09 Feb Navistar Completes Repricing of $1 Billion Loan Navistar International Corp. announced it has completed the repricing of subsidiary Navistar Inc.'s existing $1 billion senior secured term loan. Read more...
09 Feb Private Equity Group Buys Stake In Evans Network of Cos. Calera Capital has acquired a majority stake in the Evans Network of Cos., but CEO Bo Bates, the Evans family and management will retain a significant equity interest in the business, according to a Feb. 9 announcement. Read more...
09 Feb Cummins Fourth-Quarter Income Rises as Revenue Dips Independent engine maker Cummins Inc. posted higher fourth-quarter net income and slightly lower revenue. Read more...
09 Feb Dana Fourth-Quarter Income Surges on Revenue Rise, Tax Break Components supplier Dana Inc. saw fourth-quarter net income surge as a result of a tax benefit and a 5% increase in revenue compared with the same period in 2015. Read more...
09 Feb Jobless Claims Fall to Lowest Since November Applications for unemployment benefits in the United States declined last week to an almost three-month low, echoing a vibrant job market. Read more...
08 Feb Radiant Posts Higher Earnings; Echo Global, Forward Air Slip Three transportation and logistics companies reported quarterly earnings after the market closed Feb. 8, with two that recorded year-over-year declines and one that showed improvement. Read more...
08 Feb P3s 'Do Not Work For Rural Areas,' Sen. John Barrasso Says WASHINGTON - Projects funded primarily with private sector capital are not ideal for states and cities outside of urban megaregions, the Senate's top transportation policymaker said Feb. 8 during a hearing at which other senators and state transportation officials also criticized privately backed infrastructure projects. Read more...
08 Feb It's No Accident How YRC Trucker Don Robinson Drove Millions of Miles Safely For the record, Don Robinson knows exactly when and where his personal and professional milestone happened: 9 p.m. on Oct. 8 in the northbound lane of Interstate 71 in Ohio. Read more...
08 Feb ArcBest Remains Profitable, But Earnings Dip From 2015 Level ArcBest Corp. remained profitable for both the fourth quarter and all of 2016 but at lower levels than the year before, the Fort Smith, Arkansas, carrier said Feb. 8. Read more...
08 Feb World's Biggest Shipping Company Voices Alarm at Trump Trade War A.P. Moller-Maersk A/S, the owner of the world's biggest container shipping line, is paying particular attention to noises coming from the United States that suggest the new administration is moving closer to a trade war with China. Read more...