Transportation and third-party logistics firm Pacer International’s fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.
February 12, 2008Search
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Teamsters Ratify Five-Year Pact
Teamsters union members voted 2-to-1 to ratify a new five-year National Master Freight Agreement with major less-than-truckload carriers that trucking industry executives said gives unionized companies new flexibility to adapt to changing market conditions.
February 18, 2008
Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
NATSO Launches New Program Focusing on Truck Stop Safety
LAKE BUENA VISTA, Fla. — NATSO, the national trade group representing truck stops and travel plazas, unveiled a new public education program here Jan. 24 as a way to help truck stops address drivers’ concerns, such as safety.
February 13, 2008Expeditors International of Washington’s Earnings Improve
Logistics firm Expeditors International of Washington said its fourth-quarter profit rose 12% to $70.1 million, or 32 cents a share, from $62.6 million, or 26 cents, in the previous fourth quarter.
February 12, 2008Towne Air Freight Buys Synergy Cargo Logistics
Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.
February 11, 2008Wabash’s Profit Improves; Sales Dip
Trailer maker Wabash National Corp. said Monday its fourth-quarter profit was $5.6 million, or 18 cents a share, compared with a loss of $5 million, or 16 cents, a year ago.
February 11, 2008NHTSA Seeks Ways to Use Technology to Reduce Truck-Involved Fatalities
A high-ranking federal safety regulator said truck-involved fatalities have been stuck at a “relatively flat” level for years, and that trend leads officials at the National Highway Traffic Safety Administration to recommend using “Buck Rogers”-style technologies to lower accident rates.
February 11, 2008Diesel Price Unchanged at $3.28
The average national price of retail diesel fuel held at $3.28 a gallon from a week ago, the Department of Energy said Monday.
February 11, 2008Hub Group’s Fourth-Quarter Earnings Improve
Third-party logistics company and freight broker Hub Group’s fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.
February 7, 2008Express-1 Unit Buys Logistics Firm
Express-1 Expedited Solutions said it bought Concert Group Logistics for $9 million in cash and 4.8 million shares of stock.
February 4, 2008