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Components Suppliers Riding High
As Class 8 tractors sell at a record pace in order to meet heavy demand, companies that sell components to truck makers have seen their sales and earnings lifted to new heights.
July 28, 1999A.M. Executive Briefing - July 28
In the news this morning: Rail, truck legislation remains stalled; DOT drops plans to restrict information on carrier finances; and Transit tax would help truckers, Florida officials say.
July 28, 1999P.M. Executive Briefing - July 28
This afternoon's headlines: USFreightways stock up on Preston closure; 46 Con-Way drivers heading for Truck Driving Championships; and Federal court ruling leaves EPA wheezing.
July 28, 1999Teamsters Tap New Chief Lobbyist
The Teamsters have a new chief lobbyist. Mike Mathis, a veteran in the union’s government affairs department, took over as director July 28.
July 28, 1999Apollo Joins Corp. Express Buyout
Apollo Management, a private investment firm with a stake in several transport companies, is helping to finance the buyout of Corporate Express of Broomfield, Colo.
July 27, 1999Trucker Charged for Striking Cop Car
A tractor-trailer driver who slammed into a state police cruiser on Interstate 65 is charged with failing to yield to a police officer under Indiana's new slow down and move over law.
July 27, 1999Overnite Profits Up 13.7%
Overnite Transportation Co. reported profits rose 13.7% in the second quarter of 1999, and that revenue and net income in the first six months of the year were the best since 1994.
July 27, 1999A.M. Executive Briefing - July 27
In the news this morning: NFC, North American Van are in talks; British truckers pledge more protests; and Motor Cargo shrugs off Chicago unit shutdown.
July 27, 1999Quarterly Reports Show LTL, Truckload Heading in Opposite Direction
The two major sectors of trucking are moving in opposite directions financially, with second-quarter earnings reports showing truckload carriers bouncing off a particularly grim first quarter and the less-than-truckload companies reverting to the more slender profit levels of two years ago.
July 27, 1999Court: Radar Detector Seizure OK
The Pennsylvania Supreme Court says police did not violate a trucker's constitutional rights when they seized his radar detector after his truck caused a fiery 1995 crash that killed three people.
July 27, 1999