Transportation and third-party logistics firm Pacer International’s 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, 2007BusinessFuelGovernmentSafety
Air Cargo Shipments Fall 2.1%
Air cargo shipments fell 2.1% in March, the Air Transport Association said Monday.
May 7, 2007BusinessLogistics
EGL Says Ceva’s Offer ‘Superior’ to CEO’s
EGL Inc. said Monday that a $43 proposal by Ceva Group to acquire EGL is a “superior proposal” to a proposal led by its chief executive officer.
May 7, 2007Business
Letter to the Editor: Supplying Urea
May 7, 2007
BusinessSafety
March Truck Tonnage Rises 1.6%
After dropping for eight straight months, freight volumes rose 1.6% in March, American Trucking Associations said in a preliminary report.
May 7, 2007GovernmentBusinessSafetyFuel
Freightliner Sets New ‘Cascadia’ Truck
CHARLOTTE, N.C. — Freightliner Trucks last week introduced a new heavy-duty over-the-road truck called “Cascadia” it said improves fuel efficiency by 3%.
May 7, 2007BusinessGovernmentAutonomous
House Panel Imposes New Border Limits
A House panel moved to put new limits on the Bush administration’s plans to open the U.S. border to Mexican trucks, and the panel’s chairman warned DOT not to go forward with its plans.
May 7, 2007BusinessGovernmentSafetyFuel
Diesel Declines 4¢ to $2.811
Diesel fuel fell 4 cents a gallon to $2.811 last week, its second straight decline, while the gasoline average posted its largest gain in just over a year, the Energy Department said.
May 7, 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, 2007