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News Briefs - May 19
Celadon's Public Offering Priced at $14.50 • Bush Again Says He Will Not Tap SPR • Schneider, Teamsters Settle Dispute a Year Later • Illinois Votes to Increase Truck Speed Limit, but Veto Planned • Cannon Express Plans Liquidation • And more...
May 19, 2004TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Report: U.S. Xpress to Add 1,000 Jobs in Tennessee
U.S. Xpress Enterprises Inc. said Tuesday it planned to add 500 jobs in the next two years, and 500 more in another three to five years, the Chattanooga Times Free Press reported.
May 19, 2004TL Fleets Say Shippers Adjust to Avoid Driver Detention Fees
NEW YORK — Truckload carriers told investors here that many of their customers have adjusted quickly to the federal hours-of-service rules because otherwise they would have to pay detention fees.
May 19, 2004Officials Say U.S. Moving Quickly on Permits for High-Risk Hazmats
LAS VEGAS — Federal safety and security specialists told the National Tank Truck Carriers convention here that the government was moving quickly to require special permits for high-risk hazardous materials, and that it is working to secure the national transportation system as a whole, rather than only particular parts of it.
May 19, 2004Letter to the Editor: Cargo Theft Data
Click here to write a Letter to the Editor. n the opinion piece, "A Need for Cargo Theft Data," the author unfairly characterized the legislation now under consideration by the California Legislature to improve the security of hazmat transportation.
May 19, 2004ABF Freight System Raising Rates Next Month
ABF Freight System Inc., the less-than-truckload unit of Arkansas Best Corp., said Wednesday it would raise its general freight rates on June 14.
May 19, 2004Security Briefs - May 13 - May 19
Some Airports to Get More Screeners This Summer • Report: Gov't Seeks Management Companies for TWIC Tests • N.J. Gov. Says Federal Security at Newark Airport Inadequate
May 19, 2004News Briefs - May 18
Government Says It Will Not Tap Oil Reserve • Bush Renominates Greenspan as Fed Chairman • Housing Starts Fall 2.1% in April • California to Investigate Oil Companies as Fuel Prices Soar • And more...
May 18, 2004LTL Carrier Profits Increase as Freight Shifts From Truckload
Less-than-truckload carriers said they boosted profits in the first quarter both because the strengthening economy had improved business generally and because shippers were shifting some freight away from the tightening truckload sector.
May 18, 2004Executives Say Lack of Drivers Stems From Low Pay Levels
NEW YORK — Motor carriers here said an inability to hire and retain qualified drivers continued to prevent them from adding capacity and the problem would not be resolved until the industry increased driver pay..
May 18, 2004