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A.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, 1999Ore. Gas Tax Opponents Take Aim
Unlikely allies are joining forces to overturn the state's new gasoline and diesel taxes - just days after legislators approved the tax in the final hours of the 1999 session.
July 27, 1999Trailer Sales Head Toward Normal
Shipments of trailers and chassis continued to slide through May, dropping 14.4% below their levels for the same five months during the record-breaking year of 1998.
July 27, 1999Ocean Group to Buy Mark VII
Mark VII Inc., an intermodal and logistics company based in Memphis, Tenn., has agreed to a buyout by MSAS Global Logistics, a unit of Ocean Group plc, for $23 a share in cash.
July 27, 1999P.M. Executive Briefing - July 27
This afternoon's headlines: Rising fuel prices may trigger surcharges in Canada; A columnist stresses the need for change management; and Hendrickson unveils new suspension systems.
July 27, 1999Meal Deduction Bill Clears House Panel
A measure to speed the return of the 80% tax deduction for truckers’ meals cleared a hurdle last week as the Senate Finance Committee approved a $792 billion tax-cut bill.
July 26, 1999Police Probe Ariz. Truck-Train Crash
Police are investigating a collision in downtown Flagstaff between a freight train and a tractor-trailer, and the truck driver has been charged in the accident.
July 26, 1999NationsWay Proposes Bonus Plan
NationsWay Transport has asked a bankruptcy court to approve a bonus program that would pay the failed trucking company's 40 remaining employees at least $200,000.
July 26, 1999