Swift Begins NYSE Trading at $11 a Share
Swift Transportation Co.’s stock began trading Thursday at $11 a share, after the company raised about $810 3 million in its initial public offering, Bloomberg reported.
December 16, 2010OHL Names North American Transportation President
Ozburn-Hessey Logistics said Dec. 13 it promoted Greg Sanders president of the company’s North America Transportation unit.
December 14, 2010Shippers Cite Concerns on FMC Investigation of Ocean Carriers
A shipper group has expressed “profound disappointment” over a so-called fact-finding investigation by the Federal Maritime Commission into numerous U.S. importer and exporter complaints about “perceived malpractices” by ocean carriers that resulted in supply-chain service disruptions and rate and surcharge increases in late 2009 and 2010.
December 13, 2010Intermodal Traffic Gains 13.8% for Week
Intermodal traffic rose 13.8% last week from a year ago, the Association of American Railroads said.
December 10, 2010EPA Completes 2011 Renewable Fuel Standard
The U.S. Environmental Protection Agency last week finalized its 2011 national renewable fuel standard, calling for the production of 800 million gallons of biodiesel, up from 650 million gallons in 2010.
December 6, 2010New Trailer Registrations Surge, Led by Dry-Van Replacements
Booming dry-van sales led to a surge in U.S. trailer registrations in the third quarter, as buyers registered 35% more new trailers than in the corresponding period of last year, R.L. Polk & Co. reported.
December 6, 2010Swift Plans to Raise $1.01 Billion in Largest IPO for Truckload Carriers
Swift Holdings Corp., the new corporate name for carrier Swift Transportation, said it plans to raise as much as $1.01 billion this month in an initial public offering of shares that could be the largest ever for a truckload fleet.
December 6, 2010Intermodal Traffic Gains 10.8% for Week
Intermodal traffic increased 10.8% last week from the same week last year, the Association of American Railroads reported.
December 3, 2010Swift IPO Set for This Month Could Top $1 Billion
Swift Holdings Corp. said it plans to raise as much as $1.01 billion in an initial public offering this month that could be the largest ever for a truckload fleet.
December 2, 2010Consumer Confidence Improves in November
Consumer confidence rose in November, the New York-based Conference Board said Tuesday.
November 30, 2010