TransFinancial Announces Crouse Change of Operations.LENEXA, Kan.--(BUSINESS WIRE)--March 26, 1999--TransFinancial Holdings, Inc. (Amex: TFH TFH Technische Fachhochschule (German: Engeneering College/University) TFH 24 Hours (Movie) TFH Thread from Hell (newsgroups) TFH Tinfoil Hat TFH Thanks For Helping ), a holding company with businesses in transportation and financial services, today announced that Crouse Cartage Company (Crouse) will implement a "change of operations" which was approved by the International Brotherhood of Teamsters Teamsters large, powerful union of U. S. truckers. [Am. Hist.: NCE, 2703] See : Labor Central Region Change of Operations Committee. This change will be effective on April 5, 1999. The change of operations, which required approval of the union locals, covers the elimination of freight terminal and maintenance operations in Carroll, Iowa, and the elimination of an agency terminal in Fremont, Nebraska. Approximately 40 employees will be affected in those locations and will have the opportunity to transfer to other terminals in Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, , Omaha, Nebraska, Sioux City, Iowa <noinclude></noinclude> Sioux City (IPA: [su: 'sɪti]) is a city located in northwest Iowa in the United States. As of the 2000 census, the city had a total population of 85,013. , Minneapolis, Minnesota, Kansas City, Missouri Kansas City is the largest city in the state of Missouri. It encompasses parts of Jackson, Clay, Cass, and Platte counties and is the anchor city of the Kansas City Metropolitan Area, the second largest in Missouri, which includes counties in both Missouri and Kansas. , and Davenport, Iowa. The cost of relocating those employees who wish to transfer is expected to be less than the annual cost savings from consolidating those operations. "In a very competitive business environment, we must continually improve our service and the efficiency of our operations to meet the needs of our customers and provide a return for shareholders," said Dave Taggart, chairman and chief executive officer of Crouse. "We can improve our service and increase the cost effectiveness of our operations by consolidating these functions into our major markets and principal traffic lanes. We will continue to look for opportunities to enhance our operations." Crouse, headquartered in Carroll, Iowa, is a regional transportation company serving 15 Midwestern states with additional seamless service into seven Southeastern states through a marketing partnership with Southeastern Freight Lines, Inc. Crouse also has a Special Commodities division, which provides refrigerated truckload and flatbed service throughout the nation. TransFinancial Holdings, Inc., headquartered in Lenexa, Kansas, owns and manages Crouse and Universal Premium Acceptance Corporation (UPAC UPAC Union of Pan Asian Communities UPAC University Park Allocation Committee (Penn State) UPAC Ulster Performing Arts Center (Kingston, NY) UPAC Ultralight Pilots Association of Canada ), a nationwide insurance premium finance company. TransFinancial common stock trades on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol "TFH." Additional information is available at the Company's website at www.transfin.com. |
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