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UPS to Acquire Overnite Corp. for $1.25 Billion
UPS Inc. said Monday it had reached agreement to acquire less-than-truckload carrier Overnite Corp. for $43.25 per share, or about $1.25 billion.
May 16, 2005
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Bush Pushes Energy Agenda at Va. Biodiesel Plant
Click here to write a Letter to the Editor. resident Bush touted his energy plan during a visit a plant Monday near Richmond, Va., that makes biodiesel fuel from soybeans, news services reported.
May 16, 2005Technology Briefs - May 10 - May 16
Xata Reports Higher Second-Quarter Loss • WebTech Wireless Enters Long-Haul Market • Peterbilt Offering Free Year of Sirius Radio • Nextel, Partners Team Up in Mobile GPS Application • And more...
May 16, 2005Supreme Court's 5-4 Ruling Allows Internet Wine Sales
The Supreme Court ruled Monday that states may not pass laws blocking out-of-state wineries from shipping to customers, the Associated Press reported.
May 16, 2005Yellow Roadway May Target China Operations, Report Says
Click here to write a Letter to the Editor. ellow Roadway Corp. may become the first U.S. trucking company to operate in China, the Financial Times reported Sunday.
May 16, 2005N.Y. Manufacturing Index Shows Contraction in May
Manufacturing in New York state contracted for the first time in two years, according to a monthly survey by the Federal Reserve Bank of New York released Monday.
May 16, 2005Trailer Bridge Reports Improved First-Quarter Profit
Trailer Bridge Inc., a provider of integrated trucking, intermodal and marine freight services, reported first-quarter net income of $976,000 or 8 cents a share.
May 16, 2005Official Says EPA to Keep to Low-Sulfur Fuel Timetable
Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>WASHINGTON — An Environmental Protection Agency official said last week EPA was sticking with its June 2006 deadline for the rollout of ultra-low-sulfur diesel fuel.
May 16, 2005N.H. Plan Would Allow More E-ZPass Discounts
Several members of the New Hampshire state Executive Council are lining up behind a plan that would eliminate tokens on New Hampshire turnpikes and create a 10% to 30% discount for E-ZPass users, including commercial drivers, the Associated Press reported.
May 16, 2005Senate Expected to Pass Highway Bill
The Senate is expected to approve a $295 billion highway bill over objections of the Bush administration, which wants a lower funding level, the Wall Street Journal reported Friday.
May 16, 2005