Apollo Management Group, which has bid to buy transportation firm EGL Inc., has sued EGL and its board to prevent EGL’s sale to a group of investors led by its chief executive officer, Bloomberg reported.
March 28, 2007Government, Business, Safety
Safety & Security Briefs — March 22 - March 28
March 28, 2007
Business, Government, Fuel, Autonomous
Crude Oil Prices Continue to Rise, Topping $64 a Barrel
Crude oil futures rose to more than $64 a barrel in early trading Wednesday on the New York Mercantile Exchange, the seventh straight trading day of increases, Bloomberg reported.
March 28, 2007Business, Government, Safety
Ambassador Bridge Plans to Be Reviewed by Michigan DOT
The owner of the bridge that connects Detroit to Windsor, Ontario, has applied for $1 billion in U.S. bonds to help pay for a new twin span, and the state agency that will help make that decision is a chief competitor in building a new bridge, the Detroit News reported.
March 28, 2007Government, Business, Safety, Autonomous
Security & Safety Briefs
Con-way Exec Named to FMCSA Safety Committee • Ford Recalls Medium-Duty Trucks • Ontario Trucking Sets Plan to Recover Stolen Cargo
March 28, 2007Business
UAW Chief Says Union May Strike at Delphi
United Auto Workers President Ron Gettelfinger said Tuesday the union may strike struggling auto parts maker Delphi Corp. if the company continues with plans to void its labor contracts in court, the Associated Press reported.
March 28, 2007Business, Government
Durable Goods Orders Rise 2.5% in February
Durable goods orders rose 2.5% in February, the Commerce Department said Wednesday.
March 28, 2007Business, Technology, Safety, Equipment, Logistics, Autonomous
Companies Use Tracking Technology for Electronic Cargo Security
Many manufacturers provide trucking companies with products that use Global Positioning System satellites to help manage their logistics more seamlessly, but have now found an additional use for the technology.
March 28, 2007Business, Safety, Government, Technology, Equipment, Autonomous
Perseverance, Timing Key to Mediation of Accident Claims
NEW ORLEANS — While great trials may provide drama and public fascination, mediation of accident claims — a process that avoids that drama — is daily life for trucking companies and other transportation providers. Those involved with the system said mediation takes special skills and techniques.
March 28, 2007Business, Safety, Government
Apollo Sues EGL Over Buyout Bid; Boosts Offer to $41 a Share
Business, Logistics
General Freight Services Names New President
Third-party logistics firm General Freight Services Tuesday named Gregory Sebolt to be its president and chief operating officer.
March 27, 2007