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April 21, 2000 - Industry News

Earnings Rise at CNF

CNF Inc., Palo Alto, CA, has reported first quarter operating income of $73.4 million, compared with $66.1 million in the same quarter a year ago. Revenue was $1.46 billion, up 17 percent

Tags: Fleets

April 21, 2000 - Industry News

Higher Fuel Costs Hurt M.S. Carriers Results

Higher fuel prices reduced the earnings per share of M.S. Carriers by 13 cents in the first quarter, the company says.

Tags: Fleets

April 21, 2000 - Industry News

Trism Orders 315 New Freightliners

Specialized carrier Trism Inc. has ordered 315 new Freightliner Columbia 2001 model year tractors

Tags: Fleets

April 21, 2000 - Industry News

Oshkosh Second Quarter Income Up 113%

Oshkosh Truck Corp. reported a net income of $13.9 million for its second fiscal quarter, an increase of 113% over $6.5 million for second quarter 1999. Second quarter sales were $331 million, up from $299 million a year ago

Tags: Industry

April 21, 2000 - Industry News

Rush Sales Indicate Soft Truck Market

Rush Enterprises posted first quarter 2000 net income of $1.1 million on gross revenues of $210 million versus $3.3 million on revenues of $177.8 million in first quarter 1999. Results for this year included a $1.5 million loss provision to increase the company's reserve for used truck valuation and repossession losses

Tags: Industry

April 21, 2000 - Industry News

Higher Wages, Price Competition Squeeze Dorsey Profits

Dorsey Trailers posted a first quarter 2000 net profit of $94,000 on sales of $45.1 million. Net income for the same period last year was $512,000 on sales of $44.8 million. John Pugh, CEO, said new trailer

Tags: Industry

April 20, 2000 - Industry News

KLLM Chairman Makes Bid For Company

Jackson, MS-based KLLM Chairman Jack Liles has made an offer to buy the company in a deal reportedly worth more than $33 million

Tags: Fleets

April 20, 2000 - Industry News

Highway Speeds Up In Iowa, But Not Speed Limit

Average highway speeds are on the upswing in Iowa, as the state legislature is expected to adjourn soon without approving an increase in the state's speed limits

Tags: Safety

April 20, 2000 - Industry News

Teamsters Attack Overnite Financial Results

Overnite Transportation emphasized a 6.4% increase in first quarter revenue compared to last year and a turnaround from the previous quarter's losses when it reported its first-quarter financial results yesterday, but the Teamsters union attacked the report as "creative bookkeeping." Overnite reported first quarter operating income of only $500,000, compared to $10.3 million in the first quarter of 1999

Tags: Industry

April 20, 2000 - Industry News

Votes Challenged in Close Union Election at Saia

Sixteen ballots have been challenged in the Teamsters representation election at less-than-truckload carrier SAIA Motor Freight in Grand Prairie, TX, where the union lost by only one vote

Tags: Industry

April 20, 2000 - Industry News

UPS Posts Best Quarter Ever

UPS reported record results for the first quarter, with a 63% jump in net income for the quarter ending March 31

Tags: Fleets

April 20, 2000 - Industry News

Michelin To Open Tire Plant in Virginia

Michelin is opening a tire plant in Independence, VA, which will initially support Volvo Trucks North American in Dublin

Tags: Industry

April 20, 2000 - Industry News

Williams Travel Center Being Built In Fort Worth

Williams Travel Center will build a facility on a 19-acre site in Fort Worth, TX, within the Alliance development along Interstate 35W

Tags: Industry

April 20, 2000 - Industry News

Landstar Launches Landstarmail.com

Landstar System, Jacksonville, FL, has introduced a new e-mail service exclusively for its agents and independent contractors

Tags: Fleets

April 20, 2000 - Industry News

Caterpillar Expects Dip in Truck Engine Demand to be Offset by Higher Market Share

Higher interest rates and diesel fuel prices, coupled with a driver shortage and increased supply of used trucks, will likely impact demand for on-highway truck engines in North America. But Caterpillar says it expects its engine sales to remain near 1999 levels with increased market share in the medium and heavy duty truck segments plus higher demand for other engines

Tags: Industry

April 20, 2000 - Industry News

Detroit Diesel Sales & Profits Down, Margins Up

Preliminary first quarter reports put Detroit Diesel Corp. revenues at $536 million and net income at $10.1 million

Tags: Industry

April 20, 2000 - Industry News

Meritor Sales, Profits Up In Second Quarter

Meritor Automotive reported net income of $57 million for its fiscal 2000 second quarter, an increase of 14% over second quarter 1999

Tags: Industry

April 20, 2000 - Industry News

Core Materials To Supply Molded Products for Mack Trucks

Core Materials Corp. says it has reached a tentative deal with Mack Trucks to manufacture and assemble fiberglass reinforced molded products for current and future Mack Class 8 models

Tags: Industry

April 20, 2000 - Industry News

Rollins Posts Record Second Quarter

Rollins Truck Leasing Corp. posted record net earnings of $14.4 million for its second fiscal quarter ending March 31 -- up 29% from the same period last year and a company record

Tags: Fleets

April 20, 2000 - Industry News

Earnings Plunge at Smithway Motor Xpress

Operating revenue at Smithway Motor Xpress Corp., Fort Dodge, IA, increased 7.3% to $50.7 million in the first quarter from $47.3 million during the same quarter in 1999. Net earnings were $238,000, or $0.05 per diluted share,

Tags: Fleets

April 19, 2000 - Industry News

Canadian Teamsters Join Overnite Strike

Canadian Teamsters began a job action at Overnite Transportation Company's eight terminals in Canada yesterday

Tags: Industry

April 19, 2000 - Industry News

Teamsters File Lawsuit Against Ousted President

The Teamsters union has filed a civil suit against ousted President Ron Carey and nine other individuals and groups. The union alleges racketeering, embezzlement, breach of fiduciary duties and legal malpractice in what it calls "a wide-ranging plot to loot the union treasury in order to bolster the 1996 re-election campaign of disgraced former Teamster General President Ron Carey." If successful, the union stands to recover more than $9 million

Tags: Industry

April 19, 2000 - Industry News

Driver Shortage Hurting Europe Too

U.S. trucking companies aren't the only ones facing a severe shortage of qualified, trained truck drivers. A European trucking association says it's bad on the other side of the Atlantic, as well

April 19, 2000 - Industry News

Peterbilts Recalled For Fuel Line Problem

The National Highway Traffic Safety Administration has announced the recall of nearly 1,000 Peterbilts for a possible engine fire problem

Tags: Industry

April 19, 2000 - Industry News

Used Truck Association Plans First Convention

"Turning Problems Into Profits: Managing Your Way Through An Oversupplied Used Truck Market," is the theme for the Used Truck Association's inaugural annual convention

Tags: Events

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