March 9, 1994
Rockwell said Tuesday it has won a multimillion-dollar contract to install telecommunications systems in 1,000 trucks operated by J.B. Hunt Transport Services, the nation's largest publicly held long-haul trucking company. Rockwell, based in Seal Beach, would not give the specific value of the contract. The company previously received orders for its mobile communications systems from CRST and Florilli Trucking, both Iowa-based trucking companies.
September 22, 2005 |
Swift Transportation Co. Chairman and Chief Executive Jerry Moyes on Wednesday agreed to pay $1.3 million to settle a Securities and Exchange Commission suit accusing him of insider trading. Phoenix-based Swift is the nation's third-largest trucking company. Moyes bought 187,000 shares in the two days before the company announced better-than-expected earnings and a share buyback, making an unrealized profit of $622,130, the SEC said. The SEC launched the investigation of trades made in May 2004.
March 15, 2000 |
J.B. Hunt Transport Services Inc. and five other large U.S. trucking companies plan to combine freight management units into a jointly owned Internet business to help lure shipments from rivals and cut costs. J.B. Hunt will join Swift Transportation Co., Covenant Transport Inc., M.S. Carriers Inc., U.S. Xpress Enterprises Inc. and Werner Enterprises Inc., with each investing $5 million in the venture, called Transplace.com. Their combined 1999 freight management revenue was $650 million.
CALIFORNIA | LOCAL
June 28, 2013 |
A Southern California trucking firm has agreed to settle a discrimination case involving an African American man denied work as a driver because of his criminal record, after a lawsuit filed by the U.S. Equal Employment Opportunity Commission. The man applied for a job in 2009 at J.B. Hunt Transport in San Bernardino. EEOC officials contend he lost out based on a criminal conviction unrelated to potential job duties. Lawyers at the federal agency reviewed J.B. Hunt's policy when handling applicants with conviction records, noting that "blanket prohibitions" do not comply with government guidelines.
October 16, 2004 |
Stocks rebounded moderately Friday as a stronger than expected retail sales report showed that higher oil prices weren't scaring consumers away from spending. The Commerce Department reported that retail sales jumped 1.5% in September, much more than the 0.6% gain economists had forecast. Federal Reserve Chairman Alan Greenspan also soothed investors by saying surging energy costs would have less of an effect on the economy than the energy crisis of the 1970s.
May 31, 1994 |
After enduring a 23-day strike by the Teamsters union last month, some of the nation's largest trucking firms tentatively won the right to ship more goods--by train. On the surface, it may seem that the trucking companies are giving away their business. But the union agreement--now being voted on by Teamster members--in fact lets the truckers cut shipping costs by as much as a third by using railroads on distances of 1,000 miles or more, according to industry executives.