FedEx Corp. said Friday that it signed an agreement to acquire Hungarian air cargo company Flying-Cargo Hungary Kft.
April 6, 2007BusinessSafetyGovernmentLogistics
Pacer Sets Debt-Removal Plan
Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.
April 9, 2007BusinessGovernmentSafetyFuelAutonomous
Greenhouse Ruling Could Raise Costs
The Supreme Court鈥檚 ruling that the EPA must reconsider its position to leave 鈥済reenhouse gas鈥 emissions from motor vehicles unregulated could lead to increased costs for trucking companies.
April 9, 2007BusinessSafety
Intermodal Volume Declines
Rail and intermodal traffic continued a downward trend of the past few weeks, with intermodal falling 2.5% last week and rail carload traffic declining 8.7% compared with a year ago, the Association of American Railroads said Thursday.
April 5, 2007BusinessSafetyGovernmentEquipmentLogistics
Pacer Lowers 鈥07 Guidance
Transportation and third-party logistics firm Pacer International lowered its full-year earnings guidance, said it would consolidate some operations and said its board authorized a buyback of up to $100 million of the company鈥檚 stock.
April 5, 2007BusinessSafetyGovernment
ISM Services Index Declines in March
The Institute for Supply Management's services index slipped to 52.4 in March from February鈥檚 reading of 54.3, ISM said Wednesday.
April 4, 2007BusinessSafety
Safety & Security Briefs 鈥 March 29 - April 4
April 3, 2007
BusinessFuelGovernmentSafety
Kitty Hawk鈥檚 4Q Earnings Increase
Air freight and cargo company Kitty Hawk Inc. said Tuesday it earned $8.3 million or 15 cents a share in the fourth quarter, compared with a loss of $4.1 million or 8 cents a year earlier.
April 3, 2007