EGL Inc. said late Tuesday that its shareholders approved the company’s proposed $2 billion buyout by Ceva Group, and the deal is expected to close on Thursday.
August 1, 2007Government, Business, Safety
Minn. Highway Bridge Collapse Kills At Least Four, Injures Dozens
An interstate highway bridge jammed with rush-hour traffic collapsed into the Mississippi River in Minneapolis late Wednesday, thowing dozens of vehicles into the water and killing at least four people, the Associated Press reported.
August 2, 2007Business, Safety, Government
Xata’s 3Q Loss Widens; Revenue Rises 7.2%
Transportation software firm Xata Corp. said Thursday it lost $875,000 or 21 cents a share in its fiscal third quarter, compared with a loss of $559 million or 9 cents a year ago.
August 2, 2007Business, Safety, Government
Patriot Transportation’s 3Q Income Rises
Patriot Transportation Holding’s fiscal third-quarter net income jumped to $2.4 million or 77 cents a share, from $1.8 million or 59 cents a year earlier.
August 2, 2007Business
Jobless Claims Dip 4,000 for Week
Initial jobless claims rose 4,000 to 307,000 last week, the Labor Department said Thursday.
August 2, 2007Business
Oshkosh Reports Higher 3Q Earnings
Specialty truck maker Oshkosh Truck Corp.’s fiscal third-quarter improved and the company raised its earnings outlook for the year.
August 1, 2007Business, Logistics
EGL Shareholders Approve Buyout
Business
Holmes Named President of UPS Freight
UPS Inc. said Wednesday that Jack Holmes, who has headed the operations of UPS Freight for the past year, has been promoted to president of the less-than-truckload unit.
August 1, 2007Business, Government, Fuel
Oil Closes at Record $78.21 a Barrel
Crude oil futures closed at a record $78.21 a barrel Tuesday, breaking the previous closing-price record of $77.03 set last summer, the Associated Press reported.
August 1, 2007Business, Safety, Government
ISM Factory Index Slips in July
The Institute for Supply Management’s manufacturing index fell in July, ISM said Wednesday.
August 1, 2007Business, Technology, Equipment, Safety
Company Wins FMCSA Contract to Help Truckers Find Parking
Foster-Miller Inc. said Tuesday it was awarded a $396,000 contract from the Federal Motor Carrier Safety Administration to develop an automated system to help long-haul truckers find available parking.
August 1, 2007