Driver Pay Rose 15% in 3 Years, Study Shows

The typical truck driver saw his salary rise more than $5,400 over the past three years, according to a study released last week by American Trucking Associations.

Jonathan S. Reiskin | Associate News Editor
February 5, 2001
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Three Package Carriers Make Major Changes

Three of the nation’s major package couriers behind United Parcel Service and FedEx Corp. have instituted major changes of ownership, stock exchange listing and corporate organization.

Jonathan S. Reiskin | Associate News Editor
January 31, 2001
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STB Issues Final Undercharge Ruling

The Surface Transportation Board issued its final ruling in a series of undercharge cases that had their roots in the economic deregulation of trucking in 1980 and once threatened to transfer $27 billion from the nation’s shippers into the estates of bankrupt motor carriers.

Jonathan S. Reiskin | Associate News Editor
January 31, 2001
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Yellow Corp. Orders Layoffs, Cites Economy

A softening economy slathered on top of the traditionally slow winter season prompted less-than-truckload carrier Yellow Corp. to lay off 75 full- ime, salaried personnel Jan. 12, according to a company spokesman.

Jonathan S. Reiskin | Associate News Editor
January 31, 2001
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EGL Says Merger Causes Lower Earnings, Layoffs

Eagle Global Logistics, the strongly profitable Houston-based freight forwarder owned by EGL Inc., last week acknowledged difficulties that will cause it to take about $90 million in pre-tax charges against earnings and to lay off 300 employees.

Jonathan S. Reiskin | Associate News Editor
January 31, 2001
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Intrenet Faces Class-Action Suit Over Bankruptcy

Legal pressures are mounting against Intrenet Inc., the transportation holding company that ceased operations Jan. 2 and formally filed for Chapter 11 bankruptcy protection Jan. 19.

Jonathan S. Reiskin | Associate News Editor
January 31, 2001
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FedEx Expands Hours, Reworks Corporate Order

FedEx Corp. is reorganizing its hours of operation for the public and its internal corporate structure in an attempt to reap premium prices from procrastinators and find a home for newly acquired American Freightways.

Jonathan S. Reiskin | Associate News Editor
January 31, 2001
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Yellow’s Regional Consolidation Will Increase Size of Saia Freight

Yellow Corp. will consolidate its regional carriers — distilling them from four into two — to improve service for shippers, generate more profits for shareholders and perhaps attract the attention of investors eager to purchase a large less-than-truckload carrier.

Jonathan S. Reiskin | Associate News Editor
January 24, 2001

Yellow Corp. Lays Off 75

A softening economy has led the giant trucking company Yellow Corp., a specialist in less-than-truckload shipments, to lay off 75 fulltime salaried personnel from its nationwide staff of 7,000 effective Jan. 12, according to a company spokesman.

Jonathan S. Reiskin | Associate News Editor
January 23, 2001
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USPS Hires FedEx to Move Mail

FedEx Corp. and the U.S. Postal Service agreed last week to a package of seven-year agreements under which FedEx will carry Priority, Express and first-class mail on its airplanes between the nation’s airports and will place up to 10,000 of its purple-orange-and-white drop boxes at post offices around the nation.

Jonathan S. Reiskin | Associate News Editor
January 17, 2001