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Company Withdraws from $1.2 Billion Buyout Plan of EGL
Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.
February 7, 2007C.H. Robinson’s Fourth-Quarter, Full-Year Income Show Gains
Transportation and logistics firm C.H. Robinson Worldwide's 2006 net income rose to $266.9 million or $1.53 a share, up from $203.4 million or $1.16 in 2005.
January 30, 2007Canadian National Reports Higher 4Q Income, Boosts Dividend
Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.
January 24, 2007Technology Briefs — Jan. 17 - Jan. 22
Georgia Weigh Stations to Use PrePass • Purolator Selects Software System from Carrier Logistics • Iowa Plans Internet Kiosks at Rest Stops • President to Address Global Warming in Tuesday Speech
January 22, 2007Con-way, APL Logistics Expand Asian Port Service
Con-way Freight and APL Logistics said Wednesday they are adding four new Asian ports to the OceanGuaranteed less-than-container-load cargo service to the United States they started last summer.
January 17, 2007Mullen Group Income Fund Co-CEO Steps Down
Canadian transportation firm Mullen Group Income Fund’s co-chief executive officer, Pat Powell, tendered his resignation, the company said late Tuesday.
January 17, 2007CDL Fraud Probe Targets False Addresses
Several people who obtained commercial driver’s licenses from a southern Missouri trucking school gave false home addresses, and state officials acknowledge they currently have no way to stop the practice, the Associated Press reported.
January 9, 2007TransForce Completes Acqusition of Trucking Firm Westfreight
Canadian transportation firm TransForce Income Fund said Thursday it completed its acquisition of Westfreight Systems and Westfreight Holdings (U.S.A.). Terms were not disclosed.
January 4, 2007HOS Rules in Canada Took Effect This Week
New Canadian hours-of-service rules for commercial drivers took effect Monday, but officials said it was not clear when most provinces would adopt and enforce them.
ABF Freight System Expands Services to Central, Southern States
Less-than-truckload carrier ABF Freight System said late Tuesday it has expanded its regional transportation network to include central and southern states.
January 3, 2007