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ArticlesJuly 16, 2009

Report: Cargo Theft Losses on the Rise

While thefts rates vary between commodity groups and industries, across the board the average loss per cargo theft incident is sharply on the rise, according to a report from FreightWatch International

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NewsJuly 16, 2009

Truck Crash Closes Stretch of I-75 Near Detroit

A 2-mile stretch of Interstate 75 near Detroit is closed indefinitely after a car crashed into a tanker truck carrying gasoline and diesel fuel Wednesday night

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NewsJuly 15, 2009

Landstar Hit By Decrease in Loads, Fuel Surcharge Revenue

Landstar System, Jacksonville, Fla., saw declines in both net income and revenue during the second quarter, on the heels of a 16 percent loss of loads hauled, low fuel surcharge revenue and continued price pressure

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NewsJuly 15, 2009

Sluggish Economy Pushes U.S. Oil Demand to Lowest Level in Decade

U.S. petroleum deliveries (a measure of demand) plummeted nearly 6 percent for the first half of 2009, to the lowest level for the January-to-June period in more than a decade, as the sluggish economy continued to stifle oil consumption

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NewsJuly 15, 2009

Teamsters to Vote on YRC's New Labor Contract

Teamsters will vote on YRC Worldwide's proposed contract changes in the next few weeks, which include a 5 percent pay cut, an 18-month termination in pension contributions and a reduction in health and welfare contributions

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NewsJuly 15, 2009

J.B. Hunt Profits Fall on Weak Demand, Write Downs

J.B. Hunt experienced a drop in revenue and earnings in the second quarter, due to a $10.3 million equipment write down and weaker demand in the truck secto

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NewsJuly 14, 2009

Three Biodiesel Companies Receive Quality Accreditation

The National Biodiesel Accreditation Commission has recognized Louis Dreyfus and Blackhawk Biofuels as BQ-9000 biodiesel producers as well as West Coast Reduction as a BQ-9000 marketer

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NewsJuly 14, 2009

FedEx Sends 98 Drivers to National Championship

FedEx Corp. is sending 98 drivers from 42 states to compete in the National Truck Driving Championship

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NewsJuly 14, 2009

ExxonMobil to Develop Algae-Based BioFuels

ExxonMobil has formed an alliance with Synthetic Genomics to research and develop biofuels using photosynthetic algae

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NewsJuly 14, 2009

Heartland Wary of Economy Despite Improvements

Heartland Express saw increased revenue and earnings per share in the second quarter, but operating revenues dropped as a result of a reduction in fuel surcharge revenues and the economic downturn

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