Truckers Struggle As Insurance Costs Near Crisis Levels
A sharp rise in insurance rates is forcing truck companies to accept more risk as well as incur higher operating costs. The problem could reach crisis levels before long, some observers say, and may even push some truckers out of business.
Is It Time for Rebound of Risk Retention Groups?
One of the legacies of the great insurance crisis in the mid-1980s was passage of the Liability Risk Retention Act of 1986, which led to the formation of hundreds of risk retention and insurance purchasing groups.
Smile! Your Safety Record Is Online
The availability of vehicle inspection and accident data on the Internet from the Federal Motor Carrier Safety Administration is beginning to play a bigger role in determining who qualifies for insurance coverage.
Truckers Struggle As Insurance Costs Near Crisis
A sharp rise in insurance rates is forcing truck companies to accept more risk as well as incur higher operating costs. The problem could reach crisis levels before long, some observers say, and may even push some truckers out of business.
Ryder Shareholders Reject Sale Idea
Shareholders of Ryder System soundly rejected a proposal to put the company up for sale. They also voted down a proposal to require the annual election of all directors — a measure the current board opposed.
American Trans-Freight Buys Redwood TL
American Trans-Freight has purchased the truckload division of Redwood Systems, a contract logistics unit of Consolidated Freightways Corp.
New CEO Primes Pump At Quality Distribution
When Thomas L. Finkbiner joined Norfolk Southern Corp. as head of intermodal marketing in 1987, he told his railroad colleagues that to be successful, they had to think more like truckers.
Overnite, Union Find Large Themes In Six Months of Strike Action
As the Teamsters strike against Overnite Transportation Co. passes its sixth month, both sides appear to be reaching out to the public for support of their positions.
Overnite, Teamsters Appeal to Public
As the Teamsters strike against Overnite Transportation Co. passes its sixth month, both sides appear to be reaching out to the public for support of their positions.
KLLM Board Asks For Final Offers
Two groups bidding to acquire KLLM Transport Services, the nations’ fifth-largest refrigerated carrier, last week agreed to submit binding offers to a special committee of the board of directors on May 5.