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Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7] [8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion." [9]
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Southeastern Freight Lines was founded in 1950 by William T. Cassels in Lexington, South Carolina. The company first had 14 trucks and 20 employees with a $5,000 loan. [4] In 1975 W. T. "Bill" Cassels, Jr. became President of Southeastern Freight.
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The company was founded as Livingston Merchant's Co-op in 1958 and incorporated as Averitt Express in 1969. [2] [3] Averitt is owned by Gary Sasser, who purchased the company from its original owner, Thurman Averitt, in October 1971 at the age of 20. At the time of Sasser's purchase, Averitt operated 3 trucks and 5 trailers. [citation needed]
Starting July 1, employers of all sizes will be required pay overtime — time and a half salary after 40 hours a week — to salaried workers who make less than $43,888 a year in certain ...
Arkansas-Best changed its name to ABF Freight System Inc. in 1980 [7] and, by 1981, was the eighth largest trucking company in the US operating 106 terminals. [6] It acquired East Texas Motor Freight Lines, a subsidiary of Bright Industries Inc., in 1982, a move which added 44 new terminal cities increasing ABF's reach to a total of 158, [9 ...
Knight-Swift. Knight Transportation truck in 2008. Knight-Swift Transportation Holdings Inc. (referred to as Knight-Swift) is a publicly traded, American motor carrier holding company based in Phoenix, Arizona. It is the fourth largest trucking company in the United States. [2]