December 18, 1998 |
Shares of Consolidated Freightways Corp., one of the largest U.S. trucking companies, fell nearly 18% after it broke off merger talks with an unidentified company. Shares fell $3.13 to close at $14.63 on Nasdaq. It rose 6.4% on Wednesday on speculation it might be weighing a possible combination with rival carrier Yellow Corp. Menlo Park-based Consolidated confirmed it had been in talks with an unnamed party, adding that no agreement was reached. Yellow executives declined to comment.
June 2, 1998 |
Consolidated Freightways Corp. warned that its second-quarter earnings will be about even with the year-earlier period as some freight-shipping customers switched to nonunion carriers during contract talks. The company had said earlier that its first-quarter business was hurt by lower tonnage and the talks with its Teamsters union drivers. Analysts had expected Consolidated to earn 36 cents a diluted share in the quarter. In the same period last year, the Menlo Park-based firm earned $6.
November 11, 1997 |
Saying that no one got caught on tape with his pants down, the Riverside County District Attorney's Office has decided against filing criminal charges in connection with a hidden-camera-in-the-bathroom controversy. That decision by authorities Monday concluded an investigation that began in September at a Mira Loma terminal operated by Consolidated Freightways, one of the nation's biggest trucking companies.
September 18, 1997 |
Just how far can employers legally go in snooping on their workers? That question was raised anew by the discovery last week of secret video surveillance cameras in two employee bathrooms at a Consolidated Freightways terminal in the Riverside County community of Mira Loma. For many workers at the big trucking company, it represented a shocking invasion of privacy.
September 12, 1997 |
Video surveillance has become commonplace in many American workplaces, but now this type of electronic snooping has reached a new frontier: the employee bathroom. That little-known fact was discovered this week by chagrined workers at the Consolidated Freightways truck terminal in the Riverside County community of Mira Loma. Many of the terminal's 600 employees are furious after learning that their restroom visits may have been captured on video.