UTi Worldwide’s 1Q Income Dips
Air and ocean freight forwarder UTi Worldwide’s fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.
June 7, 2007Navistar Sues Ford in Engine Dispute
Navistar International Corp. said Wednesday it has filed a lawsuit against Ford Motor Co. for breach of contract relating to a diesel engine contract involving Ford’s F-150 pickup truck and is seeking “at least hundreds of millions of dollars” in damages.
June 6, 2007Ceva Secures EGL Financing
The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.
June 6, 2007Fuel Inventories Rise for Week
Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.
June 6, 2007ATA Warns on ‘Hypermiling’
American Trucking Associations is recommending that fleet safety directors warn their drivers and owner-operators of a dangerous practice among automobile drivers of drafting behind tractor-trailers.
June 6, 2007FMCSA’s Hill Rejects Criticism of Mexican-Trucks Plan
Roadcheck ’07 Wraps Up Thursday
The Commercial Vehicle Safety Alliance’s annual 72-hour Roadcheck truck-inspection blitz wraps up its three-day run on Thursday.
June 6, 20071Q Productivity Climbs Less Than Originally Reported
First-quarter U.S. worker productivity rose 1%, down from an earlier estimate, the Labor Department said Wednesday.
June 6, 2007Letters to the Editor: Rollover Stats, SafeStat Scores, Hard Braking
Border Measures Boosting Costs
Security measures at the Canada-U.S. border introduced since 9/11 have not slowed the flow of goods into the United States but have added to costs for Canadian companies, according to new report, the Ottawa Citizen newspaper reported.
June 5, 2007