Chevron Corp. and Texaco Inc. merged on Oct. 9 to form ChevronTexaco Corporation.
Freightliner LLC last month announced a turnaround plan based on reducing material and production costs, slashing the salaried workforce and tightening its pricing to pursue profitability rather than market share. Some initiatives in the plan to save $850 million a year by 2004 are reduction of Freightliner, Sterling and Western Star chassis platforms to three from the current six, closure of two plants in Canada and renegotiation of guaranteed buy-back arrangements.
Volvo Global Trucks said it is restructuring its Volvo Trucks North America and Mack Trucks Inc. units because the North American market “shows few signs of a near-term recovery.” Principal actions include closing Mack’s Winnsboro, S.C., plant and consolidating North American support functions to eliminate duplication between the two truck manufacturers. The truck makers will maintain separate headquarters and management needed to deliver brand-specific products.
American Trucking Associations selected American Freightways, Harrison, Ark.; G&P Trucking, Gaston, S.C.; and Ace Doran Hauling and Rigging, Cincinnati as the large, mid-size and small fleet winners of its 2001 National Truck Safety Contest.