Sirva Reports ’06 Loss
Moving company Sirva Inc. said it took a preliminary loss from continuing operations of $55.1 million or 75 cents a share last year, compared with a loss of $265.4 million or $3.59 for 2005.
April 10, 2007Daimler Sets Dealer Initiative
DaimlerChrysler Truck Financial announced a regional initiative Monday that it said will improve service to its Freightliner, Sterling and Western Star dealers in the United States and Canada.
April 9, 2007Buffett’s Berkshire Hathaway Buys 10.9% Stake in BNSF
Berkshire Hathaway, the firm owned by billionaire Warren Buffett, has bought acquired a 10.9% stake in Burlington Northern Santa Fe Corp., becoming the railroad’s largest shareholder, news services reported Monday.
April 9, 2007Technology Briefs — April 3 - April 9
Stricter Emission Rules Raise Costs, Freight, Shipping Executives Say
Pacer Sets Debt-Removal Plan
Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.
April 9, 2007Chinese Truck Maker Plans Overseas Public Listing
A Chinese truck company plans to transfer its entire stake in its China-based unit to a Hong Kong-based subsidiary in an $845 million deal, paving the way for an overseas listing of that country’s third-largest truck marker, Bloomberg reported.
April 9, 2007Tire 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, 2007Truck Dealers Upgrade Technology
Listening to Pam Hall describe her new building, you could mistake it for a cutting-edge technology company.
April 9, 2007Greenhouse Ruling Could Raise Costs
The Supreme Court’s ruling that the EPA must reconsider its position to leave “greenhouse gas” emissions from motor vehicles unregulated could lead to increased costs for trucking companies.
April 9, 2007