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OTR Express Predicts Losses for Two Quarters
In a somber news release that echoed four issued previously, OTR Express Inc., a nationwide truckload dry van carrier, predicted net losses for the fourth quarter of 2000 and the first quarter of 2001.
January 31, 2001Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Yellow Corp. Orders Layoffs, Cites Economy
A softening economy slathered on top of the traditionally slow winter season prompted less-than-truckload carrier Yellow Corp. to lay off 75 full- ime, salaried personnel Jan. 12, according to a company spokesman.
January 31, 2001EGL Says Merger Causes Lower Earnings, Layoffs
Eagle Global Logistics, the strongly profitable Houston-based freight forwarder owned by EGL Inc., last week acknowledged difficulties that will cause it to take about $90 million in pre-tax charges against earnings and to lay off 300 employees.
January 31, 2001Editorial: Looking Forward to Norm Mineta at DOT
Testimony from Norman Y. Mineta during his confirmation hearing last week before a Senate panel on his appointment as President Bush’s transportation secretary contained much welcome news for trucking.
January 31, 2001Opinion: In Defense of Towing Company Billing Practices
“I’ve been cheated!,” “Add it up again!,” “What a rip-off!” More complaining from disgruntled Democrats? No, those are remarks frequently attributed to trucking company executives referring to towing and storage bills on accident recoveries.
January 31, 2001Towing Officials Say Their Bills Often Reflect Exceptional Costs
Some towing operators will tell you that one reason they have to raise their rates is because trucking is getting safer. There are fewer truck crashes, they say, but towing’s overhead is only going up.
January 31, 2001Canada Offers Provisional Entry For Drivers With ‘Felony’ Records
U.S. truck drivers convicted of offenses classified as felonies in Canada — even though not felonies in this country — now may gain admittance to Canada if they use one of several remedies offered by Canada’s immigration service.
January 31, 2001Texas Gets Set to Own a Railroad
AUSTIN, Texas — The state of Texas was expected to officially enter the railroad business last week when it was scheduled to become owner of South Orient Railroad.
January 31, 2001West Virginia UPS Driver Makes His Musical Mark
Brown by day, blue at night. These are the colors of Johnny Staats’ life.
January 31, 2001Trailer Sales on Downward Track With Shrinking Economy
Shipments of truck trailers in November continued to follow heavy truck sales on a downward spiral, with vans — the most popular kind of trailer — still leading the descent.
January 31, 2001