Topic: Transportation and Logistics Sector
American Commercial Lines shares soar on 4Q profit
AP News
American Commercial Lines shares soar on 4th-qtr profit well above Wall Street's expectationsShares of American Commercial Lines Inc. surged 26 percent Tuesday after the inland barge operator reported a fourth-quarter profit that fell year-over-year but still soared past Wall Street's expectations. Lower towing revenue and grain shipping rates ...
AirTran, union reach 4-year deal for dispatchers
AP News
AirTran, union reach 4-year collective bargaining deal for dispatchersAirTran Airways and the union that represents its flight dispatchers said Tuesday they have ratified a new four-year bargaining deal. The agreement covers AirTran Airways dispatchers that work at the company's System Operations Control Center in Orlando. The dispatchers are represented ...
SAS to raise cash, cut 700 jobs after Q4 loss
AP News
SAS to cut 700 jobs, raise $670M in share issue after posting quarterly lossSAS stocks nosedived Tuesday after the Scandinavian airline group posted a fourth-quarter loss and asked shareholders for 5 billion kronor ($670 million) to help repair its ailing finances. Pressured by the economic downturn and competition from low-cost ...
FAA investigating Southwest Airlines again
AP News
FAA investigating Southwest Airlines again over compliance with safety ordersFederal officials are investigating Southwest Airlines over the way it handled structural repairs on dozens of jets, according to a person familiar with the situation. The Federal Aviation Administration confirmed Tuesday that it is investigating whether Southwest followed safety orders dealing ...
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