Ryder Completes Gator Leasing Acquisition
Ryder System said late Monday it has completed its acquisition of Gator Leasing, privately held company based in Miami.
May 13, 2008Xata Reports Second-Quarter Loss
Transportation software firm Xata Corp. said Monday it lost $1.4 million, or 17 cents a share, in its fiscal second quarter, compared with a loss of $900,000, or 12 cents, a year ago.
May 12, 2008Sirva Emerges from Bankruptcy; Goes Private
Moving company Sirva Inc. said its reorganization plan to emerge from bankruptcy became effective Monday and that it will become a private company, effective immediately.
May 12, 2008PHMSA Proposes Hazmat Fee Increase
The Pipeline and Hazardous Materials Safety Administration proposes to more than double the registration fee for companies hauling hazardous materials — to $2,500 a year.
May 12, 2008Clarke Reports First-Quarter Loss
Canadian holding company Clarke Inc. Monday reported a first-quarter loss of C$2.1 million, or 7 cents per share, compared with net income of C$12.1 million, or 28 cents, a year ago.
May 12, 2008Sprint Nextel’s First-Quarter Loss Widens
Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs, the Associated Press reported.
May 12, 2008Letters to the Editor: Border Program, Gas Tax Reality, Unpaid Miles, Fuel Prices
I agree with Secretary of Transportation Mary Peters: Congress should continue the cross-border program between the United States and Mexico.
May 12, 2008Court Upholds Graves Amendment on Liability
The New York Court of Appeals has upheld the constitutionality of a federal law, known as the Graves Amendment, that bars claims against leasing companies because of actions of equipment lessees.
May 12, 2008Private Equity Firm Buys Atlanta Carrier
Private equity firm Navigation Capital Partners said Monday it has acquired James Brown Contracting and subsidiaries Brown Trucking Co. and JBT Brokerage.
May 12, 2008UPS Freight Improves Transit Times from Southeast
UPS Freight said Monday it has reduced transit times on nearly 1,000 traffic lanes originating in Southwest and Southeast metropolitan areas to points across the United States.
May 12, 2008