Crouse Mechanics Sign Contract
Crouse Cartage Co. of Carroll, Iowa, said a contract was ratified by a local union representing Chicago-area mechanics following a one-day strike June 2.
Yellow Expands Its Network With $200 Million Bid for Jevic
Yellow Corp. found a Midwest and Northeast anchor for its emerging nonunion regional trucking network. It is Jevic Transportation, a publicly owned regional and inter-regional less-than-truckload and truckload carrier based in Delanco, N.J.
Hobbs Group Starts Insurance Division for Large Truckers
Hobbs Group, an Atlanta-based insurance brokerage firm, has started a specialty transportation division headed by Alan M. Shetzer to provide insurance and loss-control services for large trucking companies.
Trism To Omit Interest Payment On Bonds
Trism Inc., Kennesaw, Ga., said it will not make a $4.6 million interest payment due June 15 on its 10.75% senior subordinated debt due Dec. 15, 2000.
Truck Parts Distributors To Merge
HDA Parts System of Deerfield, Ill., and Quality Distribution Service Partners of Itasca, Ill., each of whom were attempting to put together national networks of aftermarket truck parts distributors, agreed to form a new company called FleetPride.
E-Commerce Chemistry Just Right for Yellow Corp.
In an experiment that has an element of risk to it, Yellow Corp. is providing transportation services for eChemicals, a company that uses the Internet to match buyers and sellers of industrial chemicals.
Transit Group Brings Three More Into Flock
Transit Group of Atlanta announced plans to acquire three more trucking companies, bringing to 18 the number it has purchased since July 1997.
Trailer Tracking Comes of Age
Schneider National may have validated the technology that makes it possible to locate and track trailers unhooked from power units in announcing at the end of April a deal to retrofit much of its fleet of 43,000 trailers with a product developed by Vantage Tracking Solutions.
Driver Pay Up 3.3% in First Quarter
Driver pay increased at an annual rate of 3.3% in the first quarter of 1999, a bit higher than the 3.1% annual rate seen in the fourth quarter of 1998, according to the National Survey of Driver Wages.
E-Commerce Chemistry Just Right for Yellow Corp.
In an experiment that has an element of risk to it, Yellow Corp. is providing transportation services for eChemicals, a company that uses the Internet to match buyers and sellers of industrial chemicals.