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UPS Uses Its Stock to Buy Fritz Cos. for $510 Million

United Parcel Service, the nation’s largest package-delivery company and No. 1 in the Transport Topics 100, this week increased its presence in the logistics industry and international trade by agreeing to purchase the Fritz Cos. for about $510 million, mostly in stock.

Jonathan S. Reiskin | Associate News Editor
January 17, 2001
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DOD to Approve Fuel Surcharge Plan

The Defense Department is slated to approve a new regime for paying fuel surcharges in late January that will then go into effect April 1, according to an official of the Military Traffic Management Command.

Jonathan S. Reiskin | Associate News Editor
January 17, 2001
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More Tough Times For Truckload Sector

The roster of players in the truckload sector of the industry will continue changing drastically this year, according to a survey of stock analysts who follow trucking.

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

DOD to Approve Fuel Surcharge Plan

The Defense Department is slated to approve a new regime for paying fuel surcharges in late January that will then go into effect April 1, according to an official of the Military Traffic Management Command.

Jonathan S. Reiskin | Associate News Editor
January 17, 2001
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Flatbed Hauler Intrenet Inc. Closes Trucking Operations

Intrenet Inc. — one of the nation’s largest flatbed operators and No. 52 on the Transport Topics 100 list — is closing up shop and shutting down its four trucking carriers..

Jonathan S. Reiskin | Associate News Editor
January 10, 2001
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Carrier Failures Reach Record, Fueled by Soaring Diesel Costs

Fueled by soaring diesel prices, the rate of bankruptcies in trucking hit a record high of 1,320 in the third quarter of 2000 and is likely to remain high through June, according to an updated study from a major investment brokerage.

Jonathan S. Reiskin | Associate News Editor
January 10, 2001
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Shuster Resigns From Congress

Less than 24 hours into his 15th term in the House of Representatives, Bud Shuster shocked his colleagues, constituents and the transportation world by resigning from the body that had been his professional home for 28 years.

Jonathan S. Reiskin | Associate News Editor
January 10, 2001

Year-End Mergers Ring the Street’s Bell

Two late-year merger announcements in trucking made a splash on Wall Street in 2000, a year marked otherwise by stagnant or falling stock prices due to concerns that high fuel costs and transportation equities are a bad mix.

Jonathan S. Reiskin | Associate News Editor
January 4, 2001
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Year-End Mergers Ring the Street’s Bell

Two late-year merger announcements in trucking made a splash on Wall Street in 2000, a year marked otherwise by stagnant or falling stock prices due to concerns that high fuel costs and transportation equities are a bad mix.

Jonathan S. Reiskin | Associate News Editor
January 3, 2001

Intrenet to Close Trucking Subsidiaries

The four trucking companies owned by Intrenet Inc. were told Tuesday morning they will be shut down as soon as possible consistent with an orderly liquidation.

Jonathan S. Reiskin | Associate News Editor
January 2, 2001