Economist Noel Perry is optimistic about the near-term economic outlook. The current pause in activity falls within normal margins for a recovery and probably is not a sign of a double-dip recession, he said last week.
But underlying problems in the housing market and the difficulty of resolving the U.S. debt crisis are causes for concern several years out, Perry said in a webinar hosted by FTR Associates, a leading transportation analysis group
Descartes Systems Group, a logistics technology company, has acquired privately held Telargo, a provider of telematics solutions
Hub Group, an asset-light freight transportation management company, acquired assets of Domestic Transport, an intermodal drayage carrier headquartered in Pacific, Wash., through subsidiary Comtrak Logistics
Old Dominion Freight Line relocated its San Jose (Calif.) Service Center to an expanded and upgraded facility due to sustained growth in the region
Pro-Guardian Breakdown Prevention is a 57-point inspection program recently implemented by independent parts and service provider Inland Truck Parts in 20 location
Freightliner Custom Chassis Corp. said it is filling an order for 2,121 FCCC gasoline-powered walk-in van chassis from United Parcel Service
The U.S. Department of Transportation's Federal Motor Carrier Safety Administration has shut down three more bus companies for unsafe operations
Although crude oil prices dropped in early may, the U.S. Department of Energy still expects oil markets to tighten through 2012 and predicts that WTI spot prices, which averaged $79 per barrel in 2010, will average $102 per barrel in 2011 and $107 per barrel in 2012