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Company Withdraws from $1.2 Billion Buyout Plan of EGL
Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.
February 7, 2007
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Truckers Seen Supportive of SoCal Ports’ OffPeak Program
A growing number of truckers report higher earnings since the ports of Long Beach and Los Angeles instituted their OffPeak program July 2005, the program’s sponsors said.
February 7, 2007Fourth-Quarter Productivity Rises 3%
U.S. productivity rose 3% in the fourth quarter, following a 0.1% decline in the third quarter, the Labor Department said Wednesday.
February 7, 2007Some Electronic Onboard Recorder Makers Applaud Mandate
Manufacturers of electronic onboard recorders had differing views of the federal government’s proposal to require recorders for some motor carriers, with some saying the government was treating EOBRs punitively and others hailing the move as an important safety development.
P.A.M. Reports Flat 4Q; Income, Revenue Rise for Year
Truckload carrier P.A.M. Transportation Services said Wednesday it earned $4.3 million or 41 cents a share for the fourth quarter, the same as its previous fourth quarter earnings.
February 7, 2007Bush Proposes Boost in DOT Spending for FY ’08
President Bush’s proposed budget for fiscal year 2008 asks Congress for a 10% increase in transportation spending to $63.7 billion, Bloomberg reported Tuesday.
February 6, 2007Continued Cold Weather Causing Problems on Roads
Continued frigid temperatures across the Plains states, Midwest and East Coast are causing problems and hazards on roadways, and snow was forecast in some regions of the Midwest for Tuesday, news services reported.
February 6, 2007Teamsters Oppose Allied’s Motion to Void Contract
Auto hauler Allied Holdings filed a motion Friday asking that an Atlanta bankruptcy court void the contract between the Teamsters union and Allied and allow the company to implement the wage, benefits and work-rule concessions it has been seeking, the Teamsters said.
February 5, 2007Technology Briefs — Jan. 30 - Feb. 5
Analyst Says More Ethanol Won’t Stem Consumption • Extol to Provide Software to C.R. England • J.B. Hunt Chooses PAR System for Reefer Tracking
February 5, 2007ISM Services Index Rises in January
The economy’s service sector growth improved last month, the Institute for Supply Management said Monday.
February 5, 2007