Trucking IPO Will Net Schneider Family $230 Million
Members of the Schneider family will get about $230 million from the sale of stock in the Green Bay, Wisconsin, trucking company that bears their name, a document filed March 24 with securities regulators shows.
Aggressive Acquisitions Fed Roadrunner Woes
Not long ago, Roadrunner Transportation Systems was speeding down the growth highway.
Roadrunner Reduces Delivery Times
Facing declining revenue and operating profits, the less-than-truckload wing of Cudahy, Wisconsin-based Roadrunner Transportation Systems Inc. has cut transit time for about a fifth of its freight by an average of 20%, an executive said Jan. 26.
Roadrunner Rebrands Logistics Wing
Roadrunner Transportation Systems Inc. has rebranded its logistics business as Ascent Global Logistics, the trucking company announced Jan. 25.
Family May Be Driving Schneider IPO
Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.
Trucking Firms Find Success, Challenges With Driver Cameras
A growing number of carriers are outfitting their trucks with dual-lens cameras that simultaneously capture video of the road ahead and the driver at the wheel.
Schneider Truck Driver Wins National Award for 51 Years of Safety on the Road
Bob Wyatt, Schneider's most-decorated and longest-tenured driver, won the 2016 International Driver Excellence Award from the Commercial Vehicle Safety Alliance.
Financial Woes of Teamsters' Central States Pension Fund Hurt Employers, Too
The 225,000 people facing possible cuts in their retirement benefits are the most numerous and visible victims of the Central States Pension Fund troubles. But the fund's deep financial woes also have left hundreds of companies with large potential liabilities, essentially because they have survived where others failed.