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TRUCKING INDUSTRY NEWS
* USA - DHL Sets New N.Y./Europe ServiceNew York,NY,USA -Transport Topics -25 June 2007: -- DHL Express said Monday it has started a new service from New York City to several major European destinations, including guaranteed arrivals by noon in Paris and Zurich, Switzerland... DHL said it is offering the deliveries by the end of the next business day for the Monday through Thursday service to Amsterdam, Brussels, Dublin, Frankfurt, Geneva, London and Madrid...
* USA - U.S. Xpress Execs Offer to Buy Firm
USA -Transport Topics -25 June 2007: -- Truckload carrier U.S. Xpress Enterprises’ Co-Chairmen Patrick Quinn and Max Fuller said they will offer $20 a share to buy the company... The two said late Friday they will make the offer through their corporation, Mountain Lake Acquisition Co... U.S. Xpress’ shares closed at $14.20 a share Friday on the Nasdaq Stock Market...
* USA - Menlo expands Asian reach
USA -Fleet Owner -25 June 2007: -- Logistics provider Menlo Worldwide is buying out Singapore-based Cougar Holdings Pte Ltd., and its primary subsidiary, Cougar Express Logistics, for $33.9 million – including a $28.2 million cash payment to Cougar and the assumption of $5.7 million in debt – so it can expand its freight operations into Southeast Asia...
Labels: trucking industry USA
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