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Gordon Buys Post Freight Assets
Gordon Trucking Inc. of Pacific, Wash., purchased the general freight assets of Post Trucking in nearby Sumner.
April 13, 1999Apollo Buys Stacktrain Business
Apollo Management, a New York investment firm that recently purchased a stake in Pacer International, an intermodal service provider based in Lafayette, Calif., has agreed to pay more than $300 million for the North American stacktrain business of Neptune Orient Lines.
April 13, 1999GeoLogistics Realigns Freight Forwarding
GeoLogistics Corp. of Denver will restructure its GeoLogistics Americas freight forwarding business into domestic and international operating units, and realign its service offerings in the wake of operating losses in 1998.
April 13, 1999Trimac Expands Logistics Unit With Purchase
Trimac Corp. of Calgary, Alberta, has acquired a transportation consulting firm in Florida and will merge it with its current logistics unit.
April 13, 1999Forward Air to Sell 3 Million Shares
Forward Air Corp., Greeneville, Tenn., announced plans to offer 3 million shares of common stock to the public.
April 13, 1999Fuel Prices Near Surcharge Level
TT File PhotoDiesel prices continued to rise last week, making a leap of about 3 cents a gallon, and are closing in on thresholds that may trigger fuel surcharges in freight contracts. Though most companies have shied away from invoking the fee, that may not be the case for long.
April 11, 1999Truckers Again Jam Major British Cities in Protest Against Taxes
Hundreds of trucks jammed London's Park Lane and centers of seven other major cities Monday in a traffic-snarling protest against higher taxes on diesel fuel and heavy vehicle licenses.
April 11, 1999Nasstrac Backs the Drive to Raise Limits on Truck Size and Weight
The National Small Shipments Traffic Conference is stepping into the truck size and weight fray and trying to build a cooperative, rather than antagonistic, relationship with trucking.
April 11, 1999Drivers Have High Profile at NTSB
For the Chinese, 1999 is the year of the rabbit. For the National Transportation Safety Board, this is the year of heavy vehicle safety.
April 11, 1999Freightliner Workers to Get Bonuses
Non-union employees of Freightliner Corp. will each receive a $1,000 bonus as well as a raise, the company announced April 1.
April 11, 1999