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, 2007Search
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TransForce’s Income Dips
Canadian transportation firm TransForce Income Fund said Tuesday it earned C$20.9 million or 24 cents a share in the first quarter, down from C$22.1 million or 27 cents a year earlier.
April 24, 2007
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
C.H. Robinson’s Profit Improves
Transportation and logistics firm C.H. Robinson Worldwide said its first-quarter net income jumped 25.6% to $73 million or 42 cents a share, up from $58.1 million or 33 cents a year ago.
April 24, 2007Exec Downplays Rail Takeovers
Norfolk Southern Corp. Chief Executive Officer Charles “Wick” Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.
April 12, 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, 2007Companies Use Tracking Technology for Electronic Cargo Security
Many manufacturers provide trucking companies with products that use Global Positioning System satellites to help manage their logistics more seamlessly, but have now found an additional use for the technology.
March 28, 2007Hub Group CFO Tom White Leaves Company
Transportation logistics firm Hub Group Inc. said late Tuesday that Chief Financial Officer Tom White resigned has been replaced by Terri Pizzuto, the company's vice president of finance.
March 21, 2007Mullen’s 4Q Income Declines; Full-Year Results Improve
Canadian transportation firm Mullen Group Income Fund reported its fourth-quarter profit fell to C$14 million or 17 cents per share, from C$24.7 million or 52 cents a year earlier.
March 7, 2007Diesel Jumps 7.5 Cents to $2.626; Gas Soars 12.2 Cents
The average national price of diesel fuel jumped 7.5 cents to $2.626 a gallon, while gasoline soared 12.2 cents from last week to $2.505, the Department of Energy said Monday.
March 6, 2007Contrans’ Fourth-Quarter Income Rises
Canadian firm Contrans Income Fund reported it earned C$7.8 million or 34 cents a unit, compared with C$6.3 million or 33 cents a year earlier.
March 6, 2007