Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.
May 18, 2007Business, Government, Safety, Logistics
Fleets Offer Expanded Storage Options
With demand for freight-hauling services relatively slack, some trucking companies are branching out beyond logistics to offer more warehousing services.
May 21, 2007Business, Logistics
Penske, ABX Form Brazil Venture
Business, Technology, Government, Logistics
CP Workers Begin Strike
About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada鈥檚 Globe and Mail reported.
May 17, 2007Business, Logistics
US 1 Industries鈥 Income Dips
Logistics firm US 1 Industries鈥 first-quarter income fell to $370,000 or 3 cents a share, from $695,000 or 6 cents a year ago.
May 16, 2007Business, Logistics, Fuel, Government
Diesel Drops Another 1.9垄; Gas Soars to Record $3.103
Diesel鈥檚 national average pump price dipped 1.9 cents to $2.773 a gallon, while gasoline jumped 4.9 cents to an all-time record $3.103, the Department of Energy said Monday.
May 15, 2007Government, Business, Logistics
Clarke Sets 2-for-1 Stock Split
Canadian holding company Clarke Inc. said Thursday its first-quarter earnings improved, and the company鈥檚 board approved a 2-for-1 stock split.
May 10, 2007Business, Government, Logistics
U.K. Hedge Fund Seeks Rail Returns
A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.
May 10, 2007Business, Logistics
CSX to Buy Back $1 Bln. in Stock
Eastern freight railroad CSX Corp. said Tuesday it will repurchase an additional $1 billion in its stock, boost its dividend 25% and make significant capital expenditures over the next four years, the Associated Press reported.
May 8, 2007Business, Logistics
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, Safety, Government, Logistics
Pacer鈥檚 Income Falls 41%
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, 2007