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Bush Sends Tax Cut to Congress
President Bush, warning that the U.S. economy has warning signs of a downturn, sent his tax cut plan to Congress Thursday.
February 8, 2001Ryder System Cutting Up to 700 Jobs
Ryder System Inc., the commercial truck-leasing and logistics services company, expects to cut up to 700 jobs in 2001 year, the Associated Press reported Thursday.
February 8, 2001Fed Lowers Interest Rates for Second Time in 2001
The Federal Reserve cut interest rates again last week, its second rate cut in January, in an effort to bring the U.S. economy out of its tailspin. Analysts expect the economy will start to rebound by midyear, with trucking companies among the early beneficiaries of reinvigorated growth.
February 8, 2001FedEx, UPS Ally to Fight DHL-Deutsche Post Plans
Sensing a threat to their already hotly contested American market, United Parcel Service and FedEx Corp. have allied to fight expansion plans of DHL International and its majority owner, Deutsche Post.
February 8, 2001Rising Costs Cut Profits; Failures Trim Capacity
In the world of profit and loss statements for trucking in 2000, the strong survived, the adequate stumbled and the weak were buried. Truckload failures reached an all-time high, taking out as much as 3% of industry capacity since December alone, according to analysts.
February 8, 2001Missouri State Senator Proposes Higher Fees, Lower Speed Limits
Missouri state Sen. Ken Jacobs introduced a bill that would raise the state tax on diesl fuel, truck registration and permit fees and speeding fines for truckers.
February 8, 2001British Truckers Granted Three More Vehicle Tons
LONDON — British truckers won the right to add three tons of capacity to their rigs on Feb. 1 as the central government increased the maximum weight for six-axle tractor-trailers to just over 97,000 pounds.
February 8, 2001Bush Will Open US Roads to Mexican Trucks
President Bush will allow Mexican trucks that meet U.S. safety standards to operate on U.S. roadways, the White House said Wednesday. Still to be settled is how to implement that decision.
February 7, 2001Executive Briefing - Feb. 7
Today's Headlines: Arnold 4Q Earnings Even With '99 Period; Scania May Cut Workforce Again; Ryder Meets 4Q Estimates; DaimlerChrysler Profits Drop 11%; Hino May Build 30,000 Delivery Trucks in U.S. Market; and more to come...
February 7, 2001Executive Briefing - Feb. 8
Today's Headlines: Union Postpones Dina Strike; AirNet Reports 18 Cents/Shr; Emons Earns Eight Cents/Shr; Gap Nixes Ohio Distribution Center; Landstar 4Q Earnings Up; Hub Has 14-Cent 4Q Net; FreightWise.com Suspends Services.
February 7, 2001