USF Buys Transport Corp.
USFreightways Corp. announced last week that it will acquire Transport Corp. of America for about $150 million in stock, a deal that will make USFreightways one of the nation’s largest truckload carriers.
FDX Rebrands Itself, Subsidiaries
Federal Express changed the name of its parent company from FDX Corp. to FedEx Corp. and will rename three of its business units, package carrier RPS Inc., expedited carrier Roberts Express and Global Logistics, to feature the FedEx brand name.
Flatbed Carrier Ploof Purchased by Cyprus Truck Lines
Cyprus Truck Lines of Jacksonville, Fla., has purchased Ploof Truck Lines and will operate the flatbed truckload carrier as a separate business.
Arnold Industries Hits Growth Vein In Logistics
For years, Arnold Industries, which operates one of the nation’s most profitable regional less-than-truckload freight carriers — New Penn Motor Express — has looked for opportunitie’s to expand beyond the Northeast.
Daylight Transport Shines in Carving Out Niche
President Doug Waggoner calls Daylight Transport “a virtual trucking company.”
Cyprus Buys Ploof Truck Lines
Cyprus Truck Lines of Jacksonville, Fla., has purchased Ploof Truck Lines and will operate the flatbed truckload carrier as a separate business.
FDX Rebrands Itself, Subsidiaries
Federal Express changed the name of its parent company from FDX Corp. to FedEx Corp. and will rename three of its business units to feature the FedEx brand name.
Economy May Drive Rates Higher
Continuing economic growth and mounting trucking costs, especially for driver pay, will set the stage for higher freight rates in 2000, Management Outlook Forum panelists agreed.
US&T to Invest in E-Commerce
United Shipping & Technology, which acquired Corporate Express Delivery Systems in September, has raised $9 million through a private sale of stock and plans to invest it in e-commerce expansion.
Combined Transport Buys Flatbed Carrier in Wash.
Combined Transport, Central Point, Ore., has purchased flatbed truckload carrier Sunrise Express of Vancouver, Wash., in a move that is expected to increase revenue by 20% and improve its service offerings.