Transportation News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Inspection Uniformity Studied
The Illinois State Police and the Northwestern University Traffic Institute are using a federal grant to study the uniformity of roadside truck safety inspections.
December 7, 1998Xtra, Celadon Cancel Mergers With Investors
Problems with financing forced the cancellation of two major transportation buyouts: Xtra Corp.’s purchase by Apollo Management; and Celadon Group’s acquisition by Odyssey Investment Partners. tra, a major lessor of over-the-road trailers, marine containers and intermodal equipment, terminated its merger agreement with Apollo, a New York-based investment firm, and Interpool Inc., an ocean container leasing company, on Nov. 25.
December 7, 1998Volvo to Lay Off 5,300 Workers
AB Volvo has decided to cut 5,300 jobs worldwide, including about 1,000 in North America, according to Stefan Lorentzson, spokesman for subsidiary Volvo Truck Corp.
December 7, 1998Phooey on Both Houses?
For weeks now, we’ve been hearing from certain quarters that the way to improve trucking safety is to transfer federal oversight from the Federal Highway Administration to the National Highway Traffic Safety Administration.
December 7, 1998Trucking Not on Trustbusters’ List
No one in trucking has to be convinced that there’s plenty of competition today.
December 7, 1998Capitol Christmas Tree Arrives by (What Else?) Truck
In Washington, D.C., the arrival of the Capitol Christmas tree is a traditional reminder that the clock is ticking on holiday shopping.
December 7, 1998Nebraska Truckers Are Not Always What You Think
Television and radio channel surfers in Nebraska last week caught the first wave of an advertising campaign created by the Nebraska Motor Carriers Assn. to improve the industry’s image.
December 7, 1998Euro Truckers Get Swiss Tansit Rights - At a Price
The European Union’s Ministers of Transport Committee, meeting in Brussels Dec. 1, accepted a deal that allows EU-registered trucks transit rights through Switzerland, but at a very high price for road transport.
December 7, 1998Hoffa Wins Teamsters Election
James P. Hoffa, son of one of the most famous union leaders in the history of organized labor, will hold a press conference today following his presumed victory over Tom Leedham to become president of the Teamsters union.
December 7, 1998Committee Resumes Shuster Probe
House investigators are reviving their probe into Rep. Bud Shuster (R-Pa.), the House Transportation Committee chairman under fire for his dealings with a lobbyist friend.
December 7, 1998Trending
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