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, 2007Business
Paccar Buys German Truck Leasing Co.
Truck maker Paccar Inc. said it has acquired a German truck leasing company. Terms were not released.
May 7, 2007BusinessFuelGovernmentSafety
Air Cargo Shipments Fall 2.1%
Air cargo shipments fell 2.1% in March, the Air Transport Association said Monday.
May 7, 2007BusinessLogistics
EGL Says Ceva鈥檚 Offer 鈥楽uperior鈥 to CEO鈥檚
EGL Inc. said Monday that a $43 proposal by Ceva Group to acquire EGL is a 鈥渟uperior proposal鈥 to a proposal led by its chief executive officer.
May 7, 2007Business
Letter to the Editor: Supplying Urea
May 7, 2007
BusinessSafety
March Truck Tonnage Rises 1.6%
After dropping for eight straight months, freight volumes rose 1.6% in March, American Trucking Associations said in a preliminary report.
May 7, 2007GovernmentBusinessSafetyFuel
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, 2007BusinessGovernmentAutonomous
House 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, 2007BusinessGovernmentSafetyFuel
Diesel 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, 2007