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Ohio Company To Buy Kenan For $84 Million

Advantage Management Group, an Ohio-based holding company with trucking and logistics assets, will buy tank truck carrier Kenan Transport Co. for about $84 million in cash, creating one of the nation’s largest bulk haulers of petroleum products, operating in 35 states.

February 8, 2001

Private Truck Group Selects Mover Executive As Its New President

The National Private Truck Council named former National Moving and Storage Association chief executive Gary Frank Petty as its new president.

February 8, 2001

Cirillo Leads FMCSA asMineta Eyes Candidates

Secretary of Transportation Norman Y. Mineta has a list of candidates to fill the Federal Motor Carrier Safety Administration’s top spot, but has not yet pinpointed anyone for the job. In the interim, Julie A. Cirillo continues to lead the agency.

February 8, 2001

Survey Links Fatigue to Scheduling

The Federal Motor Carrier Safety Administration unveiled results from a four-year survey on how carrier scheduling affects driver fatigue, drawing a clear line between management practices and drivers’ perceptions of fatigue.

February 8, 2001

Diesel Price Drop Predicted Despite Recent Increases

Market observers are still predicting a drop in the price of diesel fuel despite two consecutive weeks of rising prices.

February 8, 2001

Dunn Resubmits Bill To Repeal Estate Tax

WASHINGTON — Hoping for a better reception at the Bush White House than she got from the Clinton administration, Rep. Jennifer Dunn (R-Wash.) last week reintroduced her bill to repeal the estate tax.

February 8, 2001

CN Terms $1.2 Billion Purchase Of Railroad ‘Minor Transaction’

Canadian National Railway Co. says its plan to purchase the Wisconsin Central Transportation Corp. at a cost of $1.2 billion should be seen by the Surface Transportation Board as a “minor transaction..

February 8, 2001

Freightliner, International To Make Production Cuts

More than 12,000 jobs have now been eliminated in the slumping truck-manufacturing industry since October 1999 as two more manufacturers announced new production cuts.

February 8, 2001