A.M. Executive Briefing - Aug. 7
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Bridgestone Shares Drop In Tokyo After Sears Halts Sales
After Sears said it would halt sales of some Bridgestone tires, shares in the Japanese tire maker dropped 9% to 2,230 yen Monday, Reuters reported.Sears announced it would stop selling Bridgestone Firestone's ATX, ATX II and Wilderness tires after the National Highway Traffic Safety Administration began investigating whether those tires were in any way responsible for several fatal accidents, the article said.
Sears told the Associated Press when it announced the halt on sales that it was indefinite. The NHTSA is investigating the tires after receiving almost 200 complaints of Firestone tires peeling off their casings, the AP said. Transport Topics
Express Distributor TNT Opens New Hub At John F. Kennedy International Airport
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The company's newest North American hub is 20% larger than its previous hub, and allowed the global express distributor to consolidate import and export operations at JFK.
TNT, which provides international services for United States companies, also has U.S. gateways in Miami and Los Angeles. Transport Topics
Police and Truckers Square Off In Indiana Over Where To Get Rest
A lack of parking spots at Indiana rest stops leaves truck drivers with few choices; many are parking illegally at roadsides or driving over the hours-of-service limit, getting them in trouble with state police, the Associated Press reported recently.An Indiana State police officer told the AP that she understood why drivers do this, but the police still have to enforce the law. The Indiana Department of Transportation has identified lack of rest areas for truckers as a concern and opened more rest areas last year, but currently has no plans for expansion, the article said.
In July, Michigan State Police officials announced they wanted to open six of its weigh stations as rest areas to help with the same problem in their state. Transport Topics
Williams Industries Takes Majority Ownership of Delaware Steel Maker
Falls Church, Va.-based Williams Industries, Inc. announced Monday it has acquired more than 50% interest in specialty steel manufacturer S.I.P., Inc.Williams Industries, which had maintained a minority ownership of the Wilmington, Del.-based company since 1978, purchased an additional 8.275% to carry it over the 50% level. The move was designed to help Williams Industries expand in the highway infrastructure market. S.I.P., Inc. specializes in "stay-in-place" steel decking used in the construction of highway bridges. Transport Topics
Automotive Parts Companies Join Forces To Create Internet Autoparts
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IAP will link dealers, auto parts stores, warehouses and consumers for the purchase and distribution of automotive aftermarket parts via the Internet. IAP will be powered by ePartExpert and will also be linked to Aftermarket ConneX, both CCI/Triad initiatives. Transport Topics
Freight War In UK Could Mean Shortage Of Goods
Price undercutting tactics by the major trucking fleets under contract to shipping lines in Great Britain are running independent road carriers out of business, The Observer reported.The British International Freight Association announced that trend. The residual effect of the freight dispute could be a shortage of goods for retailers, especially come Christmas time. Some of Britain's leading store chains have already been warned of the probable shortage. Transport Topics
Viking Freight Will Send Six To National Championships
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The drivers won state championships in Arizona, California, Nevada (two), Oregon and Utah.
The National Truck Driving Championships are sponsored by the American Trucking Associations and will be held in New Orleans Aug. 9-12. Transport Topics
