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TRUCKING INDUSTRY NEWS * USA & Canada
* USA - Alvan Motor Freight Closes Doors
Kalamazoo,Mich,USA -The Grand Rapids (Mich.) Press/Transport Topics -30 June 2008: -- Alvan Motor Freight has filed for Chapter 11 bankruptcy and gone out of business, reported Monday... The carrier, which began operations in 1941, employs 525 people in Michigan, Ohio, Indiana and Illinois, the paper said... Alvan has about 400 trucks and 800 trailers, according to American Trucking Associations’ fleet data... The company was hurt by a three-month strike at auto parts supplier American Axle, which was one of Alvan’s biggest customers, Alvan Chief Executive Officer James Van Zoeren said...
* Canada - Top carrier costs continue to eat away at operating margins
Ottawa,ONT,CAN -Truck News, by Lou Smyrlis -26 June 2008: -- The nation's largest for-hire motor carriers continued a worrisome trend in the fourth quarter of 2007 as the growth in their expenses exceeded that of revenue, according to a report released today by Statistics Canada... Canada's top motor carriers -- 97 Canadian-based trucking companies earning $25 million or more annually -- generated operating revenues of $2.6 billion and operating expenses of $2.4 billion in the fourth quarter...
Labels: trucking industry Canada
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