Logistics

Transportation and third-party logistics firm Pacer International’s fourth-quarter net income rose to $21.5 million or 57 cents a share, from $20.4 million or 54 cents a year earlier.

Eastern freight railroad CSX Corp.’s intermodal unit plans to invest about $8 million to expand its Charlotte, N.C., terminal, the company said Wednesday.

Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.

Kansas City Southern railroad said Tuesday it earned $35.7 million or 41 cents a share in the fourth quarter, compared with earnings of $2.3 million or 3 cents a year earlier.

FedEx Corp. said Monday it has integrated its 2006 acquisition of Watkins Motor Lines into its less-than-truckload network in the United States and Canada.

There were an estimated 3,336 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2006, almost unchanged from the same quarter in 2005, Statistics Canada said Thursday.

Freight forwarder Target Logistics’ fiscal second-quarter profit fell to $590,000 or 3 cents a share, from $976,000 or 5 cents in the previous second quarter.

The National Association of Purchasing Management-Chicago’s manufacturing index fell in January to the first contraction since April 2003, NAPM said Wednesday.

Transportation and logistics firm C.H. Robinson Worldwide's 2006 net income rose to $266.9 million or $1.53 a share, up from $203.4 million or $1.16 in 2005.

Canadian freight railroad Canadian Pacific’s fourth-quarter net income was C$145.6 million or 92 cents a share, up from $137.1 million or 86 cents a year earlier.