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News Briefs - July 9
CHP Begins Crackdown on Truckers • Yellow’s Purchase Could Lead to More Mergers • Survey: Business Spending Increases in 2Q • CF to Auction More Properties
July 9, 2003Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Yellow to Buy Roadway for $966 Million
Yellow Corp. on Tuesday said it would buy rival Roadway Corp. for $966 million in a bid to create one of the largest shipping companies in the world.
July 8, 2003ArvinMeritor in Hostile Bid for Dana
Vehicle parts maker ArvinMeritor Inc. said Tuesday it had launched a $2.2 billion hostile takeover effort for rival Dana Corp.
July 8, 2003DOT's Jackson to Leave Post on Aug. 1
Deputy Transportation Secretary Michael Jackson will resign on Aug. 1 and return to the private sector, the Washington Post reported Tuesday..
July 8, 2003News Briefs - July 8
Roadway's 2Q Net Income, Revenues Increase • Fewer Bridges Found Deficient, Report Says • Price of Crude Falls After Nigerian Strike Ends • MMTA Names Ehrlich 'Person of the Year'
July 8, 2003Schneider Shuts Two Units in Pension Fund Dispute
Truckload carrier Schneider National Inc. closed two of its Teamster-represented subsidiaries June 28 and 29 after failing to reach a labor contract that would free it from the financially strapped Central States Pension Fund.
July 8, 2003Security Briefs - July 3 - July 9
California Officials Concerned About Nuclear Shipments • Bomb Threat Closes Peace Bridge
July 8, 2003iTECH: A Remedy for Trucking's Traffic Woes
Will there one be an INTI? The Integrated Network exists today in some measure in some parts of the country.
July 7, 2003Average Diesel Price Increases 0.8 Cent to $1.428
The average retail price of diesel fuel rose for the first time in three weeks, jumping 0.8 cent per gallon to $1.428, the U.S. Department of Energy reported Monday.
July 7, 2003News Briefs - July 7
Economists See Positives Despite Rising Unemployment Rate • UPS Seeks Direct Flights to Europe From Hong Kong • Volkswagen May Buy MAN's Commercial Vehicle Unit • Eight Indicted in Arkansas in Truck Permit Scheme
July 7, 2003