4041  -  4060  of  4350

May 15, 2000

Penske Buys Marano Truck Leasing

Penske Truck Leasing has purchased the assets of Marano Truck Leasing, a truck rental and leasing company located in north Philadelphia

May 11, 2000

Werner: Double Digit Growth May be Over

Werner Enterprises may be about to end its eight-year run of double-digit income growth. Although the company’s first quarter 2000 revenue was up 21% from first quarter 1999, Chairman and CEO Clarence Werner reportedly told stockholders that, under current conditions, he doesn’t expect revenue for the year to be up more than 8% to 10%. This would be the first time since 1991 that the carrier’s growth was less than 10%

May 10, 2000

Marten Opens New Georgia Terminal

Marten Transport, Ltd., Mondovi, Wl, has opened a new terminal in Forest Park, GA, that will replace the existing Jonesboro, GA, terminal

May 10, 2000

Marten Transport Buys Volvos

Marten Transport has begun adding Volvo tractors to its fleet. The Mondovi, WI based refrigerated carrier has initially purchased 20 Volvo 660 tractors from Central Truck of Madison, WI. Marten's management and drivers say

May 9, 2000

Bidding Continues For KLLM

The battle over ownership of KLLM Transport Services continues as a special committee reviews the latest takeover offers. Details are confidential but the panel, including a KLLM board member and three from outside the company, is looking at revised offers from New Prime Inc. owner Robert Low and from KLLM chairman, president and CEO Jack Lilies III and his partner, WorldCom chief Bernie Ebbers

May 8, 2000

CF To Acquire Air Freight Forwarder

Consolidated Freightways has signed a letter of intent to purchase FirstAir, Inc., an airfreight forwarder based in St. Paul, MN

May 4, 2000

FedEx Forms E-Commerce Division

FedEx Supply Chain Services, a third-party provider of integrated supply chain solutions, has created a new division named FedEx eLogistics to focus on providing businesses end-to-end electronic commerce logistics solutions

May 4, 2000

Arnold Industries Has a Good Quarter

First quarter operating revenues rose 14% and net income increased 10% compared to the first quarter of 1999 for Arnold Industries, Lebanon, PA

May 4, 2000

Boyd Bros. Hit By Higher Fuel Costs

First quarter results for Boyd Bros. Transportation, Clayton, AL, were hit by significant increases in fuel costs

May 2, 2000

Kenan Experiences Steady Growth

Kenan Transport Co., Chapel Hill, NC, reported solid results for the first quarter of 2000. Revenue was $38.3 million compared to $34 million for the first quarter of 1999. Net income was $944,000 compared to

May 2, 2000

Low Extends KLLM Tender Offer, Drops Efforts to Replace Board

Low Acquisition, a company owned by New Prime President Robert Low, has extended its tender offer for outstanding shares of KLLM Transport Services common stock to May 30, 2000. The offer was to have expired on May 9

May 2, 2000

Restructuring Hurts FFE Balance Sheet

Dallas-based Frozen Food Express Industries, in the middle of a restructuring, reported a $563,000 loss for the first quarter.

May 2, 2000

Nasdaq Moves to Delist Asche Transportation

The Nasdaq Stock Market has commenced proceedings to delist the shares of Asche Transportation Services, Shannon, IL from the Nasdaq National Market as a result of the company's failure to file its Form 10-K for the

May 2, 2000

Con-Way Enhances Web Site

Con-Way Transportation Services, Ann Arbor, MI, has added three new service features to its website, www.con-way.com. The features include an on-line function that allows electronic communication of a bill-of-lading and pickup notice, a Canadian currency translation

April 28, 2000

Losses Deepen at KLLM

KLLM Transport Services, Inc., Jackson, MS lost $1.0 million in the first quarter, compared with a net loss of $225,000 a year ago. Operating revenue was $57.6 million compared with $55.3 million for the first quarter of

April 28, 2000

OTR Express Reports Loss, Shifts to Owner-Operators

OTR Express, Olathe, KS, had a net loss of $814,000 in the first quarter, compared to net income of $144,000 in 1999. The company is in the process of restructuring and hopes to increase the number of owner-operators

April 28, 2000

Landair Revenue Up, But Reports Loss

Landair Corp. said first quarter operating revenue increased to $33.1 million compared with $31.9 million for the same quarter in 1999, but it had a net loss of $139,000. The company had net income of $421,000

April 28, 2000

Car Hauler Allied Loses $1 Million in First Quarter

Car-hauling giant Allied Holdings Inc., Decatur, GA, had a net loss of $1 million in the first quarter. The company said higher fuel costs, net of the surcharges, reduced earnings in by approximately $1.6 million, or

April 28, 2000

CF Dips Into Red After First Quarter Charges

Consolidated Freightways Corp., Menlo Park, CA, had a net loss of $3.0 million in the first quarter after non-recurring charges. It had net income of $1.1 million before the charges. Net income for the same period

April 26, 2000

USA Truck Takes First Quarter Hit

USA Truck, Inc., Van Buren, AR, suffered a first quarter loss it says was due largely to high fuel prices. The truckload fleet had record operating revenues of $55.1 million, up 52.3% from $36.2 million for


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