Latest News Updates From Jonathan S. Reiskin
MC&E: Freightliner Predicts a Profit by End of 2002
NASHVILLE, Tenn. North Americas largest truck maker is willing to let its market share slide if it can turn its losses to profits by the end of 2002 despite a new truck market it expects will remain static through 2003.
October 29, 2001MC&E: Anti-Terror Law Could Stifle Commerce
NASHVILLE, Tenn.--A law arming the U.S. government to fight terrorism, if enforced as currently written could have the unintended side effect of bringing commercial transportation to a standstill, trucking industry officials said Sunday.
October 28, 2001MC&E: Trucking to Pay More for Insurance in January
NASHVILLE, Tenn. Trucking companies were warned Sunday to prepare for insurance rates soaring even higher after Jan. 1, when reinsurance companies will have their first chance since the Sept. 11 terrorist attacks to increase premium rates.
October 28, 2001After 59 Years, IRS May Rule on Tire Tax
DALLAS The Internal Revenue Service is aiming to settle a 59-year argument over how to treat tractor and trailer tires on trucking company tax returns by the end of November, according to an IRS manager speaking to an industry group.
October 5, 2001ATA Economist Costello Sees Recession Taking Hold
DALLAS The attack of Sept. 11 almost certainly will send a weak national economy into a recession, but how long it will last depends on whether American businesses and consumers adopt a bunker mentality, according to Bob Costello, chief economist for American Trucking Association.
October 1, 2001NAFC Meets to Focus on Economy, Border Trade
Trucking company financial managers will meet in Dallas Sept. 23-25 for fall committee meetings and presentations of American Trucking Associations National Accounting and Finance Council.
September 20, 2001ATA Officials Escape Inferno
Through blood, dust and broken chandeliers, economists Bob Costello and Diego Saltes fought their way out of the World Trade Center complex on Sept. 11 and eventually back to their offices at American Trucking Associations, just miles away from the smoldering Pentagon.
September 18, 2001Analysts Concerned Terrorist Attacks Could Push Nation Into Full Recession
While last weeks terrorist attacks triggered tremendous short-term dislocations of U.S. freight systems, trucking activity will suffer much more if the events of last week push the broad U.S. economy into a hard recession as many analysts now fear.
September 17, 2001McCormick Backing Off Plans to Buy Trism
The restructuring of Trism Inc. into a truckload carrier specializing in hazardous freight has caused Edward L. McCormick, the companys former chairman and chief executive, to retreat from his plan to purchase a controlling interest in the firm.
August 30, 2001Postal Service to Maintain Emery Contract Until Aug. 26
A vice president of the U.S. Postal Service said Monday that Emery Worldwide will continue to be responsible for moving Express Mail until its contract terminates Aug. 26.
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