DaimlerChrysler will sell its Chrysler unit to a private-equity firm for $7.4 billion, abandoning a nine-year effort to make the division profitable, Bloomberg reported Monday.
May 14, 2007Search
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Canada Cartage’s Revenue Rises
Canada Cartage said Monday its first-quarter revenue rose 5.5% to C$78.2 million from a year ago.
May 14, 2007Innovative Computing Adds Features
Innovative Computing Corp. added several features to its main transportation package, called Innovative Enterprise Software, the company said.
May 14, 2007Trimac’s Earnings Dip in 1Q
Canada-based transportation firm Trimac Income Fund said its first-quarter net earnings fell to C$1.5 million or 5 cents per unit, from C$3.7 million or 7 cents a year earlier.
May 14, 2007Paccar Says Engine Plant Will Be Sited in Mississippi
Truck maker Paccar Inc. will site a new $400 million engine facility and technology center in Columbus, Miss.
May 14, 2007Opinion: Certified Techs: An Endangered Species
This Opinion piece appears in the May 14 print edition of Transport Topics. Click here to subscribe today.
May 14, 2007Fla. Reopens Roads Following Fire
Florida officials reopened parts of two interstates near the Georgia border that were closed over the weekend, but said intermittent closures could continue as wildfire smoke poses a safety hazard, the Associated Press reported.
May 14, 2007Court OKs Allied’s Reorg. Plan
Auto carrier Allied Holdings said Saturday that a bankruptcy court has approved its reorganization plan.
May 14, 2007Court OKs Allied’s Plan
Auto carrier Allied Holdings said Saturday that a bankruptcy court has approved its reorganization plan.
May 14, 2007Fleets Eye Safety Gains to Cut Insurance Costs
Risk management has taken on a new urgency for many carriers as trucking companies attempt to reduce operating costs and minimize insurance premiums, often by including safety improvements.
May 14, 2007