Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007Business
Editorial: The Choice for 2010
April 30, 2007
BusinessGovernment
Personal Spending Climbs 0.3%
Consumer personal spending rose 0.3% in March, the Commerce Department said Monday.
April 30, 2007BusinessFuelAutonomous
CVG’s First-Quarter Income Falls
Auto and truck parts supplier Commercial Vehicle Group said its first-quarter profit fell by 78% to $3 million or 14 cents a share, from $13.4 million or 62 cents last year.
April 30, 2007BusinessFuelAutonomous
EPA Stance on SCR Earns Praise
Truck and engine makers said they were pleased with new guidelines on selective catalytic reduction technology issued by the U.S. EPA, despite some concerns.
April 30, 2007GovernmentBusinessSafety
Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007GovernmentBusinessSafety
Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007BusinessLogisticsGovernment
Diesel Price Falls 2.6¢ to $2.851
The national average price of retail diesel slipped 2.6 cents to $2.851 a gallon last week, its first decline after three straight increases.
April 30, 2007Business
Celadon's 3Q Profit Slips
Truckload carrier Celadon Group's net income fell to $3.9 million or 17 cents a share in its fiscal third quarter, down from $4.7 million or 20 cents a year ago.
April 27, 2007BusinessEquipment
Cummins' 1Q Profits Improves
Diesel engine maker Cummins Inc. earned $143 million or $1.42 a share in the first quarter, up from $135 million or $1.35 a year earlier.
April 27, 2007