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, 2007Search
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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, 2007Letters to the Editor: Rollover Stats, SafeStat Scores, Hard Braking
These letters appear in the June 4 print edition of Transport Topics. Click here to subscribe today.
June 6, 2007ATA Warns on 鈥楬ypermiling鈥
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, 2007Navistar Sues Ford in Engine Dispute
Navistar International Corp. said Wednesday it has filed a lawsuit against Ford Motor Co. for breach of contract relating to a diesel engine contract involving Ford鈥檚 F-150 pickup truck and is seeking 鈥渁t least hundreds of millions of dollars鈥 in damages.
June 6, 2007May ISM Services Index Rises
The economy鈥檚 service sector growth rate improved in May to the highest level in a year, the Institute for Supply Management said Tuesday.
June 5, 2007Border 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, 2007Averitt to Use SkyBitz Trailer-Tracking System
Averitt Express will use the global locating system trailer tracking technology made by trucking technology firm SkyBitz.
June 5, 2007Calif. Ports鈥 Plans Moving Forward Slowly
Plans to move freight more easily and producing less pollution from California鈥檚 ports remains a challenge involving a host of local, state and federal agencies, the Pasadena Star News reported.
June 5, 2007Paccar Completes European Acquisition
U.S. truck maker Paccar Inc. said its finance subsidiary completed acquisition of a German truck leasing company.
June 5, 2007