Supermarket chain owner Royal Ahold will sell its U.S. Foodservice unit to two private-equity firms for $7.1 billion, the Washington Post reported Thursday.
May 3, 2007Search
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Productivity Rises in First Quarter
First-quarter U.S. worker productivity rose 1.7%, the Labor Department said Thursday.
May 3, 2007House Sets Some Restrictions on Mexican-Trucks Plan
Mexican trucking companies would be barred from handling U.S. domestic shipments, under a bill approved by the House Transportation Committee, Bloomberg reported.
May 3, 2007TNT’s Profit More Than Doubles
Dutch postal company TNT NV said Thursday its first-quarter profit more than doubled from a year ago to $582 million, the Associated Press reported.
May 3, 2007Ceva Makes Offer for EGL
EGL Inc. said Thursday it has received an offer from Ceva Group to acquire stock of the Houston-based freight forwarder for $43 a share.
May 3, 2007Total Settles Exel Suit for $10 Million
Exel Transportation Services said it had settled its suit again Total Transportation Services, with Total paying Exel $10 million after Exel alleged unlawful access to trade secrets and other confidential and proprietary information.
May 2, 2007Factory Orders Jump 3.1%
Factory orders jumped 3.1% in March, the biggest gain in a year, the Commerce Department said Wednesday.
May 2, 2007Target Logistics’ Income Dips
Freight forwarder Target Logistics said Wednesday its fiscal third-quarter profit fell to $340,000 or 2 cents a share, from $610,000 or 3 cents a year ago.
May 2, 2007Letters to the Editor: SafeStat, Corrosion Issues
These letters appear in the April 30 print edition of Transport Topics. Click here to subscribe today.
SafeStat Rebuked
May 2, 2007TIA Says Customs to Expedite Request for Logistics Firms to Join C-TPAT
By Dan Leone, Staff Reporter
May 2, 2007