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TRUCKING INDUSTRY * USA - Biggest U.S. trucker battling economy's headwinds
Holland,MI,USA -Reuters/Yahoo News, by Nick Carey Sun -4 Nov 2007: -- Like other U.S. trucking companies, YRC has seen weak demand since the third quarter of 2006, driven by weak auto sales, the housing sector slowdown and lackluster retail sales... But company officials say business in USF's four core states -- Ohio, Indiana, Illinois and Michigan -- has been hit harder than elsewhere due to struggling automakers... But analysts like Morningstar's Keith Schoonmaker said with 1,000 facilities, YRC has excess capacity. Trimming that network and cutting a deal with its unions -- negotiations on a new contract are under way now -- on more flexible work rules could be just what the company needs to be more competitive...
* Con-way Freight set to grow in Illinois
Lasalle and Rockford,ILL,USA -Logistics Management (Newton,MA) -7 Nov 2007: -- Less-than-truckload freight transportation services provider Con-way Freight said this week it is boosting its capacity in Northern Illinois by building two new facilities in LaSalle and Cherry Valley... In LaSalle, Con-way broke ground this week on a 220-door Freight Assembly Center, and in Cherry Valley it is building a 110-door local operating location... Con-way said in a statement that these new facilities represent a local investment of more than $27.5 million and explained that the impetus for these locations is due to expansion as growing freight volumes were surpassing capacity at its current locations...
Labels: trucking industry news USA
posted by Unknown @ 5:15 AM
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