MC&E: Freightliner Predicts a Profit by End of 2002

NASHVILLE, Tenn. – North America’s largest truck maker is willing to let its market share slide if it can turn its losses to profits by the end of 2002 despite a new truck market it expects will remain static through 2003.

Jonathan S. Reiskin | Associate News Editor
October 29, 2001

MC&E: Anti-Terror Law Could Stifle Commerce

NASHVILLE, Tenn.--A law arming the U.S. government to fight terrorism, if enforced as currently written could have the unintended side effect of bringing commercial transportation to a standstill, trucking industry officials said Sunday.

Jonathan S. Reiskin | Associate News Editor
October 28, 2001

MC&E: Trucking to Pay More for Insurance in January

NASHVILLE, Tenn. – Trucking companies were warned Sunday to prepare for insurance rates soaring even higher after Jan. 1, when reinsurance companies will have their first chance since the Sept. 11 terrorist attacks to increase premium rates.

Jonathan S. Reiskin | Associate News Editor
October 28, 2001

After 59 Years, IRS May Rule on Tire Tax

DALLAS — The Internal Revenue Service is aiming to settle a 59-year argument over how to treat tractor and trailer tires on trucking company tax returns by the end of November, according to an IRS manager speaking to an industry group.

Jonathan S. Reiskin | Associate News Editor
October 5, 2001

ATA Economist Costello Sees Recession Taking Hold

DALLAS — The attack of Sept. 11 almost certainly will send a weak national economy into a recession, but how long it will last depends on whether American businesses and consumers adopt a “bunker mentality,” according to Bob Costello, chief economist for American Trucking Association.

Jonathan S. Reiskin | Associate News Editor
October 1, 2001

NAFC Meets to Focus on Economy, Border Trade

Trucking company financial managers will meet in Dallas Sept. 23-25 for fall committee meetings and presentations of American Trucking Associations’ National Accounting and Finance Council.

Jonathan S. Reiskin | Associate News Editor
September 20, 2001

ATA Officials Escape Inferno

Through blood, dust and broken chandeliers, economists Bob Costello and Diego Saltes fought their way out of the World Trade Center complex on Sept. 11 and eventually back to their offices at American Trucking Associations, just miles away from the smoldering Pentagon.

Jonathan S. Reiskin | Associate News Editor
September 18, 2001

Analysts Concerned Terrorist Attacks Could Push Nation Into Full Recession

While last week’s terrorist attacks triggered tremendous short-term dislocations of U.S. freight systems, trucking activity will suffer much more if the events of last week push the broad U.S. economy into a hard recession as many analysts now fear.

Jonathan S. Reiskin | Associate News Editor
September 17, 2001

McCormick Backing Off Plans to Buy Trism

The restructuring of Trism Inc. into a truckload carrier specializing in hazardous freight has caused Edward L. McCormick, the company’s former chairman and chief executive, to retreat from his plan to purchase a controlling interest in the firm.

Jonathan S. Reiskin | Associate News Editor
August 30, 2001

Postal Service to Maintain Emery Contract Until Aug. 26

A vice president of the U.S. Postal Service said Monday that Emery Worldwide will continue to be responsible for moving Express Mail until its contract terminates Aug. 26.

Jonathan S. Reiskin | Associate News Editor
August 14, 2001