Latest News Updates From Jonathan S. Reiskin
UPS Uses Its Stock to Buy Fritz Cos. for $510 Million
United Parcel Service, the nation’s largest package-delivery company and No. 1 in the Transport Topics 100, this week increased its presence in the logistics industry and international trade by agreeing to purchase the Fritz Cos. for about $510 million, mostly in stock.
January 17, 2001DOD to Approve Fuel Surcharge Plan
The Defense Department is slated to approve a new regime for paying fuel surcharges in late January that will then go into effect April 1, according to an official of the Military Traffic Management Command.
January 17, 2001More Tough Times For Truckload Sector
The roster of players in the truckload sector of the industry will continue changing drastically this year, according to a survey of stock analysts who follow trucking.
January 17, 2001DOD to Approve Fuel Surcharge Plan
The Defense Department is slated to approve a new regime for paying fuel surcharges in late January that will then go into effect April 1, according to an official of the Military Traffic Management Command.
January 17, 2001Flatbed Hauler Intrenet Inc. Closes Trucking Operations
Intrenet Inc. — one of the nation’s largest flatbed operators and No. 52 on the Transport Topics 100 list — is closing up shop and shutting down its four trucking carriers..
January 10, 2001Carrier Failures Reach Record, Fueled by Soaring Diesel Costs
Fueled by soaring diesel prices, the rate of bankruptcies in trucking hit a record high of 1,320 in the third quarter of 2000 and is likely to remain high through June, according to an updated study from a major investment brokerage.
January 10, 2001Shuster Resigns From Congress
Less than 24 hours into his 15th term in the House of Representatives, Bud Shuster shocked his colleagues, constituents and the transportation world by resigning from the body that had been his professional home for 28 years.
January 10, 2001Year-End Mergers Ring the Street’s Bell
Two late-year merger announcements in trucking made a splash on Wall Street in 2000, a year marked otherwise by stagnant or falling stock prices due to concerns that high fuel costs and transportation equities are a bad mix.
January 4, 2001Year-End Mergers Ring the Street’s Bell
Two late-year merger announcements in trucking made a splash on Wall Street in 2000, a year marked otherwise by stagnant or falling stock prices due to concerns that high fuel costs and transportation equities are a bad mix.
January 3, 2001Intrenet to Close Trucking Subsidiaries
The four trucking companies owned by Intrenet Inc. were told Tuesday morning they will be shut down as soon as possible consistent with an orderly liquidation.
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