1994-07-08, English, Article, Journal or magazine article edition: Teamsters' walkout provides a windfall for Carolina Freight. (Carolina Freight Corp.) Watson, Rip

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Physical Description
  • Magazine/​Journal article
Published
  • UBM Global Trade, Inc., 1994 July 8
Language
  • English

Edition details

Title
  • Teamsters' walkout provides a windfall for Carolina Freight. (Carolina Freight Corp.)
Also Titled
  • Teamsters' walkout provides a windfall for Carolina Freight.
Appears In
  • Journal of Commerce and Commercial, v400, no.n28263, 1994 July 8, p3B(1) (ISSN: 1088-7407)
Author
  • Watson, Rip
Published
  • UBM Global Trade, Inc., 1994 July 8
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • The 24-day Teamsters strike in April proved beneficial for Carolina Freight Corp. as it reported an $8.5 million net profit for 2nd qtr 1994. Carolina Freight Carriers, the corporation's largest subsidiary, signed a temporary agreement with the Teamsters on the eve of the strike, allowing the trucking firm to continue its operations in exchange for agreeing to abide by the final settlement. Carolina's earnings for period ended Jun. 18 amounted to $9.6 million, or $1.46 a share, on revenue of $263.2 million. The company's earnings stand in stark contrast to the measly strike-affected earnings of other trucking firms.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15589911

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