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, 2007GovernmentBusinessLogistics
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, 2007BusinessGovernmentLogistics
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, 2007BusinessLogistics
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, 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, 2007BusinessSafetyGovernmentLogistics
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, 2007GovernmentBusinessLogistics
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, 2007BusinessLogistics
Ceva 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.
May 3, 2007BusinessLogistics
Expeditors鈥 1Q Profit Rises
Logistics firm Expeditors International of Washington鈥檚 first-quarter profit rose 13% to $59.3 million or 27 cents a share, from $52.4 million or 24 cents a year ago.
May 3, 2007