A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.
May 10, 2007Search
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April Import Prices Rise 1.3%
The price of goods imported to the United States rose 1.3% in April in a third straight gain, the Labor Department said Thursday.
May 10, 2007Moyes Completes Swift Buyout Deal
Swift Transportation Co. founder Jerry Moyes said Thursday he has completed his $2.5 billion takeover of the truckload carrier.
May 11, 2007Letters to the Editor: Opening the Mexican Border
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May 9, 2007Safety & Security Briefs
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Interpool’s 1Q Income Falls
Interpool Inc., a maker of shipping containers and chassis for intermodal container transportation, reported its first-quarter net income declined from a year ago.
May 9, 2007Oil Falls as Inventories Rise
Crude oil futures prices fell to their lowest level in seven weeks Wednesday following an Energy Department report that showed inventories rose last week.
May 9, 2007Senator Seeks Stricter Rules for Hazmat Drivers
Sen. Barbara Boxer (D-Calif.) has asked the Department of °®¶¹´«Ã½land Security to come up with stronger guidelines for truckers who transport gasoline and other hazardous materials, the Associated Press reported.
May 9, 2007Quality Reports 1Q Loss
Tank truck carrier Quality Distribution reported a first-quarter loss of $95,000 or zero cents a share, compared with earning $4.5 million or 23 cents a year ago.
May 8, 2007Atlas Air Turns 1Q Profit
Air cargo company Atlas Air Worldwide Holdings said it earned $6.2 million or 29 cents a share in the first quarter, turning around a loss of $3.7 million or 18 cents a year ago.
May 8, 2007