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TRUCKING INDUSTRY NEWS * USA
* Midwestern trucking firm ends 20-yr. run
Aurora,ILL,USA -Fleet Owner, by David Cullen -Apr 24, 2009: -- Mid-States Express, an Aurora- IL, based regional carrier, has closed its doors after 20 years in business. The company said it had provided LTL and TL services throughout 11 Midwestern states and was founded by the Hartmann family, which has been in the trucking business since 1948... According to the NewRichmondNews.com, Mid-States is currently in U.S. Bankruptcy Court for the Northern District of Illinois, having filed for Chapter 11 protection. The news item noted that "Former employees of the company across the country lament they haven't been paid their earned wages"...* Saia loses $6.3M on low demand, pricing pressure
Johns Creek,GA,USA -Associated Press/Forbes -24 April 2009: -- Trucking company Saia Inc. said it lost $6.3 million in the first quarter as shipping tonnage and pricing pressure more than offset savings from cheaper fuel... The company's revenue fell 17 percent to $206.1 million, from $249.3 million a year ago... Analysts surveyed by Thomson Reuters were expecting a loss of 6 cents per share on revenue of $219 million... SAIA said its less-than-truckload yield was down 8.9 percent because of the decline in fuel surcharges...Labels: trucking industry news USA
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