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Investor AB Increases Scania Share
Investor AB, the second-largest shareholder in Swedish truck maker Scania, on Tuesday announced it increased its stake in the company to about 20% of Scanias rights.
November 7, 2006Mac McCormick: Trucking Remembers a Leader
DALLAS As trucking leaders, government officials and industry suppliers assembled for American Trucking Associations Management Conference & Exhibition, many were not aware of Mac McCormicks death on Oct. 26 until they arrived here.
November 7, 2006Biofuels Could Account for 7% of Transportation by 2030
The International Energy Agency said in its World Energy Outlook 2006 report that the amount of transportation energy demand met with biofuels could rise to 7% by 2030, Bloomberg reported Tuesday..
November 7, 2006UPS Offers New Delivery Time Options for International Shipments
UPS announced Tuesday it will now offer three delivery time options for customers shipping packages internationally.
November 7, 2006DOE Says Diesel to Rise; Lowers 07 Price Outlook
Diesel prices will rise starting this month for seven straight months into next year before falling back again, the Department of Energy said Tuesday, though it lowered its average price projection for 2007 by 3 cents to $2.63 a gallon.
November 7, 2006TNT Completes Sale of Logistics Division
Netherlands-based transportation company TNT NV said Saturday it had completed sale of its logistics business to U.S. private equity fund Apollo Management for 1.48 billion euros, or about $1.9 billion.
November 6, 2006Former Swift CEO Moyes Reportedly Offers to Buy Company
Former Swift Transportation Co. chief executive officer Jerry Moyes has made a $29 per-share offer to buy the truckload carrier, Bloomberg reported Monday.
November 6, 2006Schneider Likely to Shift Fleet to Automatic Transmissions
Schneider Nationals safety director said he was 99% certain the firm would convert its entire 12,000-truck fleet to automatic transmissions beginning in 2007, part of a growing trend among carriers of all sizes.
November 6, 2006Celtic International Launches Express, LTL Service
Intermodal provider Celtic International said Monday it has launched a new express division to offer expedited services and less-than-truckload shipping in North America.
November 6, 2006Air Cargo Shipments Rise 3.8% in September
Air cargo shipments rose 3.8% in September compared with a year earlier, the Air Transport Association said Monday.
November 6, 2006