Trucking Not on Trustbusters’ List
No one in trucking has to be convinced that there’s plenty of competition today.
Hoffa Wins Teamsters Election
James P. Hoffa, son of one of the most famous union leaders in the history of organized labor, will hold a press conference today following his presumed victory over Tom Leedham to become president of the Teamsters union.
Celadon-Odyssey Merger Terminated
Celadon Group said it is reviewing strategic alternatives after a proposed buyout of the company for $20 a share by a unit of Odyssey Investment Partners was terminated Nov. 30.
Drivers Lose 40% of Time Waiting, Says TCA Study
Truck drivers, most of whom are paid by the mile, spend as much as 40 hours a week waiting and loading and unloading trailers.
TL Fleets, Broker Among Forbes 'Best Small' Firms
Tucked into the same northwest Arkansas neighborhood as truckload giant J.B. Hunt Transport and Wal-Mart Stores, the nation’s biggest retailer and a huge private fleet, P.A.M. Transportation Services may be easy to overlook.
Ford Credit to Buy Leasing Group
Ford Credit announced plans to acquire AMI Leasing Group of Worcester, Mass. AMI will become part of Ford Credit North America’s lending operations, company officials said.
Xtra, Apollo Terminate Merger
Xtra Corp. and an acquisition company formed by New York-based Apollo Management and Interpool Inc. mutually agreed to terminate their merger agreement.
Teamsters Ballot Count Begins
With the Teamsters presidency at stake, the U.S. Postal Service is delivering union members’ ballots to an industrial office building just around the corner from American Trucking Associations’ headquarters in Alexandria, Va.
A New Direction for LTL Rates
Less-than-truckload carriers are departing from a trend that had developed in recent years: the annual Jan. 1 rate increase.
Rate Bureaus Face Hurdles
In the face of business and regulatory problems, some regional rate bureaus are seeking strength in numbers.