Logistics News July 23, 2015

LA truckers join Teamsters – 88 truckers from a fourth trucking company in LA voted to become members of the Teamsters. See more here. (Wall Street Journal)

 

Ashley pulls back from outside investment – After exploring the possibility of bringing outside money to the company, Ashley’s management has decided it’s best to leave well enough alone. Read the story here. (Furniture Today)

 

Commerce shows home furnishings sales down in June – The US Dept. of Commerce reported on disappointing retail sales for June. Furniture sales were down 1.6%. See details here. (Reuters)

 

Is Ethan Allen ripe for takeover? – The suggestion was made by hedge fund head Tom Sandell, sparking a short-term rise in the home furnishings giant share price. Read more here. (Bloomberg)

 

Diesel down slightly – The national average price for diesel fuel dropped three cents this week. See regional details here. (US EIA)

 

Hourly driver pay part of proposed legislation – The Truck Safety Act, introduced by New Jersey Democratic Senator Cory Booker, would require changes to insurance minimum, collision-avoidance system, hourly driver pay, and speed limiters. Read details here. (Heavy Duty Trucking)

 

Vietnam plans southern port project – The Vietnamese government has approved a 5-year plan to spend $2.5 billion in the southern province of Ca Mau. The plan is to accommodate some of the largest ships on the water. Read more here. (Cargo Business News)