A.M. Executive Briefing - Oct. 8
This Morning's Headlines:
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INS Seizures of Canadian Trucks Grow After Customs Declares Cabotage Rule
Some Canadian truckers are having their trucks seized and finding themselves deported by the U.S. Immigration and Naturalization Service, which is attempting to enforce a law about smuggling illegal aliens.In March, U.S. Customs started letting trucks from Canada carry U.S. freight within the United States if on the way back to Canada or to pick up export cargo. However, the INS did not change its own rules on cabotage. Canadian truckers frequently run into problems when drivers are switched to keep the freight moving while obeying hours of service rules; if the INS stops the truck, the logbook will reveal that the original driver is not still hauling the same cargo.
lthough this week saw a meeting between immigration officials in the two countries, it is unlikely things will change soon, in part because labor unions in the United States do not want the country's trucking market opened up. Journal of Commerce Online (10/08/99); Tower, Courtney
Rockies Owner Offering to Pay Truckers of His Bankrupt Company
The bankrupt NationsWay Transport Service proposed in a Tuesday U.S. Bankruptcy Court filing to pay $2 million in overdue wages to employees. This was part of a financing proposal for liquidation; Jerry McMorris, owner of NationsWay and the Colorado Rockies, has requested a hearing on the plan Oct. 19. The plan seeks $18.5 million more from lenders to finance the liquidation. Associated Press (10/07/99)Marten Transport Lowers its Net Income Expectations for the Third Quarter
The national TL carrier Marten Transport says it expects its third-quarter net will be lower than the company expected before, coming in at roughly 46 cents a share, down 9 cents from 1998's third quarter. Expected revenue is roughly $55 million, up $4.9 million. "In the third quarter our operating ratio increased due to higher compensation rates for our drivers and independent contractors that were effective April 1," says President and Chairman of the Board Randolph L. Marten, adding the company was as yet unable to hike rates in response. A detailed report is expected Oct. 21. PR Newswire (10/07/99)Matson Named Second Vice Chairman of National Classification Committee of National Motor Freight Traffic Association
G.I. Trucking Co. Director of Pricing John Matson has been chosen to be second vice chairman of the National Motor Freight Traffic Association's committee that handles categorization of freight as well as related rate rules and regulations. Matson brings to the National Classification Committee a career spanning over three decades at such companies as American Freight Systems, BestWay, and Con-Way Transportation Services. Business Wire (10/07/99)G.I. Trucking Co. Ready for Y2K Challenges
G.I. Trucking Co. says its computer systems including mainframes, workstations, and networking systems are Y2K ready. "We have taken the necessary actions to ensure that we will continue to meet our customers' information and product delivery needs in the new year," says Fran Glidewell, vice president, sales and marketing. The company also sent Y2K compliance questionnaires to suppliers and found the suppliers appear to be handling their Y2K issues. G.I. Trucking has also created contingency plans to handle such potential problems as fuel and power shortages and distribution-center backups. Business Wire (10/07/99)© copyright 1999 INFORMATION, INC. Terms of Service
