Transportation and third-party logistics firm Pacer International鈥檚 first-quarter net income plunged 41% to $14.4 million or 15 cents a share, from $24.4 million or 36 cents a year ago.
May 4, 2007Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Freightliner Sets New 鈥楥ascadia鈥 Truck
CHARLOTTE, N.C. 鈥斅 Freightliner Trucks last week introduced a new heavy-duty over-the-road truck called 鈥淐ascadia鈥 it said improves fuel efficiency by 3%.
May 7, 2007House Panel Imposes New Border Limits
A House panel moved to put new limits on the Bush administration鈥檚 plans to open the U.S. border to Mexican trucks, and the panel鈥檚 chairman warned DOT not to go forward with its plans.
May 7, 2007Diesel Declines 4垄 to $2.811
Diesel fuel fell 4 cents a gallon to $2.811 last week, its second straight decline, while the gasoline average posted its largest gain in just over a year, the Energy Department said.
May 7, 2007Pacer鈥檚 Income Falls 41%
U.S. Firm Buying Canada Cartage
A U.S. private-equity firm will buy trucking company Canada Cartage for C$140 million, the Canadian Press reported Friday.
May 4, 2007Payrolls Rise Less Than Forecast; Unemployment Rate Rises to 4.5%
U.S. payrolls rose by 88,000 in April and the unemployment rate rose to 4.5% from 4.4% in March, the Labor Department said Friday.
May 4, 2007YRC Names USF Glen Moore CEO
YRC Regional Transportation said Thursday it named Gary Pruden president and chief executive officer of its USF Glen Moore unit.
May 4, 2007Oshkosh Reports Higher Profit
Specialty truck maker Oshkosh Truck Corp.鈥檚 fiscal second-quarter profit rose to $50.9 million or 68 cents a share, from $49.8 million or 67 cents a year ago.
May 4, 2007MAN鈥檚 Income Improves
German truck maker MAN reiterated its interest in a three-way association with Volkswagen and Swedish rival Scania, and boosted its 2007 forecast after a better-than-expected first quarter, Agence France Press reported Thursday.
May 3, 2007Ceva Makes Offer for EGL
EGL Inc. said Thursday it has received an offer from Ceva Group to acquire stock of the Houston-based freight forwarder for $43 a share.
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