Hoffa Declares 'New Era' For Teamsters
With a crowd of about 3,500 cheering and chanting “Hoffa, Hoffa, Hoffa,” the son of the vanished former Teamsters leader with the most famous name in trucking labor history took the reins and declared “a new era” for the union at his inauguration on May 1.
New Finance Officer Joins Ryder System
Ryder System selected C.J. “Corky” Nelson as senior executive vice president of finance in what some analysts think may be the first of several top managerial changes.
Transport Corp. Buys Robert Hansen Trucking
Transport Corp. of America, Eagan, Minn., purchased Robert Hansen Trucking of Delavan, Wis., effective April 30.
First Freight Acquires Chris Cartage
First Freight Systems, Minneapolis, announced the acquisition of Chris Cartage of Eagan, Minn.
Central Freight Lines Prepares IPO
Regional less-than-truckload carrier Central Freight Lines of Waco, Texas, filed a registration statement with the Securities and Exchange Commission to sell 5 million shares of stock to the public.
Trism To Review Financing Alternatives
Trism Inc., Kennesaw, Ga., has engaged BT Alex. Brown to review strategic alternatives to improve its capital structure.
PowerTrack Faces Opposition
A Department of Defense plan to pay freight bills through a third-party electronic payment system is caught in a whirlpool of praise and criticism.
Skynet to Acquire Pony Express
Skynet Holdings, a Los Angeles-based company with courier operations in England, the United States and Australia, has tentatively agreed to acquire Pony Express Delivery Services of Altanta.
Pacer Adds Another Acquisition
Pacer International of Lafayette, Calif., continues its acquisition-led expansion with the purchase of Keystone Terminals of Rutherford, N.J.
New Finance Officer Joins Ryder System
Ryder System selected C.J. "Corky" Nelson as senior executive vice president of finance in what some analysts think may be the first of several top managerial changes.