Latest News Updates From Patricia Cavanaugh

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Overnite Hits Billion Mark on Strength of Fourth Period

Overnite Transportation Co. said its revenue was above $1 billion in 1998 and its profits were the highest since 1994.

January 26, 1999

Overnite Hits $1 Billion Mark in '98

TT File PhotoOvernite Transportation Co. said its revenue was above $1 billion in 1998 and its profits were the highest since 1994. The company attributed much of this gain to the fourth period, which it said was its best quarter in the last four years. Annual revenue was $1.03 billion compared with $946 million in 1997.

January 21, 1999
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Rail Debate to Visit Congress

Should railroads have to let competing rail lines operate over their tracks? Not surprisingly, railroads say no — adamantly. But many shippers, stung by the service problems of the last few years, say yes — also adamantly.

January 19, 1999

Rail Debate to Visit Congress

Should railroads have to let competing rail lines operate over their tracks? Not surprisingly, railroads say no — adamantly.

January 15, 1999
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IBM to Handle CF's Data Services

Consolidated Freightways is the first trucking company to outsource a large segment of its information technology operations to IBM Global Services, a unit of International Business Machines Corp.

November 9, 1998

IBM to Handle CF’s Data Services

Consolidated Freightways is the first trucking company to outsource a large segment of its information technology operations to IBM Global Services, a unit of International Business Machines Corp.

November 9, 1998

Umthun Trucking Is Sold

Umthun Trucking Co., Eagle Grove, Iowa, has changed hands after 51 years of family ownership.

September 29, 1998

STB to Vote on Conrail Division

The Surface Transportation Board will vote today on the largest rail merger in U.S. history -- the joint acquisition and division of Conrail Inc. by CSX Corp. and Norfolk Southern Corp.

September 29, 1998

STB to Vote on Conrail Division

The Surface Transportation Board will vote today on the largest rail merger in U.S. history -- the joint acquisition and division of Conrail Inc. by CSX Corp. and Norfolk Southern Corp.

September 29, 1998