Consolidated Freightways last month ceased operations, filed for bankruptcy protection and laid off 15,500 employees. The 73-year-old Vancouver, Wash.-based less-than-truckload carrier, which ranked No. 8 in CCJ’s most recent Top 100, had suffered deteriorating results for some time. Among the milestones in CF’s history is the founding of Freightliner. Only the company’s CF AirFreight and Canadian Freightways subsidiaries will continue operating.
Cannon Express announced that Dean Cannon had resigned as president and chief executive officer and that Rose Marie Cannon had resigned as secretary and treasurer. CFOex Inc., a Knoxville, Tenn.-based financial consulting firm, has assumed day-to-day management of the Springdale, Ark.-based carrier. The Cannons will retain their positions on the board of directors, and Dean Cannon remains chairman.
Arrow Truck Sales announced plans to expand its Canadian sales efforts by opening a new location in Calgary by yearend and renovating its Toronto facility. The Kansas City, Mo.-based pre-owned truck dealership currently operates 16 locations in the United States and one in Toronto.
American Transportation Research Institute, the research arm of the American Trucking Associations, has opened a new website (www.atri-online.org) that details work underway on the institute’s 2002-2003 research agenda.
