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TRUCKING INDUSTRY * USA
* Arizona trucking companies honored
AZ,USA -AZ Central.com/The Arizona Republic, by Betty Beard -Oct. 30, 2007: -- Both Swift Transportation Co. Inc and Knight Transportation Co. Inc were among 34 companies that recently received SmartWay Excellence Awards from the Environmental Protection Agency for saving fuel and reducing vehicle emissions... The SmartWay program was started by EPA and businesses in 2004 to reduce fuel use, greenhouse gas emissions and air pollutants from freight businesses... More than 600 businesses and organizations have joined the partnership and are eligible for the annual award...
* Key Principal invests in trucking company
Cleveland,OH,USA -Crain's Cleveland Business - October 30, 2007: -- Private equity firm Key Principal Partners has invested $40 million in the subordinated debt of Western Express Inc. to facilitate the trucking company’s acquisition of Smithway Motor Xpress... Key Principal Partners said Western Express is a truckload carrier founded in 1991 by Wayne Wise. The company has grown to become a top-15 truckload carrier in the United States through a combination of internal growth and acquisitions. Smithway Motor Xpress, based in Fort Dodge, Iowa, is a flatbed and van truckload carrier that serves customers primarily in the building materials, steel and heavy equipment industries...
* NMFTA rolls out new classification procedures and organizational structure
ALEXANDRIA,Va,USA -Logistic Management, by Jeff Berman -30 Oct 2007: -- The National Motor Freight Traffic Association Inc. (NMFTA) said last week that its membership has voted to adopt a new organizational structure and set of operating procedures... The organization said this vote is in response to a ruling made last May by the Surface Transportation Board which officially terminated approval of the agreement of the National Classification Committee, which is also considered a motor carrier bureau, and stripped it of its Section 5a antitrust immunity and also ceased the practice of collective ratemaking... Along with the new classification procedures, the NMFTA said it has established two new organizations to implement the procedures: the Classification Resource Committee (CRC) and the Commodity Classification Standards Board (CCSB)... Joel Ringer, CCSB chairman, also pointed out that the criteria and principles behind the classification to determine the relative transportability to of everything that moves in commerce and put into one of 18 classes—density, stowability, handling, and liability—will not change...
* Bill Davis Trucking seeks bankruptcy protection
Batesville,Ark,USA - Sporting News NASCAR Wire Service, by Reid Spencer -October 30, 2007: -- Bill Davis Trucking Inc., owned by NASCAR team owner Bill Davis, has filed for Chapter 11 bankruptcy protection, the Arkansas Democrat reported Tuesday... A meeting with creditors of Bill Davis Trucking is scheduled for Dec. 18, according to an Oct. 22 filing in the U.S. Bankruptcy Court for the Eastern District Arkansas in Batesville, the paper reported...
* Norris Trucking Scales Down After 52 Years In Business
Barton,VT,USA -The Caledonian Record, by TENA STARR -October 30, 2007: -- More than half a century ago, Ulric "Chink" Norris of Sutton started a tiny trucking business hauling gravel with a single 1951 dump truck... Last week, six dump trucks hit the auction block, as well as excavators, graders, bulldozers, trailers, forklifts and plows - literally tons of equipment... Vehicles from Maine, Massachusetts, Connecticut, New Hampshire and all over Vermont lined the South Barton Road for Saturday's sale at Norris Paving and Trucking... At 75 years old, and with serious health problems, Norris decided it was time to sell and "retire"... It's a decision that was necessary but one he still has mixed feelings about...
Labels: trucking industry news USA
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