Manuel Moroun
Encyclopedia
Manuel "Matty" Moroun is an American
businessman of Lebanese
descent and the owner of CenTra, Inc., the holding company which controls the Ambassador Bridge
. The former is significant as it is the only private ownership of a border crossing between the United States
and Canada
. He bought the bridge from the Bower Family in 1979. It is now estimated to be worth between 1.5 and 3 billion dollars. CenTra, Inc., is also the controlling body of Central Transport International, an LTL trucking carrier. Moroun also has a controlling stake in Universal Truckload Services Inc., which is in itself a holding company for several over-the-road truck lines (Universal Am-Can Ltd., Mason Dixon Lines, Economy Transport, etc.)
Moroun attended the University of Detroit Jesuit High School, graduating in 1945.
A recent Forbes article listed him as the 321st richest American.
On 25 March 2010, it was announced that Moroun is suing the US and Canadian governments over the Detroit River International Crossing
. He has sought to block construction of the new bridge as it competes with his own proposal for a second span of the Ambassador Bridge, which he would also own. Critics suggest that Moroun's opposition is fuelled by the prospect of lost profits from duty-free gasoline sales, which are exempt from about 60 cents per gallon in taxes even though the pump price to consumers is only a few cents lower.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman of Lebanese
Lebanese people
The Lebanese people are a nation and ethnic group of Levantine people originating in what is today the country of Lebanon, including those who had inhabited Mount Lebanon prior to the creation of the modern Lebanese state....
descent and the owner of CenTra, Inc., the holding company which controls the Ambassador Bridge
Ambassador Bridge
The Ambassador Bridge is a suspension bridge that connects Detroit, Michigan, in the United States, with Windsor, Ontario, in Canada. It is the busiest international border crossing in North America in terms of trade volume: more than 25 percent of all merchandise trade between the United States...
. The former is significant as it is the only private ownership of a border crossing between the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. He bought the bridge from the Bower Family in 1979. It is now estimated to be worth between 1.5 and 3 billion dollars. CenTra, Inc., is also the controlling body of Central Transport International, an LTL trucking carrier. Moroun also has a controlling stake in Universal Truckload Services Inc., which is in itself a holding company for several over-the-road truck lines (Universal Am-Can Ltd., Mason Dixon Lines, Economy Transport, etc.)
Moroun attended the University of Detroit Jesuit High School, graduating in 1945.
A recent Forbes article listed him as the 321st richest American.
On 25 March 2010, it was announced that Moroun is suing the US and Canadian governments over the Detroit River International Crossing
Detroit River International Crossing
The Detroit River International Crossing , alternatively New International Trade Crossing , is a multi-national construction project and committee between Canada and the United States to create a new border crossing over the Detroit River...
. He has sought to block construction of the new bridge as it competes with his own proposal for a second span of the Ambassador Bridge, which he would also own. Critics suggest that Moroun's opposition is fuelled by the prospect of lost profits from duty-free gasoline sales, which are exempt from about 60 cents per gallon in taxes even though the pump price to consumers is only a few cents lower.