EGL Inc. said Thursday it had accepted a $2 billion bid to be acquired by the Ceva Group, which is owned by private-equity firm Apollo Management.
May 25, 2007Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Ceva Boosts EGL Offer to $2 Billion
Ceva Logistics said Monday it has made a new offer to buy EGL Inc., raising its per-share offer to $47.50 a share, or about $2 billion total.
May 21, 2007Fleets Offer Expanded Storage Options
With demand for freight-hauling services relatively slack, some trucking companies are branching out beyond logistics to offer more warehousing services.
May 21, 2007Diesel Price Rises 3¢ to $2.803; Gas Jumps to Another Record
Diesel fuel’s national average price climbed 3 cents to $2.803 a gallon and gasoline continued to soar, setting an all-time record for the second straight week with an 11.5-cent spike to $3.218, the Department of Energy said Monday.
May 22, 2007Penske, ABX Form Brazil Venture
Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.
May 18, 2007CP Workers Begin Strike
About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada’s Globe and Mail reported.
May 17, 2007US 1 Industries’ Income Dips
Logistics firm US 1 Industries’ first-quarter income fell to $370,000 or 3 cents a share, from $695,000 or 6 cents a year ago.
May 16, 2007Diesel Drops Another 1.9¢; Gas Soars to Record $3.103
Diesel’s national average pump price dipped 1.9 cents to $2.773 a gallon, while gasoline jumped 4.9 cents to an all-time record $3.103, the Department of Energy said Monday.
May 15, 2007Clarke Sets 2-for-1 Stock Split
Canadian holding company Clarke Inc. said Thursday its first-quarter earnings improved, and the company’s board approved a 2-for-1 stock split.
May 10, 2007U.K. Hedge Fund Seeks Rail Returns
A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.
May 10, 2007