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Business, Logistics

Dynamex Reports Higher 1Q Earnings

Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit rose to $3.5 million or 32 cents a share, from $3.2 million or 29 cents a year earlier.

June 7, 2007
Government, Business, Technology, Logistics

Hub Group Buys Intermodal Firm

Third-party logistics company and freight broker Hub Group said it will acquire the assets of Interdom Partners, an intermodal marketing company, for $26 million.

June 7, 2007
Business, Logistics

Menlo Buying Asian Logistics Firm

Con-way Inc.

Con-way Inc. unit Menlo Worldwide and Cougar Logistics Corp. said Thursday they have signed an agreement under which Menlo will purchase Cougar for $33.9 million.

June 7, 2007
Business, Logistics, Autonomous

Norfolk Southern Plans $2 Bln. Rail Corridor

Tom Biery/Trans Pixs

Eastern freight rail line Norfolk Southern Corp. plans to build a rail corridor costing more than $2 billion from Louisiana to the Northeast that it said would speed shipments and reduce truck freight, the Associated Press reported.

June 7, 2007
Business, Fuel, Government, Logistics

Ceva Secures EGL Financing

EGL Inc.

The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.

June 6, 2007
Government, Business, Safety, Logistics

Border Measures Boosting Costs

Larry Smith/Trans Pixs

Security measures at the Canada-U.S. border introduced since 9/11 have not slowed the flow of goods into the United States but have added to costs for Canadian companies, according to new report, the Ottawa Citizen newspaper reported.

June 5, 2007
Fuel, Business, Logistics, Government

Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157

Bruce Harmon/Trans Pixs

Diesel fuel’s national average retail price fell 1.8 cents to $2.799 a gallon, while gasoline dropped more than a nickel to $3.157, the Department of Energy reported Monday.

June 5, 2007
Business, Logistics, Government

U.S. Truck Freight Falls

U.S. truck tonnage in the United States declined again in April — the ninth downturn in the past 10 months — showing the effects of a national economy in flux.

June 4, 2007
Business, Logistics

Ceva’s First-Quarter Loss Widens

Ceva Group Plc said it lost 14.9 million euros (about $20 million) in the first quarter, compared with a loss of 7.7 million euros ($10.4 million) a year earlier.

May 31, 2007
Business, Logistics, Government

Chicago Factory Index Rises in May

Manufacturing activity in the Chicago region accelerated in May, the National Association of Purchasing Management said Thursday.

May 31, 2007