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TRUKING INDUSTRY NEWS * USA - Deregulation of the trucking industry consecuences
USA -Truckingboards Truck Drivers Forum -20 Aug 2008: -- Deregulation of the trucking industry in the form of the Motor Carrier Act of 1980 caused increased competition in the Less than a TruckLoad (LTL) industry... Non-union carriers quickly began taking advantage of their lower labor costs to gain market share... Most of the companies above were union carriers who were unable to compete, though a few were non-union carriers... The trend seems destined to continue until the LTL market is entirely composed of low cost non-union carriers...* Johnson plans to close trucking business
Louisville, KY,USA -The Business First of Louisville/San Antonio Business Journal (San Antonio,TX,USA) -August 18, 2008: -- On the heels of an $8.3 million lawsuit, a prominent Louisville businessman plans to close his trucking business... In a media advisory sent out Monday, Charlie Johnson, chairman and CEO of C.W. Johnson Xpress LLC, said he planned to hold a press conference tomorrow morning to discuss the closing of his business... On Aug. 12, the Branch Banking and Trust Co. sued Johnson, his company and other potential creditors of the company for $8.3 million that it says Johnson and/or the company owes on unpaid loans... According to the lawsuit filed in U.S. District Court in Louisville, the bank wants a restraining order issued against the company, preventing it from getting rid of the tractors/trailers that it owns and instead gathering them together at its terminal facilities on Cane Run Road...
* Penske Truck Leasing and City Harvest Team Up for First-Ever 'Green' Refrigerated Truck Fleet
New York,NY,USA -MarketWatch/PRNewswire via COMTEX -Aug 21, 2008: -- Today, Penske Truck Leasing and City Harvest announced the launch of an environmentally-friendly, refrigerated truck fleet. City Harvest, the world's first food rescue organization, dedicated to feeding New York City's hungry men, women and children, is the first Penske customer to commit to operate a fleet of state-of-the-art hybrid trucks... Penske will provide City Harvest with full-service truck leasing support for the hybrids. By the close of 2009, City Harvest plans to have converted its entire fleet of 16 trucks to full hybrid technology. City Harvest is now operating four International Truck and Engine Corporation 18-foot DuraStar Hybrid trucks to deliver food in New York...
Labels: trucking industry news USA
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