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2008-08-16 K-Sea Transportation Partners L.P. Announces Public Offering of 2,000,000 Common Units
NEW YORK--(BUSINESS WIRE)--K-Sea Transportation Partners L.P. (NYSE: KSP) today announced that it has priced a public offering of 2,000,000 common units representing limited partner interests. The underwriters have been granted an option to purchase up to an additional 300,000 common units. The net proceeds of the offering, after deducting underwriting discounts and commissions, will be used to repay indebtedness and make construction progress payments in connection with K-Sea’s vessel newbuilding program.
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2008-08-16 FedEx Corp. Board Declares Quarterly Dividend
MEMPHIS, Tenn.--(BUSINESS WIRE)--The Board of Directors of FedEx Corporation (NYSE: FDX) today declared a quarterly cash dividend of $0.11 per share on FedEx Corporation common stock. The dividend is payable October 1, 2008 to stockholders of record at the close of business on September 10, 2008.
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2008-08-16 Scania delivering 300 trucks to Ukraine
The Ukrainian company Europa-Trans has ordered 300 trucks from Scania. The order is Scania’s largest single transaction in Ukraine to date.
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2008-08-16 Alternative fuels -Volvo
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2008-08-18 Raser Prices Offering of Shares to Complete Shelf Offering
PROVO, Utah--(BUSINESS WIRE)--Raser Technologies, Inc. (NYSE Arca: RZ) announced today that it has priced the public offering of 1,986,173 shares of its common stock at $8.95 per share. Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) acted as underwriter of the offering. The 1,986,173 shares, together with the 723,000 shares previously sold pursuant to Raser’s ATM Equity Offering Sales Agreement with Merrill Lynch, constitute all $25 million of the shares of common stock contemplated to be sold pursuant to the ATM Equity Offering Sales Agreement announced in June 2008. The shares are being sold pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
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2008-08-18 Explore the Fundamentals of Logistics in Bulgaria
Market size, outsourcing rates, analysis of past market performance along with forecast growth trends for contract logistics markets - supported by macroeconomic insight, transport infrastructure, key warehouse locations and country specific 3PL profiles.
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2008-08-18 TransCore Technology Improves Operations for Suddath Transportation Services
PORTLAND, Ore.--(BUSINESS WIRE)--TransCore has announced that Suddath Transportation Services, a national certified freight broker, has upgraded to its 3sixty Logistics Suite to streamline operations and improve efficiency of service.
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2008-08-18 Worldwide Transportation Logistics Provider cargo-partner Supports Research Projects on Fuel-Saving Aeronautical Technologyk
The company provides financial assistance for two innovative research projects at the Hamburg University of Applied Sciences. Mr. Stefan Krauter, the owner of cargo-partner group, and Ferdinand Koch, the managing director of the Environmental cargo-partner e.V. association, were on hand to award the funds of 10,000 per project to the research teams in Hamburg.
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2008-08-18 Cargo transport up 10.6%
In the first three months of this year, 29.9 million tonnes of cargo were transported in Lithuania which was a year-on-year increase by 10.6 percent, preliminary data provided by the Lithuanian Department of Statistics showed last week.
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2008-08-20 Transplace Named a Top 3PL Provider by Inbound Logistics
FRISCO, Texas--(BUSINESS WIRE)--Transplace, a leading provider of transportation services and logistics technology, today announced it was named to Inbound Logistics’ Top 10 3PL Award list for the sixth consecutive year. The leading third party logistics (3PL) provider was chosen among a pool of 300 competing applicants, and was selected based on its ability to meet a variety of criteria, including the ability to offer diverse operational capabilities and provide exceptional customer service.
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2008-08-20 Iteris Selected by LACMTA for Transit Signal Priority Systems Contract Valued at Just Under $8.0 Million
SANTA ANA, Calif. Iteris, Inc. (AMEX: ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, today announced that it has been selected by the Los Angeles County Metropolitan Transportation Authority (LACMTA) to implement bus signal priority systems for three Metro Rapid transit corridors in Los Angeles County, California. Work is expected to begin on the project this quarter.
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2008-08-21 The new Volvo Trucks range shown at IAA
At the heart of Volvo Trucks’ stand will be the new range of Volvo trucks. For the first time ever outside Sweden, the general public will be able to experience these trucks inside and out. With the new range, Volvo Trucks has focused on optimising the driver environment and introducing advanced safety support systems. Visitors will also get a first-hand look at the world’s first operational heavy hybrid refuse truck, and many other groundbreaking innovations.
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2008-08-22 Pacer International to Present at the Morgan Keegan 2008 Equity Conference
CONCORD, Calif.-Top executives of Pacer International, Inc. (NASDAQ: PACR), a leading North American logistics and freight transportation provider, will present a business overview of Pacer and comment on Pacer’s latest financial results at an upcoming investor conference in Memphis.
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2008-08-25 Knight Transportation Announces Quarterly Cash Dividend
PHOENIX-Knight Transportation, Inc. (NYSE: KNX) announced today that its Board of Directors has declared the company’s quarterly cash dividend of $0.04 per share of common stock. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company’s financial performance.
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2008-08-27 RLI Transportation Announces Para-Transit Service Program
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2008-08-27 Celadon Group to Assist Priority Transportation with Customer Loads, Collection of Accounts Receivable, and Marshalling Equipment
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2008-09-01 World Logistics Services, Inc. Signs Agreement with Eastman Logistics
TAMPA, Fla.- Eastman Logistics, has signed a letter of intent to merge with World Logistics Services, Inc. (Pink Sheets:WLSV). The merger is scheduled to take place in early September 2008. Eastman is a non-asset based brokerage and logistics firm with over 10 million in annual revenues. They are headed by Reid and Jack Eastman who will remain with and manage the company.
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2008-09-01 $190 Million in Proposition 1B Funding Approved for Transportation Projects
SACRAMENTO, Calif.--(BUSINESS WIRE)--The California Department of Transportation (Caltrans) announced today that $190 million in transportation funding from Proposition 1B, the 2006 voter-approved transportation bond, has been allocated for 16 projects by the California Transportation Commission (CTC). These allocations are contingent upon passage of the 2008-09 state budget. Depending on the budget's handling of transportation funds, some of the allocation actions could be withdrawn.
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2008-09-03 SMF Energy Deploys Its Emergency Response Team to Louisiana in Support of Hurricane Gustav Relief Efforts
FORT LAUDERDALE, Fla.SMF Energy Corporation, (NASDAQ:FUEL), a leading provider of specialized transportation and distribution services for petroleum products and chemicals, confirmed today that it has deployed its emergency response teams to Louisiana to support relief efforts in the aftermath of Hurricane Gustav. In addition, the Company announced plans are in place to respond to Hurricane Hanna and Tropical Storm Ike, as well as any other tropical disturbances along the Gulf Coast and Atlantic Seaboard between now and the end of November when the official hurricane season ends.
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2008-09-03 Hi-G-Tek’s Erik Wood to Moderate a Panel Session at the Upcoming IDGA Military Logistics Summit
ROCKVILLE, Md.-Hi-G-Tek a developer of RFID (Radio Frequency Identification) sensing and control solutions for tracking high-value cargo and sensitive materials, today announced that Erik Wood, Vice President of Business Development, will speak at the upcoming IDGA Military Logistics Summit. He will be presenting to, and moderating, a round table group composed of Department of Defense (DoD) logistics professionals and industry experts on the topic of ISO 18000-7 Active RFID for in-transit visibility. The panel session will be held on September 24, 2008 at 2:00 p.m. (EDT).
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