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FFE Trims Fleet, Jobs to Reverse Recent Losses

Frozen Food Express Industries is restructuring its operations, eliminating about 150 non-driver employee positions and reducing the size of its trailer fleet by more than 20%.

Daniel P. Bearth | Staff Writer
January 12, 2000
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Increasing Costs Put Pressure On Trucking to Seek Higher Rates

A booming economy generated strong demand for freight hauling, but rising costs for fuel, equipment, insurance and driver wages took a toll on many fleets in 1999.

Daniel P. Bearth | Staff Writer
January 12, 2000
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UPS Pulls in $5.47 Billion With Historic Stock Offering

United Parcel Service’s decision to go public provided the biggest spark in an otherwise quiet year for trucking stocks.

Daniel P. Bearth | Staff Writer
January 12, 2000

Labor, Fuel Pinched Fleets in '99

A booming economy generated strong demand for freight hauling, but rising costs for fuel, equipment, insurance and driver wages took a toll on many fleets in 1999.

Daniel P. Bearth | Staff Writer
January 12, 2000

Reefer Charges to Rise

On the heels of increases by dry van and truckload lines, carriers that haul refrigerated cargo are planning to raise freight rates by as much as 10% this year.

Daniel P. Bearth | Staff Writer
January 11, 2000

Landstar Unit Keeps Safety Rating

Federal transportation safety officials decided to let Landstar Ligon retain its satisfactory safety rating after a review found the flatbed carrier to be in compliance with safety regulations.

Daniel P. Bearth | Staff Writer
January 7, 2000

Trimac Unit Ends Transervice Talks

Trimac Corp. said negotiations between Rentway Ltd., its Canadian-based truck leasing unit, and shareholders of Transervice Lease Corp. have been terminated.

Daniel P. Bearth | Staff Writer
January 7, 2000
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Driver Pay on the Rise

The booming U.S. economy has been a two-edged sword for trucking: the good news being that demand to move freight has never been higher thanks to rising pay levels and nearly full employment; the bad news being that fewer people seem ready to drive trucks at existing pay levels.

Daniel P. Bearth | Staff Writer
January 5, 2000
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Management Firm Buys Hadley Auto Transport

Hadley Auto Transport, a family-owned business started in 1931, has been sold to Hidden Creek Industries, a Minneapolis-based investment management firm with interests in a variety of automotive and truck equipment suppliers.

Daniel P. Bearth | Staff Writer
January 5, 2000
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Trans-State Lines Purchased by Management Group

A management group led by president William H. Clark has purchased Trans-States Lines of Fort Smith, Ark., from the H.L. Hembree family, which has owned the company since 1989.

Daniel P. Bearth | Staff Writer
January 5, 2000