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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Tire Makers Raising Prices
At least five major tire manufacturers said they are raising prices on their medium- and heavy-duty truck tires by 3% to 5%, with most citing the rising cost of raw materials as the reason.
April 9, 2007Strike Continues at Cummins Crosspoint
Negotiations between Teamsters and a distributor for diesel engine maker Cummins Inc. continued Tuesday, two days after workers at a West Virginia facility went on strike, the Associated Press reported.
April 3, 2007Perseverance, Timing Key to Mediation of Accident Claims
NEW ORLEANS — While great trials may provide drama and public fascination, mediation of accident claims — a process that avoids that drama — is daily life for trucking companies and other transportation providers. Those involved with the system said mediation takes special skills and techniques.
Letter to the Editor: Speed Limits, Opening the Border
to write a Letter to the Editor.
There is a lot more traffic and a lot more going on behind the wheel other than turning it, with cellphones, Global Positioning System and onboard computers.
Class 8 Fleet Size Grows 5.2% in 2006 as Carriers Stock Up
The number of heavy-duty trucks in use in the United States increased 5.2% to 3.51 million Class 8 commercial vehicles last year, as fleet owners stocked up on new trucks and kept more old vehicles in service, market research firm R.L. Polk & Co. said.
Cummins Sets Two-for-One Stock Split
Diesel engine maker Cummins Inc. said Thursday that its board declared a two-for-one split of the company’s stock, to be payable on April 9 to shareholders of record as of March 26.
March 8, 2007Security & Safety Briefs — Feb. 22 - Feb. 28
U.S. Delays Border Inspection Fees • Charleston Port Sets New Security System • Oshkosh Wins $878 Million Army Contract • Survey Highlights Traffic Congestion Concern
February 28, 2007Demand for Cleaner Engines Seen Growing
UNIVERSAL CITY, Calif. — An official with the Chicago Climate Exchange said the demand for cleaner engines and alternative fuels in the United States will increase as membership in its cap-and-trade emission trading system expands.
February 26, 2007Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March
Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.
February 12, 2007