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TransFinancial Shareholder Critical of Buyout Proposal

A proposed buyout of TransFinancial Holdings by a group of its top executives has drawn criticism from a Massachusetts-based stockholder who said management’s offer of $6.03 a share is far below the net asset value of the company.

December 22, 1999
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Opinion: No Slack in Intermodal Trucking

Our image of the truck driver is a man behind the wheel. In recent years, it has become increasingly difficult to keep drivers behind the wheel as customers make drivers wait at shipping and receiving docks or handle freight themselves without compensation. Driver dissatisfaction is aggravating the already serious shortage of qualified drivers.

December 22, 1999
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Editorial: Truck Freight Rate Head Skyward

The chickens are coming home to roost, in the form of notable freight rate increases in he trucking industry, and especially from truckload carriers.

December 22, 1999
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Creature Comforts: Making Cabs That Fit Drivers

Vicki Carpenter started her career in late 1980s as a truck driver practically standing up in the cab, as she wedged a king-sized pillow behind her on a specially mounted seat so she could reach the pedals while strapped in safely and still have some support for her back.

December 22, 1999
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Truckers Oppose Maine Plan to Alter Turnpike Tolls

A group of state legislators and officials from the Portland area are studying a plan to eliminate exit tolls from the southern half of the Maine Turnpike and allow motorists to drive for free within regions.

December 22, 1999
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IDB Technology Seen as Key to Integrating Systems

The use of Intelligent Data Bus technology to make electronic systems in trucks more efficient and less costly doesn’t appear to be far off, but several hurdles remain.

December 22, 1999
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When Electric Vehicles Ruled the Road

In the late 19th century, as today, many people thought that technology would solve mankind’s problems. This was the era when electricity became a modern power — the first electric motors were developed by such men as Elihu Thompson, Nikola Tesla, Thomas Edison and Hiram Maxim, who became better-known for developing the machine gun.

December 22, 1999
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Trailer Shipments for Year Forecast to Top 1998 Record

Trailer shipments in 1999 will reach about 302,000, topping the record set in 1998 by almost 8%, according to a survey.

December 22, 1999
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Class 8s Continue Mighty Showing

Sales of Class 8 trucks through November remained strong despite reports of falling orders in October that led one manufacturer to lay off workers recently. The 11-month total for 1999 hit 238,489, crushing the record of 209,483 set in 1998 and keeping pace to reach 260,000 for the year.

December 22, 1999
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Union Takes Additional Actions Against Overnite Transportation

As the Teamsters’ strike against Overnite Transportation Co. lumbered into its eighth week, union organizers launched two new offensives designed to keep pressure on their adversary.

December 22, 1999