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, 2007FuelGovernmentBusiness
Fuel Inventories Rise for Week
Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.
June 6, 2007BusinessSafety
ATA Warns on ‘Hypermiling’
American Trucking Associations is recommending that fleet safety directors warn their drivers and owner-operators of a dangerous practice among automobile drivers of drafting behind tractor-trailers.
June 6, 2007GovernmentBusinessSafety
Roadcheck ’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, 2007GovernmentBusinessSafety
1Q Productivity Climbs Less Than Originally Reported
First-quarter U.S. worker productivity rose 1%, down from an earlier estimate, the Labor Department said Wednesday.
June 6, 2007GovernmentBusinessSafetyLogistics
Border 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, 2007BusinessSafetyGovernment
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, 2007FuelBusinessLogisticsGovernment
Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157
Diesel fuel’s national average retail price fell 1.8 cents to $2.799 a gallon, while gasoline dropped more than a nickel to $3.157, the Department of Energy reported Monday.
June 5, 2007