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TransForce Completes Purchase of Groupe Gregoire
Canadian transportation and logistics firm TransForce Income Fund said Monday it had completed the acquisition of Groupe Gregoire Inc.
May 9, 2005
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Wholesale Inventories Rise in March
Wholesale inventories increased 0.4% to $346.7 billion in March, the Commerce Department reported Monday.
May 9, 2005March Air Cargo Shipments Rise 3.1%
Total air cargo shipments rose 3.1% in March compared with a year earlier, following a 1.3% year-over-year drop in February, the Air Transport Association reported.
May 9, 2005Xora Asks to Track Driver Hours With GPS-Equipped Cellphones
Wireless-technology vendor Xora Inc. has asked the Department of Transportation for an exemption to the hours-of-service rules that would permit the company to market cellphones equipped with global positioning systems capable of tracking and logging the time truck drivers spend behind the wheel.
May 9, 2005Expeditors International Increases Dividend
Logistics firm Expeditors International of Washington Inc. said Monday its board of directors increased its semi-annual cash dividend to 15 cents per share, from 11 cents.
May 9, 2005Dart Transit Joins American Trucking Associations
Citing urgent issues that face the trucking industry, Dart Transit Co. said Monday it had joined American Trucking Associations, to support ATA initiatives on current and pending legislative issues.
May 9, 2005Forward Air Corp. Founder to Step Down
Scott Niswonger, founder of Forward Air Corp., is leaving the trucking company to focus on his charitable work and other personal interests, the Associated Press reported.
May 9, 2005Vexure Reports Higher 1Q Logistics Revenue
Third-party logistics firm and freight forwarder Vexure Inc. said Friday its first-quarter revenue rose 41%, to more than $31 million.
May 6, 2005House Passes Measure for National License Standards
Click here to write a Letter to the Editor.The House approved the Real ID Act Thursday, which would set national guidelines for driver’s license applicants, news services reported.
May 6, 2005Payrolls Rise 274,000; Unemployment Rate Holds at 5.2%
Employers added 274,000 workers to payrolls in April and the unemployment rate remained at 5.2%, the Labor Department said Friday.
May 6, 2005