The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.
June 6, 2007Search
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May ISM Services Index Rises
The economy’s service sector growth rate improved in May to the highest level in a year, the Institute for Supply Management said Tuesday.
June 5, 2007Celadon Buys Air Road Express
Truckload carrier Celadon Group said Tuesday it has purchased the truckload business of Indianapolis-based carrier Air Road Express.
June 5, 2007Border Measures Boosting Costs
Security measures at the Canada-U.S. border introduced since 9/11 have not slowed the flow of goods into the United States but have added to costs for Canadian companies, according to new report, the Ottawa Citizen newspaper reported.
June 5, 2007Averitt to Use SkyBitz Trailer-Tracking System
Averitt Express will use the global locating system trailer tracking technology made by trucking technology firm SkyBitz.
June 5, 2007Calif. Ports’ Plans Moving Forward Slowly
Plans to move freight more easily and producing less pollution from California’s ports remains a challenge involving a host of local, state and federal agencies, the Pasadena Star News reported.
June 5, 2007Paccar Completes European Acquisition
U.S. truck maker Paccar Inc. said its finance subsidiary completed acquisition of a German truck leasing company.
June 5, 2007California Company Loses Hazmat License
The California Highway Patrol said it revoked the hazardous materials transportation license of Sabek Transportation, the company that owned the tanker truck involved in a collision that destroyed
June 4, 2007FMCSA’s Hill Rejects Criticism of Mexican-Trucks Plan
By Sean McNally, Senior Reporter
June 6, 2007Roadcheck ’07 Wraps Up Thursday
The Commercial Vehicle Safety Alliance’s annual 72-hour Roadcheck truck-inspection blitz wraps up its three-day run on Thursday.
June 6, 2007