Friday, May 20, 2005

Yellow Transportation and Sprint Announce Sponsorship of the Kansas Busch Series Race on Behalf of United Way

In an unprecedented event, twoleading Kansas City area corporations -- Yellow Transportation and Sprint --today announced that they would sponsor this year's NASCAR Busch Series raceat Kansas Speedway on behalf of the Greater Kansas City United Ways. Therace, to be run on October 8, 2005 and televised nationally on NBC, will beknown as "United Way 300 Presented by Yellow Transportation and Sprint." Full story here..........

Thursday, May 19, 2005

Teamsters Deliver Message to DHL: Respect Workers' Rights to Organize

Thousands of Teamsters Tell Company to Stop Thwarting Union Campaigns; Delegation Meets With German Union at DPWN Shareholder Meeting. Full story here...

Wednesday, May 18, 2005

Yellow Roadway seeks $250 million

Yellow Roadway Corp. is seeking $250 million from a private offering of senior floating rate notes to help finance the cash portion of its pending acquisition of USF Corp.
In a filing Tuesday with the Securities and Exchange Commission, Overland Park-based Yellow Roadway said the proceeds from the note offering would be used in addition to borrowings under a $450 million receivables financing facility, a $500 million senior unsecured revolving credit facility and cash on hand.
Shareholders of Chicago-based USF vote May 23 on whether to accept Yellow Roadway’s merger offer. If approved, the deal is expected to be completed May 24.
Yellow Roadway shares closed up 33 cents at $50.43. USF shares were down 9 cents at $44.99.

Tuesday, May 17, 2005

DHL reins in its ambitions in US market

DHL, the package delivery arm of Deutsche Post, has said it does not want to chase US market share from UPS and FedEx, signalling a reining in of the company's ambitions in North America. Full story here.......

Teamsters to Closely Monitor Acquisition to Insure Members' Jobs are Protected

(Washington, DC) - Teamsters General President James P. Hoffa said today that the Teamsters Union will closely monitor UPS’ purchase of trucking company Overnite Corporation to make sure members’ jobs are not adversely impacted by the purchase. Full story here........

Monday, May 16, 2005

UPS to Buy Overnite for $1.25 Billion

Package-delivery company UPS Inc. on Monday said it is acquiring trucking firm Overnite Corp. for about $1.25 billion in cash, expanding its portfolio of ground-transportation services. Full story here........

Sunday, May 15, 2005

US trucking co Yellow Roadway in talks with Chinese freight firms - report

Yellow Roadway Corp is poised to become the first US trucking company to operate in China, responding to growing demand from importers overseas for reliable freight services, the Financial Times reported. Full story here.....§ion=news&news_id=dji-00014920050515&date=20050515&alias=/alias/money/cm/nw

John Alden Joins the Board of Directors of Arkansas Best Corporation

Arkansas Best Corporation today announced that John W. Alden, former Vice Chairman of United Parcel Service of America, Inc. (UPS), has been appointed to the Arkansas Best Corporation Board of Directors, effective May 12, 2005. Full story here