Pacer’s Income Falls 41%
Transportation and third-party logistics firm Pacer International’s first-quarter net income plunged 41% to $14.4 million or 15 cents a share, from $24.4 million or 36 cents a year ago.
May 4, 2007U.S. Firm Buying Canada Cartage
A U.S. private-equity firm will buy trucking company Canada Cartage for C$140 million, the Canadian Press reported Friday.
May 4, 2007YRC Names USF Glen Moore CEO
YRC Regional Transportation said Thursday it named Gary Pruden president and chief executive officer of its USF Glen Moore unit.
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, 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, 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, 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, 2007TIA Says Customs to Expedite Request for Logistics Firms to Join C-TPAT
Patriot’s 2Q Income Gains
Patriot Transportation Holding said its net income rose to $2.6 million or 83 cents a share for its fiscal second quarter, from $1.7 million or 56 cents a year earlier.
May 2, 2007