Activist Investor Loeb Acquires Stake in FedEx
Daniel Loeb, an activist investor who has advocated for major changes at companies such as Sony Corp. after investing in them, has taken a stake in parcel carrier FedEx Corp. through his Third Point hedge fund, Bloomberg News reported.
November 13, 2013Best Trucking Management Software Buyer’s Guide
For growing carriers, choosing the right Trucking Management Software (TMS) is vital for the efficiency and growth of your transportation business. As we move into 2024, it's crucial to understand the key features and considerations that make a TMS solution stand out, and which ones play to your unique operation.
Meritor Reports Higher 4Q Earnings
Truck component maker Meritor Inc. said its fiscal fourth-quarter earnings jumped from a year ago in part on the sale of its stake in Suspensys Sistemas Automotivos.
November 13, 2013Maersk Third-Quarter Profits Rise
Maersk Line reported that its third-quarter profit rose from a year ago, and its parent company A.P. Moller-Maersk raised its full-year forecast, Bloomberg News reported.
November 13, 2013YRC Reports $44.4 Million Loss
YRC Worldwide Inc. reported a $44.4 million loss, or $4.45 per share, in the third quarter, compared with net income of $3 million, or 40 cents per share, in the year-earlier period.
November 12, 2013Diesel Falls 2.5¢ to $3.832; Gasoline Drops to 3-Year Low
The average price of diesel fuel fell 2.5 cents to $3.832 a gallon, its lowest price in more than four months, as gasoline dropped to its lowest price since February 2011, the U.S. Department of Energy reported Nov. 12.
November 12, 2013FMCSA Considers Mexican Carrier for Cross-Border Program
The Federal Motor Carrier Administration is considering certification of the 15th carrier under the cross-border pilot program that allows Mexican trucking companies to run longhaul trips in the United States.
November 12, 2013Feds Seek Rule Changes to Help Military Veterans Become Truck Drivers
Federal truck safety officials said they plan to revise regulations in an effort to help veterans and military personnel more easily become civilian truck drivers.
November 12, 2013Arkansas Best Net Income More Than Doubles
Arkansas Best Corp. more than doubled third-quarter earnings to $14 million, or 52 cents per share, sparked by improved results at both the ABF Freight System less-than-truckload unit and other services.
November 12, 2013Heartland Express Buys Gordon Trucking for $300 Mln.
Heartland Express Inc. said it has acquired all of the stock of Gordon Trucking Inc., which Heartland said creates the fifth-largest asset-based truckload fleet in North America.
November 12, 2013Amazon to Offer Sunday Package Delivery Through Postal Service
Amazon.com Inc. said it is working with the U.S. Postal Service to begin offering Sunday package delivery in Los Angeles and New York City beginning this week.
November 12, 2013