J.P. Morgan Says Trucking Companies Using Stock Options Conservatively
Major trucking companies and other transportation providers have been conservative in their use of stock options as a form of executive compensation, according to a report from J.P. Morgan Securities.
Dunwoody Will Be First Woman to Run Military Traffic Command
Brig. Gen. Ann E. Dunwoody will take charge of the Army’s Military Traffic Management Command on Oct. 17 when the unit’s current commander, Maj. Gen. Kenneth L. Privratsky, retires from the service.
Long UPS-Teamsters Pact Could Set New Standard
WASHINGTON — The new, longer labor pact between the Teamsters and United Parcel Service could be a harbinger for the less-than-truckload and vehicle-moving industries, which must both negotiate their own deals with the union to replace contracts that will expire in 2003.
Drivers Hard to Find as Freight Volume Grows
The economy’s growing recovery is beginning to tighten the market for truck drivers, according to industry statistics and recent interviews with fleet owners and managers.
Zollars Asks 65 MPH Limit for Trucks Nationwide
WASHINGTON — The head of Yellow Corp., one of the nation’s largest less-than-truckload carriers, wants speed limits for trucks capped at 65 miles per hour across the nation, and he said Yellow will divert part of its advertising budget to trumpet the cause of highway safety.
Coughlin Lauds New ATRI Focus as She Departs for Aviation Role
Trucking was the third mode of transportation for Susan M. Coughlin, who turns her 20-year career back toward aviation, where she began, effective June 10.
CF, Yellow Lead LTLs in Rate Hikes
Two major less-than-truckload carriers have raised their freight-hauling rates for smaller customers by almost 6% and a major rate bureau may recommend its 140 members make a similar increase.
Trucking Outperforms Market Despite Weak Volumes, Earnings
Trucking equities have sharply outperformed the stock market for the past year, with the value of publicly traded carriers up 35% as a group despite lackluster earnings and low freight volumes through a recessionary period.
Tough Strategies Boost Results
First-quarter reports show that some publicly traded trucking companies have boosted their net earnings through the tough turnaround plans they instituted a year ago to staunch worrisome losses.
Clapp Says Major Trucking Rules Coming, but Dates Uncertain
SAN FRANCISCO — The U.S. Department of Transportation is still working on three major trucking regulations, but the completion dates are as yet unknown, the government’s top trucking regulator said.