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, 2007BusinessFuelGovernment
UTi Worldwide鈥檚 1Q Income Dips
Air and ocean freight forwarder UTi Worldwide鈥檚 fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.
June 7, 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, 2007FuelBusinessLogisticsGovernment
Diesel Dips 1.8垄 to $2.799; Gas Falls 5.2垄 to $3.157
Diesel fuel鈥檚 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, 2007GovernmentBusinessSafetyFuel
CTA Opposes SoCal Port Plan
The California Trucking Association opposes regulations that would allow only newer, lower-emission trucks access to marine terminals, the Fresno Bee newspaper reported.
June 4, 2007FuelBusinessLogisticsGovernment
Diesel Climbs 1.4垄 to $2.817
Diesel fuel鈥檚 national average pump price rose for a second straight week, gaining 1.4 cents to $2.817 a gallon, the Department of Energy said Monday.
May 30, 2007BusinessFuel
Feds Push Coal-Liquid Technologies
Federal officials and the coal industry are making a push for big subsidies to develop technologies to turn coal into liquid fuel, the New York Times reported Tuesday.
May 29, 2007BusinessFuelLogisticsGovernment
Diesel Rises 3垄 to $2.803 a Gallon
Diesel fuel's national average price聽rose 3 cents to $2.803 a gallon last week, while retail gasoline spiked 11.5 cents to an all-time record of $3.218.
May 28, 2007BusinessFuelGovernment
Biofuels May Boost Gas Prices, N.Y. Times Says
Continued record high gasoline prices may become a trend, due in part to an expansion in biofuel development, according to some oil executives, the New York Times reported Thursday.
May 24, 2007