July 15, 1988 |
Transcon Inc. has restructured its top management--the second such overhaul in less than a year--removing Joe E. Hall from the positions of president and chief operating officer of Transcon Lines, the company's money-losing trucking unit. Hall, 49, has been named vice chairman of Orange-based Transcon Lines, Vice President James E. Fox said. Burke G. Piper continues as vice chairman of Transcon Inc., the Los Angeles-based parent company.
February 21, 1991 |
A federal grand jury in Philadelphia on Wednesday indicted Miami investor Leonard A. Pelullo on 55 criminal counts stemming from a scheme to defraud American Savings & Loan of Stockton and Royale Group Ltd. of $1.6 million. The indictment also charges that Pelullo, 40, separately defrauded Miami-based Royale Group of an additional $600,000. According to the indictment, Pelullo--as chairman of Royale Group--borrowed $13.5 million from American Savings to renovate several hotels owned by Royale.
April 2, 1990 |
Transcon Inc., a Los Angeles-based trucking firm, on Sunday said it was selling its money-losing Transcon Lines carrier to a privately held Miami firm for an undisclosed amount. The sale of the trucking line--one of the nation's largest long-haul truckers with 247 terminals in 45 states--to Growth Finance Corp. comes 1 1/2 weeks after Transcon's plan to buy two other truckers fell through. The unit accounts for most of Transcon's revenues.
August 26, 1991
Allan B. Foy, 62, chairman and chief executive officer of Farr Co. Before joining Farr in 1983, he had been chairman and chief executive officer of Transcon Lines. The El Segundo-based Farr Co. produces filters for particulate, liquid and gaseous filtration systems. In El Segundo on Friday after a long period of poor health.
November 2, 1986
A new $4-million computer and administrative facility for Transcon Lines, a trucking firm, is under construction in Trammell Crow Co.'s Commerce Business Park, launching the new 20-acre phase of that project. A February completion is scheduled for the 48,000-square-foot, two-story, build-to-suit structure at the intersection of Slauson and Eastern avenues.