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2008-10-21 Odyssey Logistics & Technology Corporation Continues to Expand with Double Digit Growth Rate
DANBURY, Conn.-Odyssey Logistics & Technology Corporation (OL&T), a global logistics and transportation service provider for chemical and process industries, has been experiencing continued positive growth this year by expanding globally. OL&T will report another double digit growth rate for 2008.
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2008-10-21 Greatwide Logistics Services Reaches Agreement to be Acquired by Investor Group
Sale is Expected to Significantly Reduce Debt and Interest Burden, Enhance Competitiveness and Position Company for Continued Growth and Profitability
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2008-10-23 Austin Ventures Announces Investment with Robert Stull to Launch Port Logistics Group
AUSTIN, Texas-Austin Ventures (“AV”), one of the nation’s leading venture and growth capital firms, announces the acquisition of three companies to launch Port Logistics Group (“PLG”). The investment was made in partnership with Robert Stull, a leading executive in the transportation logistics and distribution services industries. Mr. Stull will lead PLG as its President and Chief Executive Officer. With revenues of approximately $100 million at its launch, PLG becomes one of the leading nationwide providers of warehousing, distribution and transportation services in U.S. port cities. PLG develops and implements innovative logistics solutions to help the world's leading companies get their products to market faster and more efficiently. The company will be headquartered in Houston, Texas.
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2008-10-23 World Logistics Services, Inc. Announces New Credit Facility
TAMPA, Fla.World Logistics Services, Inc. (Pink Sheets:WLSV) announces it has entered into a new credit facility that will provide additional capital to WLSV for continued future growth.
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2008-10-23 Norway Post Selects RedPrairie’s Transportation Suite to Help Fulfill Their Vision for the Future
Leading Nordic company will use Transport Management in expanding logistics operations.
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2008-10-23 ICF International Awarded Department of Transportation Contract Valued at $10M
FAIRFAX, Va.ICF Incorporated, LLC, a subsidiary of ICF International (NASDAQ:ICFI), announced today that it won a competitively awarded recompete contract with the U.S. Department of Transportation (DOT) Federal Motor Carrier Safety Administration (FMCSA). The total value of the five-year contract (one base year, four option years) is $10 million.
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2008-10-23 Knight Transportation Reports Revenue and Net Income for the Third Quarter of 2008
Knight Transportation, Inc. (NYSE: KNX) announced today its financial results for the quarter ended September 30, 2008.
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2008-10-23 New Volvo FH wins two Truck of the Year awards in Lithuania
The Lithuanian Truck of the Year 2009 was unveiled at last week's Transport Leaders ceremony in Vilnius. The new Volvo FH was awarded by the jury as Truck of the Year 2009. This FH title was reinforced with Truck of the Year by People choice trophy and Volvo truck got the award for the second consecutive year.
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2008-10-23 Tomorrow’s Volvo truck identifies dangers in advance
Trucks that automatically identify traffic hazards long before the driver does. This can really become a reality within the next ten years. On 22-23 October, Volvo Trucks and a number of other partners will be revealing how tomorrow’s traffic safety can be improved through new solutions for communication between vehicles and their surroundings. The demonstration will take place on a test track outside Frankfurt in Germany.
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2008-10-27 Austin Ventures Commits $75MM to Partnership with Ronald Sorrow to Form New Supply Chain Services Company
Austin Ventures (“AV”), one of the nation’s leading venture and growth capital firms, announces the commitment of up to $75 million of equity capital for the creation of AVRON Partners, Inc., a new supply chain services acquisition and strategic business development company. The new organization has been formed in partnership with Ronald T. Sorrow, co-founder and former CEO of RoadLink USA and former CEO of CSX Intermodal. Mr. Sorrow will lead the new organization as its President and Chief Executive Officer. The new venture will concentrate on acquiring and strategically expanding companies within the supply chain services, transportation logistics, and distribution sectors.
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2008-10-27 NATSO Fuel Survey: Truckstop Diesel Volumes Increase in September
Diesel volumes at truckstops increased in September over 2007 volumes, according to a fuel survey conducted by NATSO, an association representing 1,100 truckstops and travel plazas. The September results marked the first year-over-year increase in diesel sales volumes since April and followed a sharp 7.8 percent decline in August.
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2008-10-27 Volvo Construction Equipment Gives Notice of Redundancy to 850 Employees in Sweden
Volvo (STO:VOLVA) (STO:VOLVB) Construction Equipment, that earlier this autumn announced a notice of redundancy to 500 employees in Sweden, is today giving notice to an additional 850 employees in Sweden. This is due to the slow down of the global construction equipment market.
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2008-10-27 Road Safe America Applauds American Trucking Associations Policy Supporting Electronic Speed Governors on All Big Trucks
Road Safe America, a non-profit seeking to have a national regulation adopted requiring the use of speed governors to slow down tractor-trailer rigs to save lives, applauds the action by the board of the American Trucking Associations (ATA) supporting required activation of electronic speed governors on big trucks built since 1992 at 65 mph or slower.
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2008-10-28 L-3 Awarded Navy T-45 Logistics and Maintenance Support Contract
L-3 Communications (NYSE:LLL) announced today that its Vertex subsidiary has been awarded an indefinite-delivery contract valued at $569 million by the U.S. Navy. Vertex, which has teamed with The Boeing Company for this project, will provide logistics services and maintenance materials in support of T-45A and T-45C trainer aircraft.
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2008-10-30 RedPrairie’s enhanced Transportation Management System (TMS) enables greater efficiency and profit for third-party logistics (3PL) providers
Updated transportation management solution capabilities drive efficiency and profit through increased customer collaboration, more accurate pricing and billing for 3PL providers.
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2008-10-30 TrafficCast International Founder Dr. Connie Li Selected to Present at ALLTHINGSMEDIA Venture Capital Forum
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2008-10-30 Preliminary fair values assigned to Scania’s assets and liabilities for VW’s financial reporting of Scania
As a consequence of Volkswagen’s acquisition of Investor AB and the Wallenberg Foundations block of shares in Scania effective July 22, 2008, Volkswagen’s shareholding in Scania fulfils the criteria of a business combination and has to be treated in accordance with the financial reporting standard IFRS 3 “Business Combinations” in the financial reporting of Volkswagen. The standard requires the purchase price to be allocated to all assets and liabilities acquired.
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2008-11-04 Iteris, Inc. to Present at Rodman and Renshaw Annual Global Investment Conference in New York City
Iteris, Inc. (AMEX:ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, today announced that Abbas Mohaddes, the Company’s chief executive officer, will present at the Rodman and Renshaw Annual Global Investment Conference in New York City. Iteris is scheduled to present on November 10, at 9:55 a.m. ET. The conference will take place at the New York Palace Hotel, New York, NY.
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2008-11-04 Cummins Reports Record Third Quarter Financial Performance, Remains on Track for Fifth Consecutive Year of Record Sales and Profits
Cummins Inc. (NYSE: CMI) today reported its highest third quarter sales and profits ever, and second best quarter in its history, led by strong gains internationally that more than offset continued weakness in the Company’s North American consumer markets.
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2008-11-04 Volvo: Award-Winning Ecologist on the Financial Crisis: the Financial Markets Have a Lot to Learn from Eco-Systems and Crisis
Politicians and policy-makers all over the world struggle to stabilize the global financial system. But perhaps regulations and command-and-control won’t do much good. Instead, governments should take a closer look at the research on resilience – the capacity of an eco-system to cope with shock and then rebuild and renew itself.
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