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Mullen’s 4Q Income Declines; Full-Year Results Improve

Canadian transportation firm Mullen Group Income Fund reported its fourth-quarter profit fell to C$14 million or 17 cents per share, from C$24.7 million or 52 cents a year earlier.

March 7, 2007

Diesel Jumps 7.5 Cents to $2.626; Gas Soars 12.2 Cents

The average national price of diesel fuel jumped 7.5 cents to $2.626 a gallon, while gasoline soared 12.2 cents from last week to $2.505, the Department of Energy said Monday.

March 6, 2007

Contrans’ Fourth-Quarter Income Rises

Canadian firm Contrans Income Fund reported it earned C$7.8 million or 34 cents a unit, compared with C$6.3 million or 33 cents a year earlier.

March 6, 2007

More Fleets Enter China Offering Trucking, Logistics

Schneider National Inc., which recently received a license to operate as a domestic carrier in China, is at the leading edge of a growing Asian investment wave by U.S. fleets, joining both truckload and less-than-truckload companies that have partnerships or logistics operations there.

March 2, 2007

EGL’s Fourth-Quarter Income Falls

Transportation and logistics firm EGL Inc. said its fourth-quarter income fell to $10.9 million or 27 cents a share, from $19.1 million or 47 cents in the previous fourth quarter.

February 28, 2007

February Chicago Manufacturing Index Falls

A gauge of Chicago manufacturing activity fell in February, the National Association of Purchasing Management-Chicago said Wednesday.

February 28, 2007

Diesel Price Jumps 6 Cents to $2.551 in Fourth Straight Gain

Retail diesel fuel’s national average price rose for a fourth straight week, jumping 6 cents to $2.551 a gallon, the Department of Energy said Monday.

February 27, 2007

TransForce Reports Gains in 4Q Income, Revenue

Canadian transportation firm TransForce Income Fund said Monday it earned C$55.1 million or 64 cents a share in the fourth quarter, up from C$35.9 million or 47 cents a year earlier.

February 26, 2007

Rail Freight Slowing in First Quarter, Analyst Says

Union Pacific Railroad has laid off 124 people and cut back hours for 455 more because of lower freight demand, the Associated Press reported, and a market analysis firm Monday lowered its market outlook for the rail sector.

February 26, 2007

Canada May Pass Law to End CN Railroad Strike

Canadian Labor Minister Jean-Pierre Blackburn introduced legislation Friday to force striking Canadian National Railway Co. employees back to work as early as next week, Bloomberg reported.

February 23, 2007