P.M. Executive Briefing - Nov. 19
This Afternoon's Headlines:
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Oshkosh Truck Prices Common Stock Offering
Oshkosh Truck, which makes Oshkosh, McNeilus, and Pierce trucks and truck bodies, has upped its planned common stock offering from 3 million to 3.3 million shares and priced them at $26 apiece. The underwriters can issue 495,000 more shares if there are over-allotments. Nov. 24 is the anticipated closing date for the offering. Business Wire (11/19/99)Whiskey Truck Hijacked
Three men wearing masks made a truck full of whiskey stop in the vicinity of Miami International Airport and forced the trucker out at gunpoint. The trucker was taken away by car; when the truck was discovered later, the contents were gone.
Infanger Guilty, Not Murderer
Idaho trucker Michael Infanger was found guilty of gross vehicular manslaughter while intoxicated, and spared a second-degree murder conviction, Wednesday in the fatal January crash on Highway 99 in California that killed two teenage girls.The Fresno County jury had been 11-1 in favor of the second-degree murder conviction Tuesday, but it appears to have changed its mind due to Superior Court Judge Wayne Ellison's explanation of the difference between "conscious disregard" and "wanton disregard," said prosecutor Blake Gunderson.
Infanger, who was found to have a 0.17% blood alcohol content not long after the crash, could get up to 11 years' imprisonment at his Dec. 17 sentencing. Fresno Bee (11/18/99) P. A1; Baker, Michael
Man Charged For Trying to Smuggle Ton of Marijuana Through Missouri
An inspection at a Joplin, Mo., weigh station found marijuana bundles totaling over a ton in a tractor-trailer driven by Jose Angel Sanchez, 33, who is thought to be from Cuba.The federal District Court complaint against Sanchez says the compartment containing the marijuana was found after an inspector discovered that the length of the trailer was different on the inside than on the outside.
It is further alleged that Sanchez had false documents giving the name of a nonexistent shipper and receiver for a load of onions. He has been charged with possession with intent to distribute. Associated Press (11/18/99)
Doug Martin Named Chief Financial Officer for CarrierPoint, Inc.
CarrierPoint, a digital marketplace designed to provide various services to the trucking industry and its customers, has tapped former Prudential Bank Executive Vice President and CFO Doug Martin to serve as CFO for CarrierPoint."His breadth of experience will be a driving force in our aggressive growth strategy," said CEO and President John Thomson. The company's Web site is www.carrierpoint.com. PR Newswire (11/18/99)
Alliston Driver Named 1999 Ontario Truck Driver of the Year
The Ontario Trucking Association/Volvo Trucks Canada Driver of the Year award for Ontario has been granted to Barry Enman, a trucker for Warren Gibson.In his 26 years as a trucker, Enman has driven more than 6.4 million km without an accident, and in 1994 he, along with two Warren Gibson colleagues, stopped traffic on Highway 401 at a serious accident scene and helped remove a woman from her car.
However, said OTA President David Bradley, "it is in the way he goes about his day-to-day work both on and off the road that makes him stand out above the rest." Enman's prize is a trophy and C$300 cash. Canada NewsWire (11/18/99)
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