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May 21, 2008

TRUCKING INDUSTRY NEWS * USA

* Carlyle acquires stake in ITS Technologies & Logistics

Washington,DC,USA -American Shipper -21 May 2008: -- The Carlyle Group has acquired a majority interest in ITS Technologies & Logistics LLC, an intermodal facilities operator, from Lanigan Holdings LLC... ITS is one of the largest operators of intermodal facilities in North America, where it transfers containers between trucks and rail cars and performs rail switching, terminal administration and equipment maintenance... ITS operates in 52 U.S. locations and three locations in Mexico. It employs more than 1,600 people and performs about 5 million lifts annually...

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