EAGLE REVEALS SHARE REPURCHASE PROGRAM
EGL Inc., which operates as Eagle Global Logistics, said its board of directors has approved a stock repurchase program for up to $15 million of the company’s common stock.
The company, which provides transportation and supply chain management services, reported net income of $938,000 for the second quarter, up $24.l million from the second quarter of 2001.
“Our strong balance sheet is affording us the opportunity to repurchase some of our shares,” said Jim Crane, chief executive officer of EGL, based in Houston.