P.A.M. to Acquire Decker Assets

P.A.M. Transportation Services, Tontitown, Ark., agreed to acquire assets of Decker Transport of Riverdale, N.J., for an undisclosed amount of cash.

The deal is subject to completion of a due diligence investigation and certain regulatory approvals.

Decker is a truckload carrier with revenue of about $48 million in 1997.

"We believe this acquisition will provide a number of synergies and also provide a more diverse customer base to complement our dedicated business," P.A.M. President Robert W. Weaver said.

Transportation Components Inc. Moves to Consolidate Parts Business

Transportation Components Inc., Houston, acquired three companies as part of its strategy to consolidate the heavy-duty truck parts industry.

The company is negotiating to buy five more parts firms.

Joining TransCom USA are: Fleet Products, Tampa, Fla.; Brake Service and Equipment Co., Miami; and Hicks Enterprises, Commerce, Calif. The company earlier announced the acquisition of Parts Pacific in South Gate, Calif.

Chairman T. Michael Young said the new operations will strengthen TransCom USA's presence in two important geographic markets.

Jubitz Corp. Names Executive VP

PORTLAND, Ore. — Jubitz Corp. promoted Larry Bauman to executive vice president of its Jubitz Truck Stop and Jubitz Tire & Retreading divisions. He will be responsible for strategic planning for both units.

Mr. Bauman had been manager of Jubitz's data and telecommunications systems North Complex since 1993 and developed and implemented the data transfer SmartStop and DriveLine Calling Cards.

New York Sets Up Smoke Testing

New York becomes the 15th state to authorize smoke testing for heavy vehicles, with roadside and annual inspections set to begin next year.

Gov. George Pataki last Thursday signed a law requiring annual emissions test for diesel-powered trucks and buses of 8,500 pounds or more that operate in New York City, Long Island, or Rockland and Westchester counties. Units that fail that fail will have to be repaired, but fines will not be issued.

Con-Way Makes Two Key Moves

Con-Way Transportation Services announced the relocation of its corporate headquarters to Ann Arbor, Mich., from Palo Alto, Calif.

The move is expected to improve communications and allow for easier travel for corporate employees. The new location is within one time zone of 92% of Con-Way's customers and 84% of its service centers.

Separately, Con-Way launched a new business, Con-Way Integrated Services, to provide single-source supply chain management services, including warehousing, inventory control and multi-modal transportation.

Fall Ushers in Chain Season

It's time to gear up for another winter in the Rocky Mountains.

The Colorado Motor Carriers Assn. reminds truckers that it is time to start carrying chains or cables. Failure to do so could result not only in being stuck in the snow, but hefty penalties, too.

Colorado's chain requirement is backed by a $100 fine. And if a stuck truck blocks a roadway, the driver can be fined up to $500 and assessed four points on his commercial license.

House Clears Budget Bill

WASHINGTON — The House last night approved the $500 billion funding package that will keep the federal government going until next October. Now it's the Senate's turn.

Lawmakers and special interests are still poring through the 4,000 pages of language largely written by congressional staffers to dig out the fine details of the deal. It may be days before all the implications are fully understood.

Truck Sales Still Strong

Chalk up another huge month for Class 8 truck manufacturers.

They sold 18,332 trucks in the U.S. retail market in September 1998, up 20.2% from September 1997, according to data from the American Automobile Manufacturers Assn.

For the year-to-date, the industry has moved 151,796 Class 8s — 18.5% more than last year.

When Is Intermodal a Good Way to Go?

Is intermodal worth the risk?

“What risk?” protested two railroaders on a panel of logisticians discussing truck-rail movement of containers and piggyback trailers.

Almost no risk, responded two users of rail service, who said that all the horror stories you may have heard are out of date.

To be sure, the best service is found in the high-volume lanes, while in many other lanes there is no service at all. Railroads need volume and long distance to make their services pay, and their users know it.

Current Market, Stock Buybacks Go Together

Publicly owned transportation and logistics companies are taking advantage of the current stock market downturn to repurchase their stock at bargain prices.

The buybacks also improve the companies’ per-share earnings figures by decreasing the number of shares outstanding.

Some of the latest announcements include:

  • Swift Transportation Co., Phoenix, repurchased 500,000 shares at an average $17.44

    share and pledged to buy another 500,000 shares before March 31, 1999.

  • Illinois CDL Probe Deepens

    A federal investigation into the bribery scandal involving Chicago-area licensing facilities is spreading.

    Agents with the Federal Bureau of Investigation are now looking into whether those involved in the scam funneled tens of thousands of dollars into the campaign fund of the man who controls the facilities, Secretary of State George Ryan.

    Mr. Ryan also is the Republican candidate for governor of Illinois.

    Murder Suspect Sought by Police

    The Alabama Bureau of Investigation says a man wanted for murder may be hiding out at truck stops near the Alabama-Mississippi border and may try to solicit rides from truck drivers.

    Police say Mario Centobie, 32, was seen at a truck stop near Oxford, Ala., Oct. 9 following his escape from Etowah County jail in Gadsden, Miss.

    State Sues Fleet for Highway Damage

    The Pennsylvania Department of Transportation is suing a trucking company to recover the $2.7 million damage caused to a section of Interstate 95 by a gasoline tanker crash.

    The suit was filed in Delaware County Court against the estate of driver Keith Thomas and his employer, Samuel Coraluzzo Co. of Vineland, N.J. It charges that negligence and carelessness caused the Memorial Day weekend accident that resulted in the deaths of Mr. Thomas and another motorist.

    FDX Forms New Logistics Unit

    MEMPHIS, Tenn. — FDX Corp. named Joseph C. McCarty chief executive officer of FDX Global Logistics, a new organization that will include Caliber Logistics. He also will serve as CEO of Caliber Logistics.

    Mr. McCarty had been chief administrative officer of FDX, the parent of Federal Express Corp. and the former subsidiaries of Caliber System: RPS Inc., Roberts Express, Viking Freight and Caliber Logistics.

    Thomas I. Escott, president of Hudson, Ohio-based Caliber Logistics, will become president of the North American operation of FDX Global Logistics.

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