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, 2007Business, Fuel, Government, Logistics
Ceva Secures EGL Financing
Government, Business, Safety, Logistics
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, 2007Fuel, Business, Logistics, Government
Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157
Diesel fuel’s 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, 2007Business, Logistics, Government
U.S. Truck Freight Falls
U.S. truck tonnage in the United States declined again in April — the ninth downturn in the past 10 months — showing the effects of a national economy in flux.
June 4, 2007Business, Logistics
Ceva’s First-Quarter Loss Widens
Ceva Group Plc said it lost 14.9 million euros (about $20 million) in the first quarter, compared with a loss of 7.7 million euros ($10.4 million) a year earlier.
May 31, 2007Business, Logistics, Government
Chicago Factory Index Rises in May
Manufacturing activity in the Chicago region accelerated in May, the National Association of Purchasing Management said Thursday.
May 31, 2007Fuel, Business, Logistics, Government
Diesel Climbs 1.4¢ to $2.817
Diesel fuel’s 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, 2007Business, Government, Safety, Logistics, Autonomous
STB Asked to Delay New Limits On Freight Rate-Setting Bureaus
The National Motor Freight Traffic Association has asked the Surface Transportation Board to delay a decision to end antitrust immunity for trucking rate bureaus.
May 28, 2007Business, Fuel, Logistics, Government
Diesel Rises 3¢ to $2.803 a Gallon
Diesel fuel's national average price 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, 2007Business, Logistics
Existing 91ÊÓƵs Sales Fall to Lowest Level in Nearly Four Years
Existing home sales fell 2.6% in April, tumbling to their lowest level in nearly four years, the National Association of Realtors said Friday.
May 25, 2007