A.M. Executive Briefing - Nov. 1

November 1, 1999 8:08 AM, EST

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This Morning's Headlines:

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Feds Break Up Cargo Crime Ring

Teamsters Slap Overnite Trucking With Unfair Labor Charges

Overnite Employees in Grand Rapids Petition to Decertify Teamsters

Swift Transportation Co. Inc. Announces Stock Repurchase Program

New Internet Start-Up Will Match Empty Space of LTL Carriers with Shippers Seeking Cost Savings

Feds Break Up Cargo Crime Ring

Eight people have been indicted in an alleged Miami-based cargo-theft ring that authorities say sent stolen computer parts to Latin American destinations. On Friday, seven were being held, according to the FBI and other authorities on different levels of government. The other was not in the United States. Some information about the theft ring came from one of two men arrested regarding a burglary at a warehouse. Journal of Commerce Online (11/01/99); Hall, Kevin G.

Teamsters Slap Overnite Trucking With Unfair Labor Charges

The National Labor Relations Board says Teamsters Local 375 has alleged that Overnite Transportation has been breaking federal labor law at its Tonawanda, N.Y., terminal by making video recordings of picketers.

The union local also says Overnite has been informing employees that the Teamsters is not their representative officially, the NLRB says. Overnite spokeswoman Denise DesChenes says the company has been lawfully using cameras because of "illegal activity" and that the Tonawanda managers have said the Teamsters' bargaining-agent status is disputed.

Teamsters Local 375 received certification for the Tonawanda site from the NLRB in July, but the company questioned the election. The certification is being challenged by the company. Buffalo News (10/30/99) P. 7A; Williams, Fred O.

Overnite Employees in Grand Rapids Petition to Decertify Teamsters

The NLRB has informed Overnite Transportation that workers at the Grand Rapids, Mich., Overnite service center have made their third Teamsters decertification petition. This is the fifth site to make such a filing in the past month. PR Newswire (10/29/99)

Swift Transportation Co. Inc. Announces Stock Repurchase Program

The board of directors at Swift Transportation has approved a maximum 500,000-share common stock buyback. The repurchase period is currently set to end June 30, 2000. Business Wire (10/29/99)

New Internet Start-Up Will Match Empty Space of LTL Carriers with Shippers Seeking Cost Savings

PMC Logistics, ICON Transportation, and USCO Logistics have formed a partnership to create GoLogistics.com, a Web site bringing together shippers and LTL carriers. The site will help trucking companies have fewer linehaul miles with no cargo while cutting shippers' costs by helping them find carriers that offer lower rates. Shippers give GoLogistics information about shipments, then GoLogistics finds appropriate LTL carriers and takes bids. GoLogistics then gives the shippers the three best bids. PR Newswire (10/29/99)

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