Top Source, Flying J Strike Deal
Top Source Technologies and Flying J Inc. have struck a deal to promote the use of a new product that analyzes used oil.
KLLM Expects Loss in 4th Quarter
KLLM Transport Services said it expects to post a loss in the fourth quarter because of problems stemming from a shortage of drivers.
PTG Completes Financing Deals
Professional Transportation Group raised $500,000 from the private sale of 9% convertible debentures and warrants for the purchase of up to 1.1 million shares of the company’s stock.
Temporary Relief for Rail Shippers
The Surface Transportation Board issued new rules to make it easier for captive rail shippers to obtain alternative rail service to alleviate “inadequacies.”
STB Extends Rate Bureau Authority
The Surface Transportation Board extended for one year the authority of motor carrier rate bureaus to set rates and the National Classification Committee to establish commodity classes for freight moving by truck.
Teamsters Say ANR May Close
Striking ANR Advance Transportation employees put down their picket signs last week as hope faded for one of the nation’s most enduring trucking companies.
Temporary Relief for Rail Shippers
The Surface Transportation Board issued new rules to make it easier for captive rail shippers to obtain temporary alternative rail service to alleviate service “inadequacies,” but it refused requests from shippers in the Houston-Gulf Coast area for permanent access to other carriers to guard against future service problems.
FedEx Parent’s Stock Rises
Powered by an expanding domestic economy and lower fuel prices, FDX Corp., the parent of Federal Express Corp. and RPS Inc., posted better-than-expected profits in its second fiscal quarter.
STB Extends Rate Bureau Authority
The Surface Transportation Board extended for one year the authority of motor carrier rate bureaus to set rates and the National Classification Committee to establish commodity classes for freight moving by truck.
Teamsters Say ANR May Close
Striking ANR Advance Transportation employees put down their picket signs last week as hope faded for one of the nation’s most enduring trucking companies.