Pam sets Dutch auction to buy back shares; battered stock price soars

Pam Transportation, the auto industry-focused truckload carrier whose stock has been battered in the past year and beyond, is buying back some of its shares through a process known as a Dutch auction.  Companies buy back their stock frequently but generally do so in a lower-key manner, entering the market as an occasional or frequent…

Gulf Coast ports report cargo volume surge in March

Container cargo flows increased at ports in Houston, New Orleans and Mobile, Alabama, in March, but shipments of crude oil fell slightly at the Port of Corpus Christi, Texas. Port Houston container shipments up 20% in March Port Houston handled 360,991 twenty-foot equivalent units in March, a 20% year-over-year (y/y) increase. Officials said total cargo…

Starting an American dream from scratch – Taking the Hire Road

Stefan Trifan, president of APL Cargo, sat down with Taking the Hire Road host Jeremy Reymer to share his story of immigrating to the U.S. from Moldova and fulfilling the American dream.  With no experience in the industry, Trifan acquired his CDL and started a trucking company. With just one truck, Trifan grew APL Cargo…