Latest News Updates From Jonathan S. Reiskin
Fed Signal on Interest Rates Holds Hope for Trucking
Chairman Alan Greenspan and his colleagues at the Federal Reserve are sending signals that they may soon cut interest rates to stimulate a sagging economy, and the trucking industry has a major stake in the outcome.
December 27, 2000Swift to Buy M.S. Carriers For $383 Million in Stock
Swift Transportation Co. stunned the truckload sector of the industry last week when it announced it would acquire rival M.S. Carriers for $383 million, making it the third-largest carrier in that market.
December 20, 2000Bar Codes Light the Way for FedEx’s New Jersey Hub
As the winter solstice approaches, the sky darkens earlier and the lights at the FedEx Ground distribution hub here burn longer so that gifts adorned with impersonal bar codes can speed along cold conveyor belts toward their final destination at a rate of 540 feet per minute.
December 20, 2000CNF to Operate 4PL For General Motors
General Motors Corp. and CNF Inc. have created a joint venture company to serve as the automotive giant’s 4PL — a fourth-party logistics service provider.
December 20, 2000Bar Codes Light the Way for FedEx’s New Jersey Hub
As the winter solstice approaches, the sky darkens earlier and the lights at the FedEx Ground distribution hub here burn longer so that gifts adorned with impersonal bar codes can speed along cold conveyor belts toward their final destination at a rate of 540 feet per minute.
December 18, 2000PTG Dispute Settled By Rival Carriers
A trucking feud, ignited over the remains of a bankrupt motor carrier, has been settled by the parties without a shot being fired, but not before a Tennessee court became involved.
December 13, 2000Truckload Stocks Poised to Outperform S&P 500
Mathematics purists know the new millennium really starts Jan. 1, 2001, and a prominent Wall Street analyst believes that will be the beginning of a year when truckload stocks finally soar above the rubble of 1999 and 2000 left by motor carriers that just could not make it.
December 13, 2000Defense Moves Toward Fuel Surcharges
The Department of Defense announced the creation of a joint military-industry fuel price board in a step toward payment of a fuel surcharge by the Pentagon for the transport of goods by commercial motor carriers.
December 12, 2000Analyst: Truckload to Beat S&P 500 in 2001
While many companies have taken a beating on Wall Street this year, one financial analyst predicts that truckload stocks will rebound in 2001 and outperform the S&P 500.
December 11, 2000Defense Cut Transport Costs in 2000
The Department of Defense - a big customer for the trucking industry - came in under budget on its transportation expenses in 2000, according to the general commanding the Military Traffic Management Command.
December 7, 2000Follow Us
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