Logistics
Business, Technology, Government, Logistics

CP Workers Begin Strike

About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada’s Globe and Mail reported.

Transport Topics
May 17, 2007
Business, Logistics

US 1 Industries’ Income Dips

Logistics firm US 1 Industries’ first-quarter income fell to $370,000 or 3 cents a share, from $695,000 or 6 cents a year ago.

Transport Topics
May 16, 2007
Business, Logistics, Fuel, Government

Diesel Drops Another 1.9¢; Gas Soars to Record $3.103

TT File Photo

Diesel’s national average pump price dipped 1.9 cents to $2.773 a gallon, while gasoline jumped 4.9 cents to an all-time record $3.103, the Department of Energy said Monday.

Transport Topics
May 15, 2007
Government, Business, Logistics

Clarke Sets 2-for-1 Stock Split

Ambassador Bridge — TT File Photo

Canadian holding company Clarke Inc. said Thursday its first-quarter earnings improved, and the company’s board approved a 2-for-1 stock split.

Transport Topics
May 10, 2007
Business, Government, Logistics

U.K. Hedge Fund Seeks Rail Returns

Larry Smith/Trans Pixs

A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.

Transport Topics
May 10, 2007
Business, Logistics

CSX to Buy Back $1 Bln. in Stock

Eastern freight railroad CSX Corp. said Tuesday it will repurchase an additional $1 billion in its stock, boost its dividend 25% and make significant capital expenditures over the next four years, the Associated Press reported.

Transport Topics
May 8, 2007
Business, Logistics

EGL Says Ceva’s Offer ‘Superior’ to CEO’s

EGL Inc. said Monday that a $43 proposal by Ceva Group to acquire EGL is a “superior proposal” to a proposal led by its chief executive officer.

Transport Topics
May 7, 2007
Business, Safety, Government, Logistics

Pacer’s Income Falls 41%

TT File Photo

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.

Transport Topics
May 4, 2007
Government, Business, Logistics

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.

Transport Topics
May 4, 2007
Business, Logistics

Ceva Makes Offer for EGL

EGL Inc.

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.

Transport Topics
May 3, 2007

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