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Business, Logistics

EGL Shareholders Approve Buyout

EGL Inc.

EGL Inc. said late Tuesday that its shareholders approved the company’s proposed $2 billion buyout by Ceva Group, and the deal is expected to close on Thursday.

August 1, 2007
Fuel, Business, Logistics, Government

Diesel Dips 0.3¢ to $2.886; Gasoline Tumbles Again

Larry Smith/Trans Pixs

Diesel fuel’s national average pump price dipped 0.3 cent to $2.886 a gallon, while gasoline continued its downward trend, falling 8.2 cents to $2.876, the Energy Department said Monday.

July 31, 2007
Business, Logistics

Wabash Reports Higher 2Q Earnings

Trailer maker Wabash National Corp. reported its second-quarter profit rose to $5.9 million or 18 cents a share, from $5 million or 15 cents a year ago.

July 31, 2007
Business, Logistics, Government

Chicago Manufacturing Index Drops

Manufacturing activity in the Chicago region declined in July, the National Association of Purchasing Management said Tuesday.

July 31, 2007
Business, Logistics, Technology, Equipment, Safety

Schneider to Use Oracle Software System

Truckload carrier Schneider National has selected Oracle to supply infrastructure software for its integrated transaction and data enterprise software system, Oracle said Monday.

July 30, 2007
Government, Business, Logistics

SoCal Ports Reach Labor Pact

Union workers at the Southern California ports of Los Angeles and Long Beach reached a tentative agreement with shipping lines and terminal operators, averting the threat of a strike at the biggest U.S. port complex, the Los Angeles Times reported Friday.

July 27, 2007
Business, Logistics

Norfolk Southern’s 2Q Income Improves

Eastern freight railroad Norfolk Southern Corp. said Wednesday its second-quarter earnings grew 5% to $394 million or 98 cents a share, from $375 million or 89 cents a year ago.

July 25, 2007
Business, Safety, Government, Logistics

C.H. Robinson’s 2Q Income Jumps 24%

Transportation and logistics firm C.H. Robinson Worldwide’s second-quarter profit jumped 24% to $82.3 million or 47 cents a share, from $66.6 million or 38 cents a year ago.

July 25, 2007
Business, Logistics

Existing Home Sales fall 3.8%

Existing homes sales fell in June for a fourth straight month, declining 3.8%, the National Association of Realtors said Wednesday.

July 25, 2007
Business, Logistics

CN’s Second-Quarter Income Declines

Canadian National Railway Co. said its second-quarter profit declined 29% as a result of flat revenue and an income tax recovery charge.

July 24, 2007