Oshkosh Reports Higher Profit
Specialty truck maker Oshkosh Truck Corp.’s fiscal second-quarter profit rose to $50.9 million or 68 cents a share, from $49.8 million or 67 cents a year ago.
May 4, 2007MAN’s Income Improves
German truck maker MAN reiterated its interest in a three-way association with Volkswagen and Swedish rival Scania, and boosted its 2007 forecast after a better-than-expected first quarter, Agence France Press reported Thursday.
May 3, 2007Ceva Makes Offer for EGL
EGL Inc. said Thursday it has received an offer from Ceva Group to acquire stock of the Houston-based freight forwarder for $43 a share.
May 3, 2007P.A.M.’s 1Q Income Slips
Truckload carrier P.A.M. Transportation Services’ first-quarter net income fell to $1.3 million or 12 cents a share, from $5.2 million or 50 cents last year.
May 3, 2007U.S. Foodservice Sold for $7.1 Bln.
Supermarket chain owner Royal Ahold will sell its U.S. Foodservice unit to two private-equity firms for $7.1 billion, the Washington Post reported Thursday.
May 3, 2007House Sets Some Restrictions on Mexican-Trucks Plan
Mexican trucking companies would be barred from handling U.S. domestic shipments, under a bill approved by the House Transportation Committee, Bloomberg reported.
May 3, 2007Expeditors’ 1Q Profit Rises
Logistics firm Expeditors International of Washington’s first-quarter profit rose 13% to $59.3 million or 27 cents a share, from $52.4 million or 24 cents a year ago.
May 3, 2007ISM Services Index Gains
The Institute for Supply Management’s services index rose to 56 in April from 52.4 in March, ISM said Thursday.
May 3, 2007Productivity Rises in First Quarter
First-quarter U.S. worker productivity rose 1.7%, the Labor Department said Thursday.
May 3, 2007TNT’s Profit More Than Doubles
Dutch postal company TNT NV said Thursday its first-quarter profit more than doubled from a year ago to $582 million, the Associated Press reported.
May 3, 2007