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Rumored CF-Yellow Deal Falls Through
Is another big-time merger among less-than-truckload carriers in the offing.
December 22, 1998Court Blocks Slain Trucker's Benefits
The North Carolina Court of Appeals ruled that the family of a truck driver who was killed while trying to stop a robbery at a rest stop is not entitled to worker’s compensation benefits.
December 22, 1998Slater Counters Claybrook
The Department of Transportation is responding to criticism from safety groups that the Federal Highway Administration is not adequately handling truck safety.
December 22, 1998Shippers Ask STB for Help
Captive rail shippers pleaded with the Surface Transportation Board last week to “restore and enhance†competition in the Houston and Gulf Coast areas by granting other railroads access to Union Pacific lines and allowing some customers to build links to other carriers.
December 22, 1998Postal Service Modernization
Congress is expected to try again next year to update the nation’s postal laws, but any changes will likely be far from the privatization efforts that have taken hold in Europe.
December 22, 1998ATA Merges IT, Logistics Councils
American Trucking Associations last week announced the merging of its Logistics and Information Technology councils.
December 22, 1998German Post Office Bids for Danzas
The state-owned German post office, Deutsche Post AG, has launched a $1.1 billion bid to acquire Danzas, the Swiss-based international transport and logistics company. The Danzas board of directors met Dec. 10 and recommended that shareholders accept the offer, which will begin officially in mid-January.
December 22, 1998Xtra Terminates Talks, Offers to Buy Back Stock
Xtra Corp. ended merger discussions with Apollo Management and Interpool Inc. and said it intends to remain an independent public company.
December 22, 1998Opinion: Oil Price Outlook
Diesel, gasoline and oil prices are at very low levels, and there appears to be little concern within trucking that this will change drastically in the near term. At the recent Oil & Money Conference conducted by the Energy Intelligence Group, executives and analysts within the oil industry seemed to concur with this assessment. Most speakers at the conference believe the price of oil will probably bounce around its current levels, at least for the next few months, and perhaps even longer.
December 22, 1998DOT Carrier Safety Programs Under Internal Review
The Department of Transportation’s inspector general has launched a sweeping review of the federal motor carrier safety program in response to congressional requests.
December 22, 1998