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, 2007Business, Safety, Government, Equipment, Logistics
Pacer Lowers ’07 Guidance
Business, Government
Feb. Factory Orders Rise 1%
Factory orders rose 1% in February following the biggest drop in six years, the Commerce Department said Wednesday.
April 4, 2007Business, Safety, Government
ISM Services Index Declines in March
The Institute for Supply Management's services index slipped to 52.4 in March from February’s reading of 54.3, ISM said Wednesday.
April 4, 2007Government, Business, Fuel, Autonomous
Crude Prices Ease After Iran Says It Will Release British Sailors
Crude oil futures prices declined Wednesday after Iran's President Mahmoud Ahmadinejad said that he will release 15 captured British sailors, news services reported.
April 4, 2007Fuel, Business, Logistics, Government
Diesel Jumps 11.4¢ to $2.79
After falling by less than a penny in each of the past two weeks, the national average price of diesel fuel jumped 11.4 cents Monday to $2.79 a gallon, the Energy Department reported.
April 3, 2007Business, Government, Safety
Speed Limiter Petitions Draw Heavy Response
April 3, 2007
Business, Government, Autonomous
Bush Threatens to Veto Bill Delaying Border Opening
Congress and the Bush administration clashed last week over a proposal to allow Mexican trucks into the United States in a year-long pilot project, with the Senate passing a series of restrictions to the plan and a pair of bills being introduced in the House aimed at stopping it.
April 3, 2007Business, Fuel, Government, Safety
Kitty 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, 2007Business, Government, Safety, Equipment
Strike 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, 2007Business, Fuel, Government, Safety
Air Cargo Shipments Dip 0.6%
Air cargo shipments inched up 0.6% in February, the Air Transport Association said late Monday.
April 3, 2007