P.M. Executive Briefing - Sept. 22
This Afternoon's Headlines:
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Dorsey Trailers Signs Rush Enterprises to Dealership
Dorsey Trailers Inc. trailers will be available at dealerships operated by North America's leading Peterbilt dealer Rush Enterprises, according to a recent deal between the two companies."With the addition of Rush Enterprises to the Dorsey dealer network, the company now has over 95 authorized dealers serving over 36 states and 4 Canadian provinces," says Dorsey Trailers Chairman and CEO Marilyn R. Marks. Rush Enterprises CEO Marvin Rush says the deal is part of his company's "process of becoming a complete one-stop sales and service shop for the truck distribution industry." PRNewswire (09/22/99)
U.S. Trucking Inc. Orders 100 Volvo Tractors
In a deal worth some $8.4 million, U.S. Trucking Inc. should receive 100 Model T610 Volvo tractors with 465 HP engines by the end of November. The new tractors are part of the 2000 model year. "We have been operating older equipment since our first acquisition in 1995 and this is our second major step to upgrade our tractor/trailer fleet," says U.S. Trucking President and CEO Dan Pixler, adding that the company also bought 75 new trailers in 1999. "Our goal is to replace tractors every four years and trailers every seven years," Pixler adds. Business Wire (09/22/99)RESEARCH ALERT - USFreightways Raised
Citing a two-week, 18 percent fall in the price of the stock as well as rising diesel prices, Morgan Stanley Dean Witter changed its rating on USFreightways Corp. stock from outperform to strong buy. The firm says the higher fuel costs have created "a great buying opportunity" for LTLs. Reuters (09/22/99)BoI Sets Sights on US Truck Company Investment in RP
The Board of Investments is trying to lure an Oshkosh Truck plant to the Philippines. The company is looking around the Philippines for a potential site, says Dakila Fonacier, who is both Trade and Industry Undersecretary and the board's managing head.As part of its efforts to attract the Oshkosh plant, the board is thinking about putting the investment under the Association of Southeast Asian Nations Investment Area program, which treats foreign companies the same as local businesses. In 1998, association member nations chose to allow companies from non-ASEAN countries to participate in ASEAN Investment Area during 1999 and 2000. BusinessWorld (09/22/99) P. 8
Novatel Wireless and @Road Find Success in Wireless Fleet Management
The e-commerce solutions provider @Road has ordered 15,000 more NRM-6812 wireless IP modems from Novatel Wireless for use in @Road's Internet-based fleet management system FleetASAP. @Road's i LM1000 Internet location modem product incorporates the NRM-6812's technology. Business Wire (09/21/99)RPS Delivers On New Livonia Shipping Center
FDX Corp. subsidiary RPS has debuted a $5 million, 100,000-square foot shipping center in Livonia, Mich. RPS is spending $500 million on expansions across the United States. Crain's Detroit Business (09/20/99-09/26/99) Vol. 15, No. 38; P. 24; Bridgeforth Jr., Arthur© copyright 1999 INFORMATION, INC. Terms of Service
