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TNT to Sell Logistics Business to Apollo Management
Dutch firm TNT NV said it will sell its logistics business to American private equity fund Apollo Management, Bloomberg reported Wednesday.
August 23, 2006New Ramp at Northern Virginia Interchange Set to Open Thursday
A new ramp linking the northbound lanes of Interstate 95 with the inner loop of the Capital Beltway is set to open early Thursday morning, the Washington Post reported Wednesday.
August 23, 2006Universal Express Acquires Airport Alliance
Transportation and logistics firm Universal Express said Wednesday it has acquired luggage delivery company Airport Alliance.
August 23, 2006Security & Safety Briefs — August 17 - August 23
Nuclear Attack on Port of Long Beach Could Kill 60,000, Study Says • Canadian Cattle Industry Healthier One Year After U.S. Lifts Ban • Automakers Must Inform Owners of Vehicle Black Boxes • Authorities Seek Suspect in Indiana Highway Shootings • And more...
August 22, 2006Analyst Says Transportation Stocks Could Rebound
An analyst said transportation stocks could be set to rebound, the Associated Press reported Monday.
August 22, 2006Global Truck Leasing Market Generates $17.7 Billion in 2005
The global truck leasing market generated a total of $17.7 billion in revenue in 2005, according to a study published Tuesday by Research and Markets.
August 22, 2006Con-way Freight Driver Named NTDC Grand Champion
Dale Duncan, a Con-way Freight driver based in Chula Vista, Calif., was named Grand Champion of the National Truck Driving Championships, American Trucking Associations said Monday in a statement.
August 22, 2006Port of New Orleans Recovers 94% of pre-Katrina Cargo
The Port of New Orleans has recovered about 94% of its pre-Katrina cargo, the Associated Press reported last Friday.
August 22, 2006Ashland to Sell Highway Construction Business to Oldcastle Materials
Chemical and construction company Ashland Inc. will sell its highway construction business to Oldcastle Materials, the Associated Press reported Monday.
August 22, 2006Oklahoma Eases Permit Regulations for Oversized Trucks
Oklahoma Gov. Brad Henry (D) has temporarily waved permit regulations for oversized trucks transporting supplies and equipment to combat drought in the state, the Journal Record newspaper reported last Wednesday.
August 22, 2006