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Oct 5, 2007

BUSINESS * Pakistan - First Pakistani truck in 42 years crosses into India at Wagah

* Drivers will not need visa, international driver’s licence to cross border
Lahore,Pakistan -The Daily Times, by Hasan Ali -4 Oct 2007: -- Cross-border trade between India and Pakistan has resumed after 42 years. Three Pakistani trucks, carrying sweet melons and dry fruit from Afghanistan, entered India and 15 Indian trucks carrying tomatoes entered Pakistan through Wagah border on Wednesday... Cross-border trade between the two countries began after authorities concerned signed an agreement last month. Each Pakistani truck carried 500 crates of sweet melons and dry fruit...

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Jun 6, 2007

TRUCKING INDUSTRY NEWS * USA - Celadon delivers another acquisition

Company's deal for long-haul truck unit of Air Road Express will add industrial freight clients
Indianapolis,IN,USA -The IndyStar.com, by Ted Evanoff -June 6, 2007: -- Indianapolis truck line Celadon Group on Tuesday made its sixth acquisition since 2002, buying the long-haul trucking unit of Air Road Express... Air Road, founded in 1989 in Indianapolis, will remain in business carrying smaller pieces of freight on shorter routes for multiple clients... In five years, Celadon has spent about $100 million buying rivals, a strategy intended to fill its trucks with more freight and retain drivers during the nation's driver shortage, said Steve Russell, Celadon chief executive...

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May 21, 2007

Businesses * USA - Hot prospects for buyers

Financiers with money to spend are turning more frequently to the mini-mart or small trucking company as a good investment

Chicago,Ill,USA -The Chicago Tribune -May 21, 2007: -- Among the most avid buyers are private-equity funds flush with cash... "There's no question that small businesses are becoming more frequent takeover targets," said Joe Astrachan, director of the Cox Family Enterprise Center at Kennesaw (Ga.) State University and editor of the Family Business Review... Proof that the buying spree has heated up is partly in the growing ranks of business owners and executives seeking out advisers for a review of their personal finances, according to M. Holly Isdale, managing director and head of wealth advisory services at Lehman Brothers Inc... Prime targets are well-oiled businesses with an annual profit of at least $150,000. Manufacturing, trucking and garbage-collecting concerns are popular targets...

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