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EGL to Be Sold to CEO, Investor Groups for $1.7 Billion
Transportation firm EGL Inc. said Monday it has signed a definitive merger agreement under which EGL Chairman and Chief Executive Officer James Crane and two investment firms will buy the firm for $38 per share, or about $1.7 billion.
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Trucking, Safety Officers’ Group Join Forces Against Coalition Over Criticism of FMCSA
WASHINGTON — Trucking and law enforcement groups said a recent report claiming the Federal Motor Carrier Safety Administration has failed to ensure trucking safety was unproductive and poorly research
March 19, 2007FedEx’s LTL Units Set 5.59% Rate Increase
FedEx Corp.’s less-than-truckload units said late Friday they will implement 5.59% general rate increase, effective April 2.
March 19, 2007The Waggoners Settles Suit Involving Software Usage
The Waggoners Trucking, a vehicle hauler based in Billings, Mont., said it paid $300,000 to a group that protects software copyrights to settle claims it used unlicensed copies of several popular appl
March 19, 2007Dedicated Transport Buys Florida Carrier
Dedicated Transport, a private trucking company based in Cleveland, said it bought Baker’s Transport Service of Lakeland, Fla. Terms were not released.
March 16, 2007Industrial Production Jumps 1% in February
U.S. industrial production rose a full 1% in February, the most since November 2005, the Federal Reserve said Thursday.
March 16, 2007March Consumer Sentiment Index Declines
U.S. consumer confidence fell this month following fuel price increases and a hitch in the stock market, according to the University of Michigan’s monthly consumer sentiment index released Friday.
March 16, 2007Wabash Reports Dip in 1Q Trailer Production
Trailer maker Wabash National Corp. said Friday its first-quarter sales will drop by about 1,000 units from the previous first quarter to about 10,800 trailers.
March 16, 2007February Consumer Price Index Rises 0.4%
Consumer prices rose 0.4% in February, the Labor Department said Friday.
March 16, 2007Editorial: A Fuel-Price Gusher
A funny thing happened just as some fleets were discussing reducing their fuel surcharges: Prices went flying again. Since Jan. 26, after five straight weekly increases, the average retail price of diesel is $2.626 a gallon, and climbing.