Fleet Management

News

Union Pacific Back In Black

Railroad giant Union Pacific Corp. was back in the black in the fourth quarter, despite a poor performance from its trucking subsidiary Overnite Transportation.

News

Truck Use Falls, Trailer Use Up In Fourth Quarter

Seasonal slowdowns and weakness in some sectors drove overall Class 6-8 vehicle utilization down some in fourth quarter 1999, but trailer utilization rose sharply, according to the latest survey by MacKay & Co.

News

Interest Rates Rise, But Is It Enough?

Friday's report on the January labor market suggests that economic growth is accelerating rather than declining, as was widely expected. 387,000 new jobs were added last month. Even after subtracting the 116,000 new construction jobs due

News

Allied Earnings Up

Allied Holdings expects earnings for the fourth quarter ending Dec. 31, 1999 to be 65 cents to 70 cents per share.

News

Burlington Grows 30% In Three Years

Burlington Motor Carriers, Daleville, IN, has celebrated the third anniversary of its acquisition by an investment group led by Thomas F. Grojean in 1996. Since then, the company has grown over 30 percent to nearly $300 million by adding capacity to its own fleet and making three acquisitions - PALS Express, Calumet City, IN; Jolliff Transportation, Peoria, IL; and Southwestern Freight Carriers, Rutherfordton, NC.

News

Yellow Expands In Ohio

Yellow Freight System is set to open a second location in Richfield, OH, adding 120 jobs.

News

FedEx Renames Trucking Subsidiaries

FedEx Corp., formerly known as FDX, yesterday unveiled new names for its trucking subsidiaries that take advantage of the strength of the FedEx name

News

Marten Shares Jump On Earnings Report

Shares of Marten Transport, Mondovi, WI, jumped 19% after the company announced that its fourth quarter earnings would far outstrip analysts' predictions

News

USFreightways Has A Strong Fourth Quarter

LTL fleet USFreightways reported record net income for the thirteen weeks ended December 31, 1999 of $30,738,000, a 52% increase over the $20,168,000 reported for the 13-week period ended December 31, 1998. Revenue for the quarter

News

USFreightways Picks Up Transport Corp. of America

USFreightways Corp. is buying Transport Corporation of America in a stock transaction worth just over $60 million.

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