Government
Business, Fuel, Government

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.

Transport Topics
June 7, 2007
Business, Fuel, Government, Logistics

Ceva Secures EGL Financing

EGL Inc.

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.

Transport Topics
June 6, 2007
Fuel, Government, Business

Fuel Inventories Rise for Week

Larry Smith/Trans Pixs

Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.

Transport Topics
June 6, 2007
Business, Government

FMCSA’s Hill Rejects Criticism of Mexican-Trucks Plan

By Sean McNally, Senior Reporter

This story appears in the June 4 print edition of Transport Topics. Click here to subscribe today.

June 6, 2007
Government, Business, Safety

Roadcheck ’07 Wraps Up Thursday

Larry Smith/Trans Pixs

The Commercial Vehicle Safety Alliance’s annual 72-hour Roadcheck truck-inspection blitz wraps up its three-day run on Thursday.

Transport Topics
June 6, 2007
Government, Business, Safety

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.

Transport Topics
June 6, 2007
Business, Safety, Government, Equipment

Letters 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.

Rollover Stats

June 6, 2007
Government, Business, Safety, Logistics

Border Measures Boosting Costs

Larry Smith/Trans Pixs

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.

Transport Topics
June 5, 2007
Business, Safety, Government

May ISM Services Index Rises

The economy’s service sector growth rate improved in May to the highest level in a year, the Institute for Supply Management said Tuesday.

Transport Topics
June 5, 2007
Fuel, Business, Logistics, Government

Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157

Bruce Harmon/Trans Pixs

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.

Transport Topics
June 5, 2007

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