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USF Red Star Acquires CBL Trucking
USF Red Star Express, a regional less-than-truckload carrier based in Newark, N.J., has acquired assets of CBL Trucking of Delanco, N.J.
April 13, 1999
Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Roadway Posts Higher Profits
Roadway Express, Akron, Ohio, said profits rose 20% in the first quarter of 1999 although revenue and tonnage were both down compared to the same period a year ago.
April 13, 1999Supermarket Merger May Cost Jobs
About 500 Fry's Food Stores truck drivers and warehouse workers will lose their jobs if parent Kroger Co. and Fred Meyer Inc. merge.
April 13, 1999Gordon Buys Post Freight Assets
Gordon Trucking Inc. of Pacific, Wash., purchased the general freight assets of Post Trucking in nearby Sumner.
April 13, 1999Apollo Buys Stacktrain Business
Apollo Management, a New York investment firm that recently purchased a stake in Pacer International, an intermodal service provider based in Lafayette, Calif., has agreed to pay more than $300 million for the North American stacktrain business of Neptune Orient Lines.
April 13, 1999GeoLogistics Realigns Freight Forwarding
GeoLogistics Corp. of Denver will restructure its GeoLogistics Americas freight forwarding business into domestic and international operating units, and realign its service offerings in the wake of operating losses in 1998.
April 13, 1999Trimac Expands Logistics Unit With Purchase
Trimac Corp. of Calgary, Alberta, has acquired a transportation consulting firm in Florida and will merge it with its current logistics unit.
April 13, 1999Forward Air to Sell 3 Million Shares
Forward Air Corp., Greeneville, Tenn., announced plans to offer 3 million shares of common stock to the public.
April 13, 1999Fuel Prices Near Surcharge Level
TT File PhotoDiesel prices continued to rise last week, making a leap of about 3 cents a gallon, and are closing in on thresholds that may trigger fuel surcharges in freight contracts. Though most companies have shied away from invoking the fee, that may not be the case for long.
April 11, 1999Truckers Again Jam Major British Cities in Protest Against Taxes
Hundreds of trucks jammed London's Park Lane and centers of seven other major cities Monday in a traffic-snarling protest against higher taxes on diesel fuel and heavy vehicle licenses.
April 11, 1999