Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.
May 18, 2007Search
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Citi Enters Fleet Financing Business
Citigroup Inc.’s commercial business unit said it is entering the transportation fleet financing business.
May 18, 2007McLeod Updates Software Package
McLeod Software, said Thursday it added several features to its LoadMaster transportation management package.
May 21, 2007Rail, Intermodal Freight Decline
Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said Thursday.
May 17, 2007EGL Says Ceva Offer ‘Superior’
EGL Inc. said Thursday that it did not receive an updated proposal from the group led by its chief executive officer and has determined that a $46 per-share offer to buy the company by Ceva Group was “superior.â€
May 17, 2007Truckers Sue Wal-Mart
A federal judge in Arkansas granted class-action status to truck drivers accusing Wal-Mart Stores of using racially discriminatory practices in hiring over-the-road drivers, the Arkansas Democrat-Gazette reported Thursday.
May 17, 2007April Economic Indicators Decline
An index of leading economic indicators fell in April, the New York-based Conference Board said Thursday.
May 17, 2007Housing Starts Rise; Permits Plunge
Housing starts rose for a third straight month in April but building permits fell to a 10-year low, the Commerce Department said Wednesday.
May 16, 2007Industrial Production Rises in April
Industrial production rose 0.7% in April, the Federal Reserve said Wednesday.
May 16, 2007CP Workers Begin Strike
About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada’s Globe and Mail reported.
May 17, 2007