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EGL Says Ceva’s Offer ‘Superior’ to CEO’s

EGL Inc. said Monday that a $43 proposal by Ceva Group to acquire EGL is a “superior proposal” to a proposal led by its chief executive officer.

May 7, 2007

Letter to the Editor: Supplying Urea

This letter appears in the May 7 print edition of Transport Topics. Click here to subscribe today.

May 7, 2007

Diesel Declines 4¢ to $2.811

Diesel fuel fell 4 cents a gallon to $2.811 last week, its second straight decline, while the gasoline average posted its largest gain in just over a year, the Energy Department said.

May 7, 2007

House Panel Imposes New Border Limits

A House panel moved to put new limits on the Bush administration’s plans to open the U.S. border to Mexican trucks, and the panel’s chairman warned DOT not to go forward with its plans.

May 7, 2007

Freightliner Sets New ‘Cascadia’ Truck

CHARLOTTE, N.C. —  Freightliner Trucks last week introduced a new heavy-duty over-the-road truck called “Cascadia” it said improves fuel efficiency by 3%.

May 7, 2007

March Truck Tonnage Rises 1.6%

After dropping for eight straight months, freight volumes rose 1.6% in March, American Trucking Associations said in a preliminary report.

May 7, 2007

Gasoline Jumps to $3.07 a Gallon

Gasoline prices jumped nearly 20 cents in the past two weeks to $3.07 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

May 7, 2007

Paccar Buys German Truck Leasing Co.

Truck maker Paccar Inc. said it has acquired a German truck leasing company. Terms were not released.

May 7, 2007

Air Cargo Shipments Fall 2.1%

Air cargo shipments fell 2.1% in March, the Air Transport Association said Monday.

May 7, 2007

Diesel Dips 1.9¢ to $2.792; Gas Jumps 8.3¢ to $3.054

The average price of retail diesel fuel fell for a third straight week, while gasoline jumped to within 1.2 cents of an all-time record, the Department of Energy said Monday.

May 8, 2007