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, 2007GovernmentBusinessTechnologyLogistics
Hub Group Buys Intermodal Firm
Third-party logistics company and freight broker Hub Group said it will acquire the assets of Interdom Partners, an intermodal marketing company, for $26 million.
June 7, 2007BusinessGovernment
Wholesale Inventories Rise 0.3%
Wholesale inventories rose 0.3% in April, the Commerce Department said Thursday.
June 7, 2007BusinessFuelGovernment
UTi Worldwide’s 1Q Income Dips
Air and ocean freight forwarder UTi Worldwide’s 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, 2007GovernmentBusinessSafety
Roadcheck ’07 Wraps Up Thursday
The Commercial Vehicle Safety Alliance’s annual 72-hour Roadcheck truck-inspection blitz wraps up its three-day run on Thursday.
June 6, 2007GovernmentBusinessSafety
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, 2007GovernmentBusinessSafetyLogistics
Border 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, 2007