Transportation and third-party logistics firm Pacer International lowered its full-year earnings guidance, said it would consolidate some operations and said its board authorized a buyback of up to $100 million of the company’s stock.
April 5, 2007Search
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Judge Says Dana Should Continue Negotiations With Union
A U.S. bankruptcy judge gave auto parts manufacturer Dana Corp. and the United Steelworkers Union until April 13 to negotiate a new labor contact, Bloomberg News reported Tuesday.
April 4, 2007Feb. Factory Orders Rise 1%
Factory orders rose 1% in February following the biggest drop in six years, the Commerce Department said Wednesday.
April 4, 2007Opinion: Accidents Happen: Prepare Your Drivers
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April 3, 2007Strike Continues at Cummins Crosspoint
Negotiations between Teamsters and a distributor for diesel engine maker Cummins Inc. continued Tuesday, two days after workers at a West Virginia facility went on strike, the Associated Press reported.
April 3, 2007Air Cargo Shipments Dip 0.6%
Air cargo shipments inched up 0.6% in February, the Air Transport Association said late Monday.
April 3, 2007Kitty Hawk’s 4Q Earnings Increase
Air freight and cargo company Kitty Hawk Inc. said Tuesday it earned $8.3 million or 15 cents a share in the fourth quarter, compared with a loss of $4.1 million or 8 cents a year earlier.
April 3, 2007Safety & Security Briefs — March 29 - April 4
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Supreme Court Calls for Review of Greenhouse Gas Rules
The Supreme Court Monday ordered the federal government to take a new look at regulating carbon dioxide emissions from vehicles, in a rebuke to the Bush administration’s policy on global warming, the Associated Press reported.
April 2, 2007ISM Manufacturing Index Declines in March
The Institute for Supply Management’s March manufacturing index slowed and costs rose to the highest since August, ISM said Monday.
April 2, 2007