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LTLs Explore Next-Day Deliveries
NEW YORK — In an effort to take advantage of what analysts are calling the fastest-growing segment of the less-than-truckload market, three carriers said they were exploring next-day market ventures, with at least one planning to launch a pilot program later this year.
June 4, 2003Analysts See Europe, U.S. Cutting Interest Rates
Comments on Tuesday by Federal Reserve Chairman Alan Greenspan and European Central Bank Chairman Wim Duisenberg have many analysts expecting interest-rate cuts on both sides of the Atlantic as a way to stimulate the global economy while reducing the risk of deflation, news services reported.
June 4, 2003News Briefs - June 4
Coalition Seeks Rail Tunnel Under N.Y. Harbor • Productivity Revised to 1.9% in 1Q • Service Sector Index Rises Again in May • Consolidated Freightways Pension Taken Over by Federal Insurer • And more...
June 4, 2003FedEx to Cut Jobs Through Early Retirement
FedEx Corp. said late Monday that its largest operating unit, FedEx Express, would offer voluntary early retirement and severance programs during fiscal 2004 in an attempt to improve profitability.
June 3, 2003Trucking Groups Sue Arkansas Over Registration Dispute
American Trucking Associations, the Arkansas Trucking Association and Wayne Smith Trucking Inc. have sued to stop the state of Arkansas from charging back sales taxes to trucking companies that register their vehicles in Arkansas after taking advantage of Oklahoma’s lower taxes.
June 3, 2003News Briefs - June 3
USF Dugan Rebuilds Terminal After Tornado • Greenspan Sees Turnaround in U.S. Economy • U.S. May Job-Cut Reports Fall 53.1% • Senate Nears Vote on Ethanol Bill • And more...
June 3, 2003ISM Manufacturing Index Improves, but Still Below Key Level
The Institute for Supply Management said Monday its manufacturing index rose to 49.4 in May from 45.4 in April, but it was the third straight month the index showed the sector had contracted..
June 2, 2003Teamsters, Car Haulers Reach Deal to Prevent Strike
The Teamsters union and 15 U.S. trucking companies that deliver new cars and trucks reached a tentative five-year agreement on a new contract over the weekend, preventing a disruption of vehicle deliveries.
June 2, 2003Technology Briefs - May 27 - June 2
XM, Sirius Gaining Subscribers, Investors • Pilotless Planes May Be Used to Track Traffic • G-Log Unveils New Version of Software
June 2, 2003Summit Adds International Perspective
Interest in the Diesel Engine Emissions Summit continued growing last week, as the number of people registered grew sharply and more trucking industry experts were added to the June 10 program.
June 2, 2003