TRUCKINGS' BUSINESS AFFAIRS
* USA - Creo Capital Partners buys Volunteer Trucking
USA -eTrucker -25 Oct 2006: -- Creo Capital Partners of Los Angeles has entered the logistics industry with the acquisition of Volunteer Trucking of Dayton, Tenn... The transaction, terms of which were not disclosed, is the first in a series of logistics investments that Creo expects to make...
* USA - Knight buys Roads West for $15.6 million
USA -eTrucker -25 Oct 2006: -- Knight Transportation announced Monday, Oct. 23, that it has completed a $15.6 million purchase of most of the trucking assets of another Phoenix-based carrier, Roads West Transportation...
* USA - IJS Global Acquires Dutch Logistics Company
Stamford,CT,USA -TNN (UK) -25 Oct 2006: -- IJS Global, Inc., the fast-growing multi-modal freight forwarder, customs broker and non-vessel operating common carrier, said yesterday that it had acquired Transfairways BV, a Dutch logistics provider specializing in project forwarding, for an undisclosed sum...
* China - Schneider National to enter China trucking market
Beijing,China -XFN (Asia)/Forbes/ Wall Street Journal -26 Oct 2006: -- Schneider National Inc plans to enter China's trucking market, saying the country's road network has developed sufficiently to make operations there feasible, there... Schneider is likely to make investments worth tens of millions of dollars in China within a year, chief executive, Chris Lofgren said, adding that its preferred method is to acquire companies rather than form joint ventures...
* USA - Tri-State launches truckload division
USA -eTrucker, by Brittani Tingle -26 Oct 2006: -- Tri-State Expedited, headquartered in Toledo, Ohio, has formed a new truckload division to add to its expedited transportation services... The new division will offer drivers dedicated lanes, 100 percent of fuel surcharge, no trailer usage fee, paid tolls, no charge for base plates, weekly settlements and advances on each load...
* USA - Detroit troubles slowing Upper Midwest
Chicago,Ill,USA -Reuters, by Nick Carey -Oct 27, 2006: -- Trucking company YRC Worldwide Inc. is seeing greater softness in the Upper Midwest than in the rest of the U.S. economy due to the woes of car makers in Detroit, the company's top executive said on Friday... Chief Executive Officer Bill Zollars told Reuters the day after YRC reported third-quarter results that came in below market expectations and warned that a slowing economy would hurt the company's fourth-quarter profits...
* USA - Ryder Reports Higher Profits, Revenue
USA -TTNews Express -25 Oct 2006: -- Ryder System said Wednesday its third-quarter net income rose to $65.3 million or $1.06 cents a share, from $63.3 million or 98 cents a year earlier...
* USA - Saia’s Third-Quarter Earnings Improve
USA -TTNews Express -25 Oct 2006: -- Saia Inc., parent of less-than-truckload carrier Saia Motor Freight Line, reported late Tuesday third-quarter net income of $7.7 million or 52 cents a share, up from $7 million or 43 cents a year ago...
* USA - U.S. Xpress' Earnings, Revenue Rise in 3Q
USA -TTNews Express -25 Oct 2006: -- Truckload carrier U.S. Xpress Enterprises said late Monday its third-quarter income rose to $7.72 million or 47 cents a share, compared with $4 million or 25 cents a share in the previous year...
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