January 31, 2000 - Industry News
Despite a recent slowdown industry heavy truck orders, Navistar International Corp. stands by it's 405,000 medium and heavy duty forecast made late last year. It also hasn't changed its target 29.9% return on equity for fiscal
Transportation Technologies Industries has agreed to a management buyout led by chairman/CEO Thomas Begel and president/COO Andrew Weller.
French truck drivers yesterday set up roadblocks in the first of several planned this week in protest of a deal the government made with trucking companies last month over a shorter work week
Allegations of a company "hit list" against union supporters, widely publicized by the Teamsters Union as the spark for picketing against Overnite Transportation, have been dismissed by the National Labor Relations Board
The use of exhaust or compression brakes such as Jake Brakes could be limited under legislation being considered in several states
Small wonder that the Department of Transportation is having a hard time finding the right person for the top job at the Federal Motor Carrier Safety Administration. Here’s how the classified ad might read:
HELP WANTED: Brand-new
Memphis-based M.S. Carriers will provide the test site for a strategic alliance with the Puerto Rican government to provide truck drivers for the U. S.
Honeywell's Thermal Systems business has agreed to purchase the assets of Corona, CA, based Hayden Industrial Products LLC. Terms of the deal were not disclosed.
Debt burdened Nissan Diesel Motor Co. is about to get some relief from its creditor banks, according to Reuters news service. A spokesman for Industrial Bank of Japan, one of Nissan Diesel's main creditors, told the Japanese press that announcement of a deal could come as early as this week.
Associates First Capital Corp. reported record earnings for fourth quarter 1999 and the full year.
German truck maker MAN has purchased Western Star's British truck subsidiary ERF. MAN will pay 65 million pounds (approximately $108 million US) and assume ERF debts of 23 million pounds ($38 million US).
January 30, 2000 - Industry News
"Crisis Planing" was the title of the assignment that Dawn Capalbo had just finished as part of her curriculum at Monmouth University. After 15 years as co-owner of I.F.S. Air Freight, she was well aware of
Independent truckers who haul containers in and out of six eastern ports will rally today to protest skyrocketing diesel prices and demand that their industry adopt a Port Trucker Bill of Rights
January 29, 2000 - Industry News
M.S. Carriers, Memphis, TN, reported an increase in revenue and income in the fourth quarter and 12 months ended Dec. 31, 1999. Revenues for the fourth quarter were $163.3 million, up 16% from $140.5 million in the same period in 1998.
G.I. Trucking Co., La Mirada, CA, reports dramatic growth in its operations to serve large and small business customers. Handling more than 104 thousand tons of freight from Texas cities, the company has grown into a network of 18 terminal/service centers that serve more than 200 Texas communities.
January 28, 2000 - Industry News
U.S. Xpress Enterprises, Chattanooga, TN, reported record annual revenue and year-end results for the year ended Dec. 31, 1999.
Yellow Corp., Overland Park, KS, has changed the name of its 400-person technology development subsidiary, Yellow Services, to Yellow Technologies Inc.
Old Dominion Freight Line, High Point, NC, reported record earnings for the quarter ended Dec. 31, 1999. For the quarter, revenue from operations was $112.3 million, a 12.9 percent increase from $99.5 million for the fourth
Covenant Transport, Chattanooga, TN, has announced record revenue, earnings for the year ended Dec. 31, 1999. Revenue was up 28 percent to $472.7 million, compared to $370.5 million in 1998, while net income was $22.3 million,
Kelowna, BC, based Western Star Holdings posted record earnings of $14.5 million (US$10 million) on revenues of $499.2 million (US$345.5 million) for its second fiscal quarter ending December 31. Income for the quarter up 125% from second quarter 1998, revenue was up 9%.
Cummins Engine reported fourth quarter 1999 earnings of $70 million on sales of $1.84 billion -- both records. Earnings excluded a pre-tax charge of $60 million for costs associated with the dissolution of its joint venture Wartsila NSD, announced last month.
Great news. Now you can use your toll booth transponder to pay for Big Macs. Just pick up your order at a participating McDonalds in California’s Orange County and scoot through. The Transportation Corridor Agencies (TCA)
GE Capital Fleet Services' Dealer Services division has a new online service to help dealers expedite transactions and reduce administrative and processing times.
Illinois lawmakers are considering a bill that would close a licensing loophole that was discovered after an Amtrak train hit a flatbed truck near Bourbonnais last spring, killing 11 people
Several truck, bus and construction industry groups have filed suit against the California Air Resources Board, charging that the agency erroneously listed ambient levels of diesel exhaust as a toxic air contaminant.
The California Trucking Assn., the
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