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Three Package Carriers Make Major Changes
Three of the nation鈥檚 major package couriers behind United Parcel Service and FedEx Corp. have instituted major changes of ownership, stock exchange listing and corporate organization.
January 31, 2001STB Issues Final Undercharge Ruling
The Surface Transportation Board issued its final ruling in a series of undercharge cases that had their roots in the economic deregulation of trucking in 1980 and once threatened to transfer $27 billion from the nation鈥檚 shippers into the estates of bankrupt motor carriers.
January 31, 2001Calif. Ag Haulers Squeezed by Electricity Crisis
California agricultural haulers, farmers and food processors are up to their ears in broccoli these days.
January 31, 2001Appellate Court Upholds N.Y. Thruway Fuel-Use Tax
New York鈥檚 fuel-use tax does not violate the Commerce Clause of the U.S. Constitution when it is imposed on the New York State Thruway, a state appellate court said, upholding a lower court ruling.
January 31, 2001OTR Express Predicts Losses for Two Quarters
In a somber news release that echoed four issued previously, OTR Express Inc., a nationwide truckload dry van carrier, predicted net losses for the fourth quarter of 2000 and the first quarter of 2001.
January 31, 2001Yellow Corp. Orders Layoffs, Cites Economy
A softening economy slathered on top of the traditionally slow winter season prompted less-than-truckload carrier Yellow Corp. to lay off 75 full- ime, salaried personnel Jan. 12, according to a company spokesman.
January 31, 2001EGL Says Merger Causes Lower Earnings, Layoffs
Eagle Global Logistics, the strongly profitable Houston-based freight forwarder owned by EGL Inc., last week acknowledged difficulties that will cause it to take about $90 million in pre-tax charges against earnings and to lay off 300 employees.
January 31, 2001Editorial: Looking Forward to Norm Mineta at DOT
Testimony from Norman Y. Mineta during his confirmation hearing last week before a Senate panel on his appointment as President Bush鈥檚 transportation secretary contained much welcome news for trucking.
January 31, 2001Opinion: In Defense of Towing Company Billing Practices
鈥淚鈥檝e been cheated!,鈥 鈥淎dd it up again!,鈥 鈥淲hat a rip-off!鈥 More complaining from disgruntled Democrats? No, those are remarks frequently attributed to trucking company executives referring to towing and storage bills on accident recoveries.
January 31, 2001Towing Officials Say Their Bills Often Reflect Exceptional Costs
Some towing operators will tell you that one reason they have to raise their rates is because trucking is getting safer. There are fewer truck crashes, they say, but towing鈥檚 overhead is only going up.
January 31, 2001