September 25, 2002 |
Roadway Corp. said a Chapter 11 bankruptcy filing by a major rival may help Roadway's sales jump 30% this quarter. Roadway, the second-largest U.S. trucking company, expects an influx of orders from Consolidated Freightways Corp. customers to increase sales in its fourth quarter from the $867.5 million it posted in the period last year. Its third quarter ended too soon for Roadway to benefit from Consolidated's Sept. 3 bankruptcy filing, a Roadway spokesman said.
July 6, 2001 |
Yellow Corp., operator of the nation's largest trucking company, plans to raise rates 4.9% on Aug. 1 to increase revenue during its peak shipping season. The increase applies to the Yellow Freight System trucking unit and affects customers whose shipping charges aren't set by contract, spokesman Roger Dick said. Roadway Corp. declined to comment on Yellow's increase.
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.
April 10, 2002
* Three car rental companies followed the two industry leaders in announcing they will eliminate base commissions to travel agents on certain accounts. Dollar Thrifty Automotive Group Inc. said its Dollar Rent a Car unit will cease paying base commissions on individually negotiated corporate and government accounts. ANC Rental Corp. said its National Car Rental and Alamo Rent-A-Car will do the same. * Russia said it may not lift a ban on U.S. chicken imports today as planned, because the U.S.
September 8, 2004 |
Rite Aid Corp., the third-largest U.S. drugstore chain, cut its annual sales and earnings forecasts because of increased competition from mail-order pharmacies. The company's shares fell 19%. Net income for its fiscal year ending Feb. 26 will rise to as much as $149.5 million, or 22 cents a share, down from a previous forecast of as much as $167 million, the Camp Hill, Pa.-based company said. Sales are now expected to increase to as much as $17 billion instead of $17.3 billion.
September 4, 2002 |
Roadway Corp., Yellow Corp. and Arkansas Best Corp. shares rose as the truckers began divvying up $1.5 billion or more in annual sales from collapsed rival Consolidated Freightways Corp. Home Depot Inc., the largest home-improvement retailer, said it started shifting freight to Roadway in August as Consolidated began to founder. The trucker, with sales of $2.