Berkshire Hathaway Inc., controlled by billionaire Warren Buffett, said Tuesday it will buy freight railroad Burlington Northern Santa Fe Corp. for $100 a share, in a transaction worth about $44 billion.
November 3, 2009GovernmentBusinessSafety
Quality’s 3Q Profit Improves from a Year Ago
Tank truck carrier Quality Distribution reported a third-quarter profit of $1.4 million, or 7 cents per share, up from $700,000, or 4 cents, a year ago.
November 4, 2009GovernmentBusinessSafety
Quality’s 3Q Profit Improves from a Year Ago
Tank truck carrier Quality Distribution reported a second-quarter profit of $1.4 million, or 7 cents per share, up from $700,000, or 4 cents, a year ago.
November 4, 2009BusinessSafetyGovernmentLogistics
Pacer’s 3Q Profit Falls
Transportation and third-party logistics firm Pacer International said its third-quarter profit fell to $600,000, or 2 cents per share, compared with $20.8 million, or 59 cents, a year earlier.
November 4, 2009GovernmentBusiness
Republicans Boycott Cap-and-Trade Bill Session
Republican members of the lead Senate committee crafting a cap-and-trade bill Tuesday boycotted the first day of a mark-up session on the legislation.
November 3, 2009Business
William Logue to Succeed Doug Duncan at FedEx Freight
FedEx Corp. said Tuesday that William Logue will succeed Doug Duncan as president of FedEx Freight, the company’s less-than-truckload division.
November 3, 2009GovernmentBusinessLogistics
Expeditors’ Third-Quarter Income Falls 33%
Logistics firm Expeditors International of Washington said Tuesday its third-quarter net income fell 33% to $57.8 million, or 27 cents a share, from $85.6 million, or 39 cents, a year ago.
November 3, 2009BusinessLogisticsEquipment
Wabash to Close Illinois Plant
Trailer maker Wabash National Corp. said Tuesday that it will sell its Anna, Ill., plant and consolidate operations into its Cadiz, Ky., plant.
November 3, 2009FuelBusinessLogisticsGovernment
Diesel Gains 0.7¢ to $2.808 a Gallon as Increases Slow
Diesel fuel’s national average retail price rose for a fourth straight week, though its increase slowed from recent weeks in a 0.7 cent gain to $2.808 a gallon, the Department of Energy said Monday.
November 3, 2009BusinessTechnologyEquipmentSafety
Navistar Acquires Engine Parts Business
Navistar Inc. said that it has acquired certain assets of Continental Diesel Systems US.
November 3, 2009