Word: eurotransport
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...first half of 1966, which is what the books showed before the adjustment, the company reported a loss of $216,091. The biggest item was to provide a reserve for Taylor's entire investment of $1,142,902 in acquiring 85% of Holland's West-Friesland Eurotransport, Inc. West-Friesland is losing money-as Taylor predicted it would for at least five years. The other adjustments involved the bankrupt Yale Express System, which was being managed by DC, and West Coast Fast Freight, which is now under DC management...
Denver's DC (for Denver-Chicago) Trucking Co., Inc., the nation's seventh largest line (1964 revenues: $50 million), paid $2,000,000 to acquire an 85% interest in Amsterdam's West Friesland Eurotransport, Inc. Though West Friesland's business came to a modest $3,500,000 last year, the company operates in ten countries, far more than any other European line, and thus offers DC an ideal base for expansion. Italy's Fiat has agreed to take the remaining 15% interest as "a calling card that we are leaving with a prospective new customer...
| 1 |