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Saddle Creek Names President
Transportation and warehousing firm Saddle Creek Corp. said Tuesday that Bruce Abels is retiring as the company’s president effective July 1, and will be replaced by Cliff Otto.
April 10, 2007Big Oil’s Profits May Decline
Big oil companies’ profits may be reduced in coming years as more countries that produce oil demand higher shares of the revenues, the Wall Street Journal reported Tuesday.
April 10, 2007Cummins Crosspoint Workers End Strike
Employees of a distributor for diesel engine maker Cummins Inc. went back to work Monday after ending a week-long strike, the Associated Press reported.
April 10, 2007Sirva Reports ’06 Loss
Moving company Sirva Inc. said it took a preliminary loss from continuing operations of $55.1 million or 75 cents a share last year, compared with a loss of $265.4 million or $3.59 for 2005.
April 10, 2007IANA, Ocean Carriers Hit Proposed Rule on Safety of Intermodal Chassis
By Sean McNally, Senior Reporter
April 11, 2007FMCSA’s New-Carrier Program Criticized
By Sean McNally, Senior Reporter
April 11, 2007Technology Briefs — April 3 - April 9
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Stricter Emission Rules Raise Costs, Freight, Shipping Executives Say
By Sean McNally, Senior Reporter
April 9, 2007Chinese Truck Maker Plans Overseas Public Listing
A Chinese truck company plans to transfer its entire stake in its China-based unit to a Hong Kong-based subsidiary in an $845 million deal, paving the way for an overseas listing of that country’s third-largest truck marker, Bloomberg reported.
April 9, 2007Pacer Sets Debt-Removal Plan
Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.
April 9, 2007