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Business, Government, Technology, Logistics

Crane Leverages Loss of EGL into New Logistics Success

HOUSTON — During the second half of 2007, when the U.S. economy and stock market were at their respective peaks, a colleague of James Crane said he was — for a brief while — bitter and unhappy. But as gross domestic product and the value of stocks, housing and other assets fell dramatically, the smile returned to Crane’s face as he realized the comfort of cash — hundreds of millions of dollars of it.

July 20, 2009
Fuel, Business, Logistics

Standards Group Votes Against Pump Gauges for ‘Hot Fuel’

Susan Goldman/Bloomberg

The National Conference on Weights and Measures has voted not to require temperature gauges to measure fuel output on retail pumps.

July 17, 2009
Business, Government, Safety, Logistics

Opinion: The Fatigue Checklist — Scant Science

Get a group of truckers together anywhere in this country, and Minnesota’s “Fatigued Driving Evaluation Checklist” is bound to come up. The 75-item list gained national prominence when the Owner-Operator Independent Drivers Association sued the Minnesota State Patrol in federal court in an attempt to stop its use.

July 17, 2009
Business, Logistics, Government

Carter Logistics Opens Cross-Dock in Mich.

Third-party logistics firm Carter Logistics said it has opened a new cross-dock facility in Romulus, Mich.

July 15, 2009
Business, Logistics

Yucaipa Cos. Acquires 49% Stake in Eimskip Cold Storage Business

The Yucaipa Cos., a private equity firm, bought a 49% stake in Versacold International Corp., an operator of temperature-controlled warehouses, from Icelandic shipping and logistics company Hf. Eimskipafelag Islands, or Eimskip.

July 15, 2009
Business, Fuel, Logistics

CSX Profit Falls 20% in Second Quarter

Larry Smith/Trans Pixs

Freight railroad CSX Corp. said its second-quarter profit fell 20% as fuel surcharges and shipments dropped.

July 14, 2009
Business, Logistics

CEVA Recruits Ryan as First COO

CEVA Logistics has appointed Matthew Ryan its first chief operating officer, the company announced on July 2. He will manage the company’s global operations team and be responsible for global procurement, CEVA said.

July 14, 2009
Business, Logistics

Expeditors Releases 2Q Earnings Guidance

Logistics firm Expeditors International of Washington said Monday its second-quarter earnings will likely be 24 cents to 26 cents per share, down from 32 cents a year ago.

July 13, 2009
Editorial, Government, Business, Safety, Logistics

Trucking’s Safety Emphasis Pays Off

At a time when good news in the trucking industry is hard to come by, the National Highway Traffic Safety Administration served up a generous helping of it last week when it said that truck-related highway fatalities plummeted 12% last year.

July 13, 2009
Government, Business, Safety, Logistics

Don’t Ignore NTSB Suggestions, Nominee Hersman Tells Congress

WASHINGTON — Debbie Hersman, President Obama’s choice to lead the National Transportation Safety Board, told a Senate committee that other transportation agencies should voluntarily adopt the board’s recommendations, and if they don’t, Congress should order them to.

July 13, 2009