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Business, Government, Safety, Fuel

Stricter Emission Rules Raise Costs, Freight, Shipping Executives Say

By Sean McNally, Senior Reporter

This story appears in the April 9 print edition of Transport Topics. Click here to subscribe today.

April 9, 2007
Business, Safety, Government, Logistics

Pacer Sets Debt-Removal Plan

Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.

April 9, 2007
Business, Government, Autonomous

Chinese Truck Maker Plans Overseas Public Listing

A Chinese truck company plans to transfer its entire stake in its China-based unit to a Hong Kong-based subsidiary in an $845 million deal, paving the way for an overseas listing of that country’s third-largest truck marker, Bloomberg reported.

April 9, 2007
Business, Government, Equipment, Autonomous

Tire Makers Raising Prices

At least five major tire manufacturers said they are raising prices on their medium- and heavy-duty truck tires by 3% to 5%, with most citing the rising cost of raw materials as the reason.

April 9, 2007
Business, Government, Safety, Fuel, Autonomous

Greenhouse Ruling Could Raise Costs

The Supreme Court’s ruling that the EPA must reconsider its position to leave “greenhouse gas” emissions from motor vehicles unregulated could lead to increased costs for trucking companies.

April 9, 2007
Business, Fuel, Government

Diesel Jumps 11.4¢ to $2.79 a Gallon

The average retail price of diesel fuel jumped 11.4 cents to $2.79 a gallon, the largest one-week jump in 18 months, the Energy Department reported.

April 9, 2007
Business, Fuel, Government, Safety

FedEx Buys Air Cargo Firm

TT File Photo

FedEx Corp. said Friday that it signed an agreement to acquire Hungarian air cargo company Flying-Cargo Hungary Kft.

April 6, 2007
Government, Business, Fuel, Autonomous

Crude Prices Fall Following Sailors’ Release by Iran

Crude oil futures fell lower Thursday after Iran released 15 British sailors it had held for two weeks, Bloomberg reported.

April 5, 2007
Business, Safety, Government, Equipment, Logistics

Pacer Lowers ’07 Guidance

TT File Photo

Transportation and third-party logistics firm Pacer International lowered its full-year earnings guidance, said it would consolidate some operations and said its board authorized a buyback of up to $100 million of the company’s stock.

April 5, 2007
Business, Government

Feb. Factory Orders Rise 1%

Factory orders rose 1% in February following the biggest drop in six years, the Commerce Department said Wednesday.

April 4, 2007