Trucking Group Buys Ohio-Based Aetna Lines
Transport Investments Inc., a Pittsburgh-based holding company, agreed to acquire the trucking assets of Aetna Freight Lines of Warren, Ohio.
ATA Organizations: Profiles in Change
The restructuring of American Trucking Associations has resulted in several changes in the makeup of the federation over the past year.
Overnite Profits Dropped 17.6% in Third Quarter
Overnite Transportation Co., Richmond, Va., said profits fell 17.6% in the third quarter of 1999, reflecting investment in expanding full-state coverage and reducing transit times.
Trucking Group to Buy Aetna Lines
Transport Investments Inc., a Pittsburgh-based holding company, agreed to acquire the trucking assets of Aetna Freight Lines of Warren, Ohio.
Overnite Profits Dip 17.6%
Overnite Transportation Co., Richmond, Va., said profits fell 17.6% in the third quarter of 1999, reflecting investment in expanding full-state coverage and reducing transit times.
Bureaus Raise Freight Rates
Four motor carrier rate bureaus will implement general rate increases on Nov. 1, plus offer a 35% discount on class rates for shippers who do not have an established discount with a carrier.
Software Maker Wins Injunction
Innovative Computing Corp. said a federal judge issued an injunction against Add On Systems restricting the company from using Innovative’s copyrighted software in its business.
Trucking Seeks Stock Investors
Stock market analysts who keep their eyes on trucking feel pretty good about the industry’s prospects, but getting investors to share that feeling may take some work.
Slater Asks End of Antitrust Immunity
Transportation Secretary Rodney E. Slater is seeking to eliminate antitrust immunity for rail and motor carrier rate agreements, pooling arrangements and mergers.
Union Says 1-Day Seattle Protest Is First in Series of Job Actions
Container haulers picketed the American President Lines terminal at the Port of Seattle Oct. 21 in what Teamsters union officials say will be the first of a series of job actions aimed at forcing ocean carriers, railroads and truck lines to address driver grievances.