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TRUCKING INDUSTRY NEWS * USA
*Tennessee - FedEx Reports Lower 2Q Profit
Memphis,TN,USA -Transport Topics -19 Dec 2012: -- FedEx Corp. said Wednesday its second-quarter profit at its less-than-truckload freight unit almost doubled... Net earnings fell to $438 million, or $1.39 per share, from $497 million, or $1.57, a year ago... Revenue for the quarter ended Nov. 30 rose 5% to $11.1 billion. The earnings were within range of the company’s projected $1.30 to $1.45 per share...
* North Carolina - Judge denies class action status in lawsuit against trucking company
Raleigh,NC,USA -Fleet Owner, by Deborah Whistler -Dec. 27, 2012: -- A North Carolina judge has decertified a class action lawsuit against CEVA Freight. The suit alleged the trucking company was underpaying some 2,000 drivers across the nation... U.S. District Court Judge, Frank D. Whitney, had certified the class in January 2011, but depositions taken since then show that many of the drivers negotiated individual contracts with the carrier. Whitney cited the Supreme Court decision in Wal-Mart vs. Dukes in his decision to decertify the class because it lacked the commonality necessary for a class-action suit, according to a Business and Management Daily report... Unless the drivers’ attorneys can win certification on appeal, the individual drivers will have to pursue remedies individually. As a practical matter, many will not because their individual circumstances will not entice a lawyer to represent them, the report explained...
posted by Unknown @ 12:23 PM
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