Home and Away in Forwarding Game
Kim Hioe, a corporate vice president in Santa Clara, Calif., can quantify his affection for Circle International Group — the more he likes the freight forwarder the less frequently he sees its personnel.
Trimac Makes Moves On Bulk Truck Market
Trimac Corp. has initiated a restructuring plan that will shift C$378 million worth of its assets to place the company in a position to increase its market share of the bulk trucking business. The Calgary, Alberta-based company started its maneuvering two week ago by selling its Rentway subsidiary to Penske Truck Leasing.
Orbcomm Lays Off 20% of Its Workers
Orbcomm Global and its Vantage Tracking Solutions division will remain in the trailer-tracking business in spite of a significant layoff in personnel, according to the chairman of the limited partnership.
Moyes Drops Takeover Bid For Simon Transportation
Simon Transportation will remain a family business for now as Jerry C. Moyes announced June 30 that he would let his takeover tender offer expire unfulfilled.
Tax Issues on Hold Until After Election
Election-year politics and a split between a Republican Congress and a Democratic White House means no major tax issues will be settled during the balance of this year, according to a Washington-based tax lawyer.
IRS Is Examining Tax Writeoffs for Tires, NAFC Told
Stronger, better, longer-lasting tires could bring tax difficulties for trucking companies, according to the taxation committee chairman of an American Trucking Associations council.
Tax Issues on Hold Until After Election
Election-year politics and a split between a Republican Congress and a Democratic White House means no major tax issues will be settled during the balance of this year, according to a Washington-based tax lawyer.
Yellow to Buy Back Stock
Yellow Corp. has joined the growing list of trucking companies that are buying back their stock, announcing June 23 its intention to spend up to $25 million in the repurchasing program.
Employee Health Plans for Owner-Operators Carry Risk for Company, NAFC Told
Trucking companies that provide owner-operators with health insurance through plans for employees will be placing their businesses and employees in financial danger, according to an industry attorney.
Coping With the Trucking Market: Ride Out the Storm, Or Liquidate
Hauling freight offers a grim but not impossible living, according to two market analysts who addressed an audience of motor carrier finance officers.