DALLAS — DLH Master Land Holding LLC and its parent company Allen Capital Partners LLC, developers of the 6,000-acre Dallas Logistics Hub, said Tuesday they have filed voluntary Chapter 11 petitions in Dallas to reorganize their debts. DLH and ACP said filing for Chapter 11 will permit them to extend debt maturities, improve their capital structure and further strengthen the Dallas Logistic Hub’s competitive position. None of The Allen Group (TAG) organizations or their other entities in Kansas or California was included in the filings.
ARLINGTON, Va. — The American Trucking Associations’ advance seasonally adjusted For-Hire Truck Tonnage Index climbed 2.1 percent in December, following a 2.6 percent increase in November.
WASHINGTON — President Barack Obama on Monday offered help for people struggling to pay bills and care for their families, appealing to a middle-class he says has been "under assault for a long time."
CLEVELAND — Eaton Corp. said Monday that its fourth-quarter profit rose as the economy stabilized and the manufacturing company said it believes business will grow this year.
PORTLAND, Ore. — Spot market freight availability on TransCore load boards in December rose by 103 percent year over year, to twice the level achieved in the same month of 2008, according to the TransCore Freight Index. Freight volume also exceeded November levels by 11 percent on the North American spot market (United States and Canada). The index is a measure of truckload freight volume found on load boards supported by TransCore’s DAT Network, including 3sixty Freight Match, TruckersEdge.net and the company’s Canadian subsidiary service Link Logistics.
COLUMBUS, Ind. — Commercial trailer factory shipments reached 8,296 in December, the highest monthly total for 2009. However, full year shipments were off 44 percent year-over-year and fell to the lowest level since 1975, according to commercial truck and trailer market analyst ACT Research Co.