Price Index increased 0.3 percent in [...]

BYLINE: Thomas L. Gallagher The Manatee County Port Authority on Feb. 19 approved Port Manatee's $750 million master plan. Following nearly three years of study, the plan directs continued expansion [...]

BYLINE: Thomas L. Gallagher Railcar orders plummeted in the fourth quarter, cutting profit 43 percent for Trinity Industries at the end of a year with record revenue and a respectable [...]

BYLINE: Thomas L. Gallagher U.S. rail traffic was much lighter than last year in the week ending Feb. 14 with steep declines in major commodities as well as intermodal units. [...]

BYLINE: Thomas L. Gallagher Wholesale prices for finished goods increased in January for the first time in three months, primarily on the strength of energy goods. Producer prices for food [...]

BYLINE: Thomas L. Gallagher Gulf Winds International on March 20 will open a cargo handling facility near the Port of Houston. The facility will provide needed infrastructure east of highway [...]

BYLINE: Thomas L. Gallagher Shoe manufacturer Nike plans to build a logistics center in eastern China, the company said in a statement. Construction will begin in the first quarter of [...]

BYLINE: Thomas L. Gallagher DHL Express expanded its international services by extending its time definite guarantee for inbound shipments. The carrier launched DHL Import Express 12:00, a premium time definite [...]

BYLINE: Thomas L. Gallagher Cargo Aircraft Management, a subsidiary of Air Transport Services Group, signed an option agreement to lease up to five 767-200 freighters to Amerijet International, of Ft. [...]

BYLINE: Thomas L. Gallagher Production at the nation's industrial outlets fell 1.8 percent in January, according to a government report. The capacity utilization rate for all U.S. industries fell to [...]

BYLINE: Thomas L. Gallagher Lower volume in the intermodal segment would have reduced Pacer's profit in the fourth quarter anyway, but an impairment charge due to stock market losses pulled [...]

BYLINE: Thomas L. Gallagher Japan Airlines and Nippon Cargo Airlines agreed to a partnership operating code share cargo flights, effective March 29. Japan's largest airline will work with the cargo [...]

BYLINE: Thomas L. Gallagher The national average price for diesel last week dropped 3.3 cents to $2.186 per gallon, according to the U.S. Energy Information Administration. As crude oil deepened [...]

BYLINE: Thomas L. Gallagher Radiant Logistics lost $10.2 million in the quarter ending Dec. 31 as a result of $11.4 million in impairment charges. The forwarder's acquisition of Adcom added [...]

BYLINE: Thomas L. Gallagher Manufacturers in New York are having a tough time and expecting worse in the next six months, according to a survey conducted by the Federal Reserve [...]

BYLINE: Thomas L. Gallagher U.S. airlines burned less fuel in 2008 and paid considerably less for it, compared with the previous year. In the course of the year, airlines burned [...]

BYLINE: Thomas L. Gallagher Positive cash flow helped Quality Distribution overcome recurrent losses to end 2008 with a net income of $12.1 million. The shift came in the fourth quarter, [...]

BYLINE: Thomas L. Gallagher Amid gloomy prospects for the next three to six months, less-than-truckload carriers are scraping a bit of market share away from truckload carriers, according to a [...]

BYLINE: Thomas L. Gallagher Velocity Express received a de-listing letter from the listing qualifications staff of The NASDAQ Stock Market. The stock market staff said the provider of time definite [...]

BYLINE: Thomas L. Gallagher Freight movements declined in December for the fourth time in five months, bringing the year to a crashing end with the largest five-month decline since mid-2000. [...]

BYLINE: Thomas L. Gallagher Genesee & Wyoming improved earnings in the fourth quarter through acquisitions and the performance of a few commodities. But most same-railroad results suffered from weakness in [...]

BYLINE: Thomas L. Gallagher Express-1 Expedited Solutions nearly doubled in size during 2008 with the acquisition of Concert Group Logistics. The move paid off with consolidated revenue from the company's [...]

BYLINE: Thomas L. Gallagher As the volume of international trade tumbled 5 percent in December, the trade deficit narrowed from $41.6 billion in November to $39.9 billion, according to the [...]