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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
Business, Logistics

EGL Says Ceva’s Offer ‘Superior’ to CEO’s

EGL Inc. said Monday that a $43 proposal by Ceva Group to acquire EGL is a “superior proposal” to a proposal led by its chief executive officer.

May 7, 2007
Business, Safety, Government, Logistics

Pacer’s Income Falls 41%

TT File Photo

Transportation and third-party logistics firm Pacer International’s first-quarter net income plunged 41% to $14.4 million or 15 cents a share, from $24.4 million or 36 cents a year ago.

May 4, 2007
Government, Business, Logistics

U.S. Firm Buying Canada Cartage

A U.S. private-equity firm will buy trucking company Canada Cartage for C$140 million, the Canadian Press reported Friday.

May 4, 2007
Business, Logistics

Ceva Makes Offer for EGL

EGL Inc.

EGL Inc. said Thursday it has received an offer from Ceva Group to acquire stock of the Houston-based freight forwarder for $43 a share.

May 3, 2007
Business, Logistics

Expeditors’ 1Q Profit Rises

Logistics firm Expeditors International of Washington’s first-quarter profit rose 13% to $59.3 million or 27 cents a share, from $52.4 million or 24 cents a year ago.

May 3, 2007
Business, Logistics, Government

TIA Says Customs to Expedite Request for Logistics Firms to Join C-TPAT

By Dan Leone, Staff Reporter

This story appears in the April 30 print edition of Transport Topics. Click here to subscribe today.

May 2, 2007
Business, Logistics

Target Logistics’ Income Dips

Freight forwarder Target Logistics said Wednesday its fiscal third-quarter profit fell to $340,000 or 2 cents a share, from $610,000 or 3 cents a year ago.

May 2, 2007

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