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Pacer’s Fourth-Quarter Income Rises; Revenue Dips

Transportation and third-party logistics firm Pacer International’s fourth-quarter net income rose to $21.5 million or 57 cents a share, from $20.4 million or 54 cents a year earlier.

February 8, 2007

Company Withdraws from $1.2 Billion Buyout Plan of EGL

Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.

February 7, 2007

CSX Plans $8 Mln. Upgrade of Charlotte, N.C., Intermodal Terminal

Eastern freight railroad CSX Corp.’s intermodal unit plans to invest about $8 million to expand its Charlotte, N.C., terminal, the company said Wednesday.

February 7, 2007

FedEx Integrates LTL Units Into U.S., Canadian Operations

FedEx Corp. said Monday it has integrated its 2006 acquisition of Watkins Motor Lines into its less-than-truckload network in the United States and Canada.

February 5, 2007

Canadian For-Hire Companies’ Revenue Rose in 2Q ’06

There were an estimated 3,336 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2006, almost unchanged from the same quarter in 2005, Statistics Canada said Thursday.

February 1, 2007

January Chicago Manufacturing Index Shows Contraction

The National Association of Purchasing Management-Chicago’s manufacturing index fell in January to the first contraction since April 2003, NAPM said Wednesday.

January 31, 2007

C.H. Robinson’s Fourth-Quarter, Full-Year Income Show Gains

Transportation and logistics firm C.H. Robinson Worldwide's 2006 net income rose to $266.9 million or $1.53 a share, up from $203.4 million or $1.16 in 2005.

January 30, 2007

Canadian National Reports Higher 4Q Income, Boosts Dividend

Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.

January 24, 2007

Diesel Price Continues to Fall, Dropping 7.4 Cents to $2.463

The average national retail price of diesel fuel fell 7.4 cents to $2.463 a gallon, the Department of Energy reported Tuesday.

January 17, 2007

Con-way, APL Logistics Expand Asian Port Service

Con-way Freight and APL Logistics said Wednesday they are adding four new Asian ports to the OceanGuaranteed less-than-container-load cargo service to the United States they started last summer.

January 17, 2007