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Fuel, Business, Logistics, Government

Diesel Price Rises 3¢ to $2.803; Gas Jumps to Another Record

Bruce Harmon/Trans Pixs

Diesel fuel’s national average price climbed 3 cents to $2.803 a gallon and gasoline continued to soar, setting an all-time record for the second straight week with an 11.5-cent spike to $3.218, the Department of Energy said Monday.

May 22, 2007
Business, Logistics

Ceva Boosts EGL Offer to $2 Billion

Ceva Logistics said Monday it has made a new offer to buy EGL Inc., raising its per-share offer to $47.50 a share, or about $2 billion total.

May 21, 2007
Business, Government, Safety, Logistics

Fleets Offer Expanded Storage Options

With demand for freight-hauling services relatively slack, some trucking companies are branching out beyond logistics to offer more warehousing services.

May 21, 2007
Business, Logistics

Penske, ABX Form Brazil Venture

Larry Smith/Trans Pixs

Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.

May 18, 2007
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.

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.

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.

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.

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.

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.

May 8, 2007