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, 2007Search
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CSX to Buy Back $1 Bln. in Stock
Eastern freight railroad CSX Corp. said Tuesday it will repurchase an additional $1 billion in its stock, boost its dividend 25% and make significant capital expenditures over the next four years, the Associated Press reported.
May 8, 2007
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.
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, 2007U.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, 2007Expeditors’ 1Q Profit Rises
Logistics firm Expeditors International of Washington’s first-quarter profit rose 13% to $59.3 million or 27 cents a share, from $52.4 million or 24 cents a year ago.
May 3, 2007Ceva Makes Offer for EGL
EGL Inc. said Thursday it has received an offer from Ceva Group to acquire stock of the Houston-based freight forwarder for $43 a share.
May 3, 2007Target Logistics’ Income Dips
Freight forwarder Target Logistics said Wednesday its fiscal third-quarter profit fell to $340,000 or 2 cents a share, from $610,000 or 3 cents a year ago.
May 2, 2007TIA Says Customs to Expedite Request for Logistics Firms to Join C-TPAT
By Dan Leone, Staff Reporter
May 2, 2007Wabash Sees 1Q Income Drop
Trailer maker Wabash National Corp. reported first-quarter net income of $1 million or 3 cents a share, down from $4.3 million or 13 cents a year earlier.
May 1, 2007Contrans’ 1Q Income Dips
Canadian firm Contrans Income Fund’s first-quarter income dropped to C$8.1 million or 28 cents a unit, from C$9.7 million or 34 cents a year ago.
May 1, 2007