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EGL Receives $40 Per-Share Offer From Apollo Management
Just a day after it said it would be sold for $38 a share to a group headed by its chief executive officer, transportation firm EGL Inc. said it had received a competing offer for $40 a share from another investment group.
March 21, 2007
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Diesel Falls 0.4 Cent to $2.681; Decline Is First in Seven Weeks
Following six straight weekly increases, the average national price of retail diesel fuel dipped 0.4 cent to $2.681 a gallon, the Department of Energy reported Monday.
Volvo’s January-February Truck Sales Drop 13%
Truck maker Volvo AB said its sales for the first two months of the year fell 13%, as U.S. deliveries plunged following new emissions standards that boosted truck prices, Bloomberg reported Tuesday.
March 20, 2007Navistar Reports Strength in Overseas Markets
Truck and engine maker Navistar International Corp. said Tuesday it saw signs of strength in non-traditional and overseas vehicle markets, despite a 6% downturn in Class 6-8 North American truck and bus shipments in its fiscal first quarter.
March 20, 2007Housing Starts Climb 9% in February
New housing starts jumped 9% in February, following a slump in January, the Commerce Department reported Tuesday.
March 20, 2007US 1 Reports Improved Fourth-Quarter Profit
US 1 Industries’ fourth-quarter income was $1.4 million or 11 cents a share, compared with $600,000 or 5 cents a year earlier.
March 20, 2007Eaton Names President of Heavy-Duty Transmission Unit
Truck and auto parts maker Eaton Corp. said Tuesday it named Curt Hutchins president and vice president of its heavy-duty transmission unit, effective April 1.
March 20, 2007Canadian Carriers’ Revenue, Expenses Rise in 4Q
The top 91 Canada-based for-hire motor carriers that earn at least C$25 million annually generated operating revenue of C$2.4 billion and expenses of C$2.3 billion in the fourth quarter, with both figures rising less than 1% from the previous quarter, Statistics Canada reported.
March 20, 2007ODFL Boosting Rate by 5.1%; Sets New U.S.-China Service
Less-than-truckload carrier Old Dominion Freight Line said it would raise its base rates by about 5.1%, effective next Monday.
March 19, 2007GE, Blackstone Group Buy PHH Corp. for $1.8 Billion
GE Capital Solutions and the Blackstone Group said Friday they would acquire PHH Corp. for $31.50 per share, or about $1.8 billion.
March 19, 2007