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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ISM Services Index Gains
The Institute for Supply Management’s services index rose to 56 in April from 52.4 in March, ISM said Thursday.
May 3, 2007
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Jobless Claims Drop for Week
Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.
May 3, 2007Productivity 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, 2007