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TransForce's 4Q Income Falls on Goodwill Charge

Canadian transportation firm TransForce Income Fund said Thursday it lost C$30.8 million, or 36 cents a share, in the fourth-quarter as a result of a C$56 million write-off of goodwill associated with the Fund’s Oilfield Services division.

February 28, 2008

Teamsters, DHL Reach Tentative Pact

The Teamsters union said Wednesday its national negotiating committee reached a tentative agreement on an agreement with package carrier DHL.

February 27, 2008

Schenker Chairman Hagar Resigns

Hans-Jörg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.

February 26, 2008

Diesel Jumps 15.6¢ to a Record $3.552 a Gallon

The national average price of diesel fuel jumped 15.6 cents to a record $3.552 a gallon, shattering the previous mark set three months ago by 10.8 cents, the Department of Energy said Monday.

February 26, 2008

Fuel Jumps 11.6¢ to $3.396

U.S. retail diesel prices soared 11.6 cents last week to a national average of $3.396 a gallon, the highest level since early December, the Department of Energy reported.

February 25, 2008

Contrans to Consolidate Some Van, Flatbed Operations

Canadian transportation firm Contrans Income Fund said it plans to consolidate certain operations of its dry van and flatbed businesses in eastern Canada.

February 20, 2008

Diesel Jumps 11.6¢ to $3.396; Oil Closes Over $100 for First Time

The national average pump price of diesel fuel jumped 11.6 cents to $3.396 a gallon, the Department of Energy said Tuesday, while crude oil closed at more than $100 a barrel for the first time ever.

February 20, 2008

Teamsters Ratify Five-Year Pact

Teamsters union members voted 2-to-1 to ratify a new five-year National Master Freight Agreement with major less-than-truckload carriers that trucking industry executives said gives unionized companies new flexibility to adapt to changing market conditions.

February 18, 2008

Pacer’s Fourth-Quarter Profit Mixed

Transportation and third-party logistics firm Pacer International’s fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.

February 12, 2008

Towne Air Freight Buys Synergy Cargo Logistics

Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.

February 11, 2008