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TRUCKING INDUSTRY NEWS * USA & Canada
* Canada - Schenker puts courier outfit on the roadMississauga,Ont,CAN -Today's Trucking -1 Oct 2007: -- Canada's second largest logistics company has launched a new courier division... Schenker's new courier division compliments the company's growing suite of solutions for its customers. Combined with its strong credentials and partnership with Canada's leading courier companies, which facilitate end-delivery, Schenker will provide a complete door-to-door transportation and logistics service... With the recent integration of BAX Global now complete, Schenker provides solutions for skid and package shipments...
* USA - U.S. Xpress committee neutral on buyout offer
USA -eTrucker -1 Oct 2007: -- U.S. Xpress Enterprises announced Sept. 26 that a special committee, composed of three disinterested members of the company's board of directors, is expressing no opinion and remaining neutral on the tender offer by two of the company's executives... The committee is urging the company's stockholders to make their own decisions on whether to accept the offer... Mountain Lake Acquisition, an entity formed by Patrick E. Quinn and Max L. Fuller, has offered to purchase for cash all outstanding shares of U.S. Xpress' Class A common stock, other than those the two already own, for $20.10 per share...
* Canada - Transport group strengthens western operations
Brampton,Ont,CAN -Truck News, by Steven Macleod -1 Octo 2007: -- In a strategic move designed to strengthen its operations across Canada, APPS Transport Group has taken over the terminal operations of Western Reload, an intermodal service provider based in Calgary...
* USA - FTR Associates predicts decline in truck tonne miles
Indianapolis,IND,USA -Truck News (CAN) -1 Oct. 2007: -- Freight forecasting and research firm FTR Associates has predicted truck tonne miles in the US will be down 2.2% this year and will increase only 0.7% next year... The company made the prediction at the recent Freight Transportation Conference ‘America’s Freight Transportation Through 2011.’... A panel featuring speakers from Con-Way and Celadon shed light on issues impacting trucking such as hours-of-service changes, the driver shortage and highway congestion...
posted by Unknown @ 7:11 PM
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