Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007Search
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Diesel Price Falls 2.6¢ to $2.851
The national average price of retail diesel slipped 2.6 cents to $2.851 a gallon last week, its first decline after three straight increases.
April 30, 2007Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007GDP Expands at Slowest Rate in Four Years
The U.S. economy grew at its slowest pace in four years in the first quarter, as the housing slump continued and the trade deficit expanded, the Commerce Department said Friday.
April 27, 2007March Trucking Index Gains
American Trucking Associations’ truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007Qualcomm’s Earnings Jump
Wireless-services provider Qualcomm Inc. reported its fiscal second-quarter profit jumped 22% to $726 million or 43 cents a share, from $593 million or 34 cents a year ago.
April 26, 2007Vitran’s 1Q Earnings Dip
Toronto-based transportation firm Vitran Corp. said its first-quarter profit was $3.4 million or 25 cents a share, down from $3.8 million or 28 cents a year ago.
April 26, 2007Durables Orders Rise 3.4%
Durable goods orders rose 3.4% in March, the Commerce Department said Wednesday.
April 25, 2007New °®¶¹´«Ã½ Sales Rise 2.6%
New home sales rose for the first time in six months in March, gaining 2.6%, the Commerce Department said Wednesday.
April 25, 2007