EGL Says Ceva’s Offer ‘Superior’ to CEO’s
EGL Inc. said Monday that a $43 proposal by Ceva Group to acquire EGL is a “superior proposal” to a proposal led by its chief executive officer.
May 7, 2007Letter to the Editor: Supplying Urea
March Truck Tonnage Rises 1.6%
After dropping for eight straight months, freight volumes rose 1.6% in March, American Trucking Associations said in a preliminary report.
May 7, 2007Freightliner Sets New ‘Cascadia’ Truck
CHARLOTTE, N.C. — Freightliner Trucks last week introduced a new heavy-duty over-the-road truck called “Cascadia” it said improves fuel efficiency by 3%.
May 7, 2007House Panel Imposes New Border Limits
A House panel moved to put new limits on the Bush administration’s plans to open the U.S. border to Mexican trucks, and the panel’s chairman warned DOT not to go forward with its plans.
May 7, 2007Diesel Declines 4¢ to $2.811
Diesel fuel fell 4 cents a gallon to $2.811 last week, its second straight decline, while the gasoline average posted its largest gain in just over a year, the Energy Department said.
May 7, 2007Pacer’s Income Falls 41%
Transportation and third-party logistics firm Pacer International’s first-quarter net income plunged 41% to $14.4 million or 15 cents a share, from $24.4 million or 36 cents a year ago.
May 4, 2007U.S. Firm Buying Canada Cartage
A U.S. private-equity firm will buy trucking company Canada Cartage for C$140 million, the Canadian Press reported Friday.
May 4, 2007Payrolls Rise Less Than Forecast; Unemployment Rate Rises to 4.5%
U.S. payrolls rose by 88,000 in April and the unemployment rate rose to 4.5% from 4.4% in March, the Labor Department said Friday.
May 4, 2007YRC Names USF Glen Moore CEO
YRC Regional Transportation said Thursday it named Gary Pruden president and chief executive officer of its USF Glen Moore unit.
May 4, 2007