Swift Transportation Co. founder Jerry Moyes said Thursday he has completed his $2.5 billion takeover of the truckload carrier.
May 11, 2007Search
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Firms Seek to Replace Pension Funds
NEW YORK 鈥 The top executive at Arkansas Best Corp. said he expects to offer his fleet鈥檚 unionized employees a less-costly pension benefit plan and withdraw from the current Teamsters multi-employer funds.
May 14, 2007Fleets Grow as Freight Falls
NEW YORK 鈥 The decline in freight volume this year and the number of heavy-duty trucks purchased last year during the 鈥減re-buy鈥 were both markedly bigger than analysts thought, leading to too many trucks chasing too little business.
May 14, 2007Bush Outlines Emissions-Reduction Plan
President Bush on Monday ordered U.S. government agencies to begin taking regulatory steps to curb vehicle emissions and urged Congress to enact legislation to reduce U.S. dependence on foreign oil.
May 14, 2007Feds Probing Oil-Trading Practices
Federal regulators are looking into possible manipulation of crude oil prices by after-hours trading practices, the Wall Street Journal reported Thursday.
May 10, 2007Safety & Security Briefs
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Interpool鈥檚 1Q Income Falls
Interpool Inc., a maker of shipping containers and chassis for intermodal container transportation, reported its first-quarter net income declined from a year ago.
May 9, 2007Senator Seeks Stricter Rules for Hazmat Drivers
Sen. Barbara Boxer (D-Calif.) has asked the Department of 爱豆传媒land Security to come up with stronger guidelines for truckers who transport gasoline and other hazardous materials, the Associated Press reported.
May 9, 2007Quality Reports 1Q Loss
Tank truck carrier Quality Distribution reported a first-quarter loss of $95,000 or zero cents a share, compared with earning $4.5 million or 23 cents a year ago.
May 8, 2007Atlas Air Turns 1Q Profit
Air cargo company Atlas Air Worldwide Holdings said it earned $6.2 million or 29 cents a share in the first quarter, turning around a loss of $3.7 million or 18 cents a year ago.
May 8, 2007