Transportation and third-party logistics firm Pacer International reported a first-quarter loss of $177.4 million, or $5.11 per share, compared with a profit of $13.4 million, or 38 cents, a year earlier.
May 7, 2009Business, Logistics
Opinion: To Survive a Tough Economy — Focus
A shroud of insecurity continues to linger on the U.S. economy, with many trucking and logistics providers tending to the wounds of 2008 and preparing for the uncertainty still looming over the rest of 2009.
May 8, 2009Government, Business, Safety, Logistics
Pacer Takes $177 Million First-Quarter Loss
Business, Logistics
Expeditors’ 1Q Profit Drops 11%
Logistics firm Expeditors International of Washington’s first-quarter net income fell 11% to $59.3 million, or 27 cents a share, from $66.5 million, or 30 cents, a year ago.
May 7, 2009Government, Business, Logistics
UPS Boosting Asian Operations Centers
UPS Inc. announced plans Tuesday to boost its global post-sales service options by expanding a field stocking location network in India and enhancing its Asia logistics customer support center in the Philippines.
May 5, 2009Fuel, Business, Logistics, Government
Diesel Falls 1.6¢ to $2.185
The national average price of diesel fuel fell for a third consecutive week, dropping 1.6 cents to $2.185, the Department of Energy said.
May 5, 2009Business, Logistics
Wabash Makes 790 Layoffs Permanent
Wabash National Corp. has told the 790 workers it laid off in January that it does not expect to call them back, the Associated Press reported Saturday.
May 4, 2009Business, Logistics
Kansas City Southern Reports 1Q Loss
Kansas City Southern said Thursday it lost $7.5 million, 8 cents a share, in its first quarter, compared with a profit of $32.9 million, or 39 cents, a year ago.
April 30, 2009Business, Safety, Government, Logistics
Mullen’s First-Quarter Income Drops
Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.
April 29, 2009Business, Technology, Equipment, Safety, Logistics
McLeod Acquires Logistics Software Firm
McLeod Software said Wednesday that it had purchased Intergrated Logistics Execution Network Systems, or iLENS, a logistics software company.
April 29, 2009Fuel, Business, Logistics, Government
Diesel Drops 2¢ to $2.201
The national average price of diesel fuel fell for a second straight week, dropping 2 cents to $2.201 a gallon, the Department of Energy said Monday.
April 28, 2009