11 Dec Quarles Petroleum Acquires Revere Gas Virginia-headquartered Quarles Petroleum, a regional provider of residential and commercial fuel, has acquired Revere Gas, another Virginia-based retail propane gas distributor, according to a Dec. 4 press release. Read more...
11 Dec China Is Said to Move Toward Lower Tariffs on U.S.-Made Cars China is moving toward cutting its trade-war tariffs on imported U.S.-made cars, a step already claimed by President Donald Trump as a concession won during trade talks in Argentina. Read more...
11 Dec Producer Prices Up in November, Exceeding Estimates U.S. producer prices rose in November on advances in foods and transportation services, while a measure of underlying costs accelerated, offering some potential signs of inflation pressures bubbling up in the economy. Read more...
11 Dec Fuel, Maintenance Among Many Variables for Total Cost of Ownership Calculations Carriers aiming to answer this question — how much did that truck truly cost? — must weigh a range of factors to arrive at a “total cost of ownership.” The factors considered might differ from one operator to the next, but the basic considerations tend to be the same, fleet managers and truck manufacturers said. Read more...
11 Dec Tech Air Acquires Scully Welding Supply, Propane Service Companies Industrial gas and equipment supplier Tech Air has acquired Scully Welding Supply Corp. and Scully Propane Service Corp. according to a Dec. 4 press release. This is the 27th acquisition for Tech Air under CI Capital ownership. Read more...
11 Dec AIT Worldwide Logistics Acquires ConneXion AIT Worldwide Logistics, a supply chain services provider, has acquired ConneXion World Cargo, a freight forwarder based in London. Read more...
10 Dec FedEx Express President David Cunningham to Retire Dec. 31 FedEx Corp. on Dec. 7 announced that FedEx Express President and CEO David Cunningham will retire effective Dec. 31. Read more...
10 Dec Diesel Drops 4.6¢ to $3.161 a Gallon in Eighth Straight Weekly Decline The U.S. average retail price of diesel dropped 4.6 cents to $3.161 a gallon, the U.S. Energy Information Administration reported Dec. 10, as crude oil prices dropped near $50 a barrel. Read more...
10 Dec Goodyear Gives Venezuelan Workers Severance Pay, 10 Tires as It Shutters Plant Goodyear Tire & Rubber Co. is halting its Venezuela operations and laying off its local workforce, union officials said Dec. 10, the latest foreign corporation to close shop in the crisis-torn country. Read more...
10 Dec Bridgestone Introduces Bandag BRSS All-Position Retread Tire Bridgestone Americas Inc. announced its new Bandag BRSS all-position retread designed for fleets that work in on- and off-road environments. Read more...