Gordon Buys Post Freight Assets
Gordon Trucking Inc. of Pacific, Wash., purchased the general freight assets of Post Trucking in nearby Sumner.
Apollo Buys Stacktrain Business
Apollo Management, a New York investment firm that recently purchased a stake in Pacer International, an intermodal service provider based in Lafayette, Calif., has agreed to pay more than $300 million for the North American stacktrain business of Neptune Orient Lines.
GeoLogistics Realigns Freight Forwarding
GeoLogistics Corp. of Denver will restructure its GeoLogistics Americas freight forwarding business into domestic and international operating units, and realign its service offerings in the wake of operating losses in 1998.
Trimac Expands Logistics Unit With Purchase
Trimac Corp. of Calgary, Alberta, has acquired a transportation consulting firm in Florida and will merge it with its current logistics unit.
Forward Air to Sell 3 Million Shares
Forward Air Corp., Greeneville, Tenn., announced plans to offer 3 million shares of common stock to the public.
ATA Offers Study of Trucking Trends
How many U.S.-based trucking companies are there? What do they haul? What do drivers earn, and how profitable is the industry?
Teamsters, Overnite to Meet
Teamsters President Jim Hoffa visited Overnite’s Atlanta terminal April 8 and challenged company chairman Leo H. Suggs to debate the merits of an employee benefits package.
Hoffa Picks Roth For Communications
Teamsters President Jim Hoffa appointed Charles M. “Chip” Roth as communications director for the union.
DOD Will Not Drop Billing Plan
Despite complaints primarily from munitions haulers, the Department of Defense is moving forward with a plan to use a third-party electronic freight payment system to compensate freight carriers.
Roadway Seeks Ventures Outside Core Business
The chairman of Roadway Express said a slow recovery from a threatened strike in 1998 has forced the company to look for opportunities outside of its core freight hauling business.