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, 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, 2007Business, Fuel, Logistics, Government
Diesel Average Price Falls 0.5 Cent to $2.676 a Gallon
The average national price of retail diesel fuel fell for a second straight week, dipping 0.5 cent to $2.676 a gallon, the Department of Energy reported Monday.
March 27, 2007Business, Safety, Government, Autonomous
Truck Tonnage Index Declines 1.7% from Feb. ’06
American Trucking Associations’ advanced seasonally adjusted truck tonnage index for February fell 1.7% from the same month a year ago, marking the eighth straight year-to-year decline, ATA said late Monday.
March 27, 2007Business, Autonomous
Paccar to Trim Production at Several Plants in April
Paccar Inc. said it will shut down truck production for several days in April at two Kenworth Truck Co. plants and two Peterbilt Motor Co. factories, cut its build rate for heavy trucks and lay off an unspecified number of workers.
March 27, 2007