U.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, 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, 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, 2007TIA Says Customs to Expedite Request for Logistics Firms to Join C-TPAT
Target Logistics’ Income Dips
Freight forwarder Target Logistics said Wednesday its fiscal third-quarter profit fell to $340,000 or 2 cents a share, from $610,000 or 3 cents a year ago.
May 2, 2007Wabash Sees 1Q Income Drop
Trailer maker Wabash National Corp. reported first-quarter net income of $1 million or 3 cents a share, down from $4.3 million or 13 cents a year earlier.
May 1, 2007Contrans’ 1Q Income Dips
Canadian firm Contrans Income Fund’s first-quarter income dropped to C$8.1 million or 28 cents a unit, from C$9.7 million or 34 cents a year ago.
May 1, 2007Chicago Manufacturing Activity Slows
A gauge of Chicago manufacturing activity fell in April, the National Association of Purchasing Management said Monday.
April 30, 2007Diesel Price Falls 2.6¢ to $2.851
The national average price of retail diesel slipped 2.6 cents to $2.851 a gallon last week, its first decline after three straight increases.
April 30, 2007NS, KCS Report Mixed Results
Eastern freight railroad Norfolk Southern Corp.’s first-quarter profit fell, while Kansas City Southern said its net income nearly doubled.
April 26, 2007