![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING BUSINESS AFFAIRS
* USA - Former Swift chief bids to take fleet private
Phoenix,AR,USA -Today's Trucking(CAN) /Bloomberg -7 Nov 2006: -- The former owner of the second-largest truckload carrier in North America is offering $2.17 billion to take back the company he founded... Swift Transportation founder Jerry Moyes, who was ousted as CEO after insider trading allegations last year, is offering the board $29 a share, reports... The 62 year-old Moyes -- who sits on the board and is the company's largest shareholder with a 26 percent stake -- would take the 18,000-truck fleet private if the proposal is accepted... The company had sales of $3.2 billion last year...
* USA - Trucking Stocks Rally
New York,NY,USA -The Associated Press/The Houston Chronicle (Houston,TX) -Nov. 6, 2006— Shares of trucking stocks rose sharply on Monday after Swift Transportation Co. Inc. said its largest shareholder wants to buy the truckload carrier for $29 per share... Shares of Swift Transportation leapt $5.57, or 23.1 percent, to $29.62 in morning trading on the Nasdaq. Elsewhere on the Nasdaq, shares of Werner Enterprises jumped 88 cents, or 4.8 percent, to $19.05, while shares of J.B. Hunt Transport Services Inc. added $1, or 4.8 percent, to $22...
* Canada - Contrans, Mullen buy more fleets in wake of income trust decision
Woodstock,Ont,CAN -Today's Trucking (CAN) -7 Nov 2006: -- Two of Canada's largest public for-hire carriers haven't let the federal government's recent announcement to tax income funds like other corporations affect their fleet purchasing strategies -- at least not yet... Contrans Income Fund -- the parent company of Brookville Carriers, Laidlaw Carriers, and Tri-Line, among others -- has completed the acquisition of 18-truck fleet, Tripar Transportation, a specialized overnight fleet service primarily between Southern Ontario and the North-Eastern U.S...
posted by Unknown @ 5:24 PM
0 Comments:
Post a Comment
<< Home