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BUSINESS
January 21, 1992 | Associated Press
Emery Worldwide announced Monday that it will eliminate its transatlantic cargo flight and European hub and instead share facilities with DHL Worldwide Express. Spokesman Gary Frantz said 20 employees at the company's European terminal in the Dutch city of Maastricht will be laid off, and seven will be transferred to DHL's European hub in Brussels. Emery said it will discontinue its weekday flight from New York to Maastricht and share space on a DHL flight from New York to Brussels.
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BUSINESS
April 1, 1987
Emery Air Freight said it will make the $304-million tender offer for Purolator today, topping by $36 million a proposed leveraged buyout that would have taken the company private. Emery said it would offer $40 a share for 83% of Purolator's stock and later would offer $40 a share of junior subordinated debentures for each remaining share. On March 1, Purolator agreed to be purchased for $35 a share in a leveraged buyout led by eight Purolator executives.
SPORTS
August 1, 1988
A motion has been filed in federal court to have the case involving Kentucky assistant basketball coach Dwane Casey's $6.9 million lawsuit against Emery Air Freight Corp. moved to Los Angeles, lawyers for the defendants said. Attorneys representing Emery have also filed a motion in U.S. District Court in Lexington seeking additional time to prepare a defense.
BUSINESS
February 14, 1989 | DENISE GELLENE, Times Staff Writer
Consolidated Freightways agreed Monday to buy its troubled rival, Emery Air Freight, for $230 million in a deal that signals further consolidation in the intensely competitive air cargo business. Analysts said the merger, which must be approved by federal regulators and the shareholders of both firms, would give Consolidated Freightways an extensive international network of air routes, an impressive customer list and Emery's giant cargo hub in Dayton, Ohio.
NEWS
February 20, 1991 | From Times Staff and Wire Reports
Postal Service workers dried jet fuel and foam from some of the 14,509 pounds of mail inside a cargo jet that had crashed on takeoff two days earlier at Cleveland Hopkins International Airport, killing its two pilots. About 6,500 pounds of mail removed from the wreckage was sent on its way, a postal inspector said. About 300 pounds was damaged and was being handled by the post office's claims department, he said. About 80% of the rest of the mail was soaked with fuel, he said.
BUSINESS
February 14, 1989 | JAMES FLANIGAN, Times Staff Writer
In the old days, in a slower, and perhaps a gentler time, kids used to learn about the world from stamp collections. Nowadays they could get a better education studying international business, where there was action on Monday in global air freight.
BUSINESS
February 14, 1989 | DENISE GELLENE, Times Staff Writer
Consolidated Freightways agreed Monday to buy its troubled rival, Emery Air Freight, for $230 million in a deal that signals further consolidation in the intensely competitive air cargo business. Analysts said the merger, which must be approved by federal regulators and the shareholders of both firms, would give Consolidated Freightways an extensive international network of air routes, an impressive customer list and Emery's giant cargo hub in Dayton, Ohio.
SPORTS
July 26, 1988
The University of Kentucky basketball program is under investigation by the National Collegiate Athletic Assn. for allegedly sending $1,000 to the father of Fairfax High School's Chris Mills, whom the Wildcats signed to a letter of intent. The investigation was announced in a letter from David Berst, the NCAA's director of enforcement, who also wrote that "approximately 10 additional allegations" will be submitted to the school within the next 30 days.
SPORTS
June 9, 1988
Seven employees in Emery Worldwide Air Freight's Los Angeles office stood by their stories in depositions regarding a package, allegedly containing $1,000, that was sent to the father of Chris Mills, University of Kentucky basketball recruit. "There was no recanting," Burl McCoy, a Lexington, Ky., attorney representing Emery, said in an interview with the Lexington Herald-Leader.
SPORTS
October 27, 1988 | From Times Wire Services
The father of basketball recruit Chris Mills, named in a key charge against the University of Kentucky by the National Collegiate Athletic Assn., initially said he wanted to return a package from a Wildcat assistant, which allegedly contained $1,000 in cash, court documents indicate. The NCAA has charged that assistant basketball coach Dwane Casey sent Claud Mills $1,000 in cash as an inducement in the recruiting of Chris Mills of Fairfax High, now a Kentucky freshman.
SPORTS
August 1, 1988
A motion has been filed in federal court to have the case involving Kentucky assistant basketball coach Dwane Casey's $6.9 million lawsuit against Emery Air Freight Corp. moved to Los Angeles, lawyers for the defendants said. Attorneys representing Emery have also filed a motion in U.S. District Court in Lexington seeking additional time to prepare a defense.
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