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TRUCKING INDUSTRY * USA
* Fitch sees weaker demand for freight transportation in 2008
USA -CCJ -14 Dec 2007: -- Fitch Ratings says it sees a difficult 2008 for the freight transportation industry in the United States, at least for the first half, after three years of strong demand growth that led to higher volumes and pricing power for both the trucking and railroad industries... The ratings agency says the expected rise in demand in the second half of 2007 did not materialize and the forecasted slow U.S. growth will continue to weigh on the financial performance of the trucking and railroad industries, blunting demand growth and restraining pricing...
* YRC Worldwide and Teamsters Reach Tentative Agreement on New Five-Year Contract
Overland Park,Kan,USA -PRNewswire-FirstCall -Dec. 13, 2007: -- YRC Worldwide Inc. announced today that its TMI member subsidiaries have reached a tentative agreement with the International Brotherhood of Teamsters (IBT) on a new five-year labor contract covering most dockworkers, drivers and certain other union employees. The present National Master Freight Agreement (NMFA) expires March 31, 2008...
* Ryder to buy back up to $300 mln shares
Miami,FL,USA -Reuters (Bangalore), by Esha Dey -Dec 13, 2007: -- Truck leasing and logistics company Ryder System Inc., said it would buy back up to $300 million of common shares to adjust its leverage target... The company said it would additionally buy back up to two million common shares to mitigate the dilutive impact of its various employee stock option and employee stock purchase plans...
* USA Truck takes good with bad
Van Buren, AR,USA -Fleet Owner -Dec 13, 2007: -- The renewal of USA Truck’s certification of conformance to the International Organization for Standardization (ISO) 9001:2000 quality marker is being tempered by its recent loss of a court case that will end up costing the truckload carrier $4.6 million... The carrier said the ISO 9001:2000 standard provides a source of consistency and continual improvement for its key business processes, with its certification – first gained in 2004 – covering its general offices located in Van Buren, AR, along with fleet maintenance facilities located in Van Buren and West Memphis, AR; Shreveport, LA; Vandalia, OH; Roanoke, VA; Bethel, PA; and Spartanburg, SC...
* Danny Herman Trucking, Inc. Successfully Completes ISO 9001:2000 Audit Mountain City,TN,USA -Truck.Net News -13 Dec 2007: -- Danny Herman Trucking, Inc., a leader in the trucking industry, providing quality truckload and logistics services to domestic and international markets announced successful completion of its annual ISO 9001:2000 Quality Management System (QMS) audit...
* Arsenault, U.S. Bank Voyager join forces
USA -Fleet Owner -Dec 13, 2007: -- Arsenault Associates and U.S. Bank Voyager Fleet Systems have joined forces to offer Arsenault’s Dossier fleet customers the Dossier Fleet Card, a new fleet fuel and maintenance purchasing program that is accepted at over 200,000 locations, the company said...
* ODFL buying Southwest carrier's assets
Thomasville,NC,USA -The Dispatch On Line -December 12. 2007: -- Thomasville-based Old Dominion Freight Line Inc. announced Tuesday it has signed a definitive agreement to purchase selected assets of Denver, Colo.-based Bullocks Express Transportation Inc... Bullocks Express generates annualized revenue of about $17 million through a network of eight service centers in Arizona, Colorado, New Mexico, Texas and Utah, ODFL said in a news release...
Labels: trucking industry news USA
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