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Navistar Investors Push Board to Sell Company
A group representing investors who hold about 30% of Navistar International Corp.’s 59 million outstanding stock shares told the firm’s directors to sell the company if that is the only way to avoid ending up a wallflower in the current round of industry consolidations.
August 2, 2000For Trucking, 1999 Was The Year of the Internet
The huge digital finger on Yellow Corp.’s annual report to shareholders makes a perfect point about the state of trucking in 1999: It was the year of the Internet.
August 2, 2000Ontario Court Blocks Random Drug Testing
Requiring employees to submit to random drug tests is an invasion of privacy, a provincial court in Ontario, Canada, has ruled.
August 2, 2000Congress May Pass Tax Break For Rail, Barges
Congress is considering giving railroads a tax break, but the industry doesn’t like the way it is being accomplished.
August 2, 2000BNSF, CN Derail Merger Plan
The chief executive officers of Burlington Northern Santa Fe and Canadian National railroads announced they are dropping their seven-month-old plans to create the biggest railroad on the continent. The announcement came after a federal court upheld the Surface Transportation Board’s moratorium on rail mergers.
August 2, 2000DOT Rapped for Backlog of Unfinished Rules
The Department of Transportation and its divisions are doing a poor job meeting deadlines for new rules with the Office of the Secretary the slowest of all, taking an average of 6.6 years to complete action on rulemakings, said Rep. James Oberstar (D-Minn.).
August 2, 2000Freightliner Tests Fuel Cells For Comfort Factor
To stay comfortable and entertained, drivers often spend their nights in their cabs as the engines continue to rumble while the trucks do not move.
August 2, 2000Calif. Agencies Duke It Out Over Sulfur
California truckers are caught in the middle of political test of wills between the state’s two most powerful air quality agencies over diesel sulfur levels.
August 2, 2000Driver Claims Overnite Tried to Frame Union Sympathizers
A former driver for Overnite Transportation Co. said he was paid $10,000 to damage company property and falsely accuse union sympathizers so they would be fired.
August 2, 2000Teamsters, UAW Still Undecided on Endorsement
The International Brotherhood of Teamsters is surveying its 1.5 million members to determine if they want to endorse anyone for president this November.
August 2, 2000