Quality to Acquire Boasso America
Tanker carrier Quality Distribution, Tampa, Fla., announced Thursday it will pay $60 million to acquire privately-held Boasso America Corp., a Chalmette, La., company that provides tanker cleaning and maintenance services, Bloomberg News reported.
August 3, 2007TransForce to Purchase Canadian Courier
Canadian transportation firm TransForce Income Fund said Thursday it will purchase Century II Holdings, the parent company of Toronto-based ICS Courier.
August 3, 2007Rail, Intermodal Fall for Week
Rail carload and intermodal freight traffic fell compared with a year ago for the week ended Saturday, the Association of American Railroads said Thursday.
August 2, 2007Minn. Highway Bridge Collapse Kills At Least Four, Injures Dozens
An interstate highway bridge jammed with rush-hour traffic collapsed into the Mississippi River in Minneapolis late Wednesday, thowing dozens of vehicles into the water and killing at least four people, the Associated Press reported.
August 2, 2007Xata’s 3Q Loss Widens; Revenue Rises 7.2%
Transportation software firm Xata Corp. said Thursday it lost $875,000 or 21 cents a share in its fiscal third quarter, compared with a loss of $559 million or 9 cents a year ago.
August 2, 2007Patriot Transportation’s 3Q Income Rises
Patriot Transportation Holding’s fiscal third-quarter net income jumped to $2.4 million or 77 cents a share, from $1.8 million or 59 cents a year earlier.
August 2, 2007Jobless Claims Dip 4,000 for Week
Initial jobless claims rose 4,000 to 307,000 last week, the Labor Department said Thursday.
August 2, 2007Oshkosh Reports Higher 3Q Earnings
Specialty truck maker Oshkosh Truck Corp.’s fiscal third-quarter improved and the company raised its earnings outlook for the year.
August 1, 2007EGL Shareholders Approve Buyout
EGL Inc. said late Tuesday that its shareholders approved the company’s proposed $2 billion buyout by Ceva Group, and the deal is expected to close on Thursday.
August 1, 2007Holmes Named President of UPS Freight
UPS Inc. said Wednesday that Jack Holmes, who has headed the operations of UPS Freight for the past year, has been promoted to president of the less-than-truckload unit.
August 1, 2007