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Volvo Breaks Scania Merger Talks

Volvo AB has broken off merger talks with the main owner of rival Swedish truck and bus maker Scania.

February 23, 1999

Class 8 Truck Demand Rolls On

Truck sales remained strong through January, topping the previous figure for the month by more than 26% in the Class 8 category and fulfilling the predictions of some manufacturing executives.

February 23, 1999

Load-Matching Services Form Alliance

Online load-matching rivals DAT Services and Link Logistics will combine their databases to offer customers freight-matching information that covers the U.S. and Canada.

February 23, 1999

UPS Begins Billing in Euros

United Parcel Service says its decision to be the first express distribution company to offer customers billing in Europe’s new currency, the euro, is paying off.

February 23, 1999

Eastern Rails Keen on Intermodal

Railroad executives for CSX Intermodal and Norfolk Southern Corp. told investors that they see numerous opportunities in the eastern United States to coax freight off the highways.

February 23, 1999

Danzas Shareholders Give Stamp of Approval to $1.1 Billion Takeover

Danzas shareholders approved the $1.1 billion sale of their company to the German post office, Deutsche Post, creating one of the world’s largest freight transportation groups.

February 23, 1999

Fedex: Contingency Plans Cost $90M

FDX Corp., the parent of Federal Express, spent $90 million preparing for a pilots strike that never occurred, company officials said.

February 23, 1999

K.C. Freight Center Nearing Reality

The planned conversion of a Kansas City airport to an international freight center has cleared a major hurdle with City Council approval of leases for Kansas City Southern Railway.

February 23, 1999

ATA Board Approves $54.4 Million 'Investment' Budget

The board of directors of American Trucking Associations last week approved a $54.4 million budget for 1999 that includes a $2.9 million operating deficit to help pay for a 25% reduction in dues.

February 23, 1999