Word: fruehauf
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...foreign or economic problems under control-but they also doubt that anyone else would do better. Some company officers still nurse scars of the 1970 recession, which resulted from Nixon's earlier attempts to stop inflation by slowing the economy. Says Robert Rowan, president of Detroit-based Fruehauf Corp.: "It was a hell of a lot easier to make money under Johnson than it has been under Nixon. The last three years have been anything but a lark...
Died. Roy August Fruehauf, 57, president and then chairman of Fruehauf Corp., world's largest maker of truck trailers (1964 sales: $313 million) founded by his father in 1918, who in 1953 squeezed his brother out as chairman and staved off a muchpublicized proxy raid with the aid of a $1,500,000 stock-purchase loan from then Teamster Boss Dave Beck, five years later found himself indicted along with Beck for repaying the favor with a $200,000 loan of his own (illegal under the Taft-Hartley Act), was eventually acquitted, but not before a group of dissident...
...When the Fruehauf trailer company skidded into the red, new management was brought in largely by Detroit Edison's Walker Cisler...
...hard to straighten out a company, but to make it grow-that's another question," says President William Edwin Grace, 55, of Detroit's Fruehauf Corp. Five years ago, when Grace was called in to straighten out the nation's largest truck-trailer maker, Fruehauf was loaded with a $250 million debt and a big fleet of unsold trailers, and was heading toward red ink. Grace overhauled Fruehauf's loose corporate structure, set up a rigid system of divisions and committees copied from General Motors, and "gave people authority as well as responsibility to get their...
...contents. Though the Teamsters charge that piggybacking is designed to destroy the trucking industry entirely, the railroads are already cooperating with truckers in building large piggyback terminals, can now go full speed ahead with plans for cheaper, swifter piggybacking service. On the strength of the ICC ruling, Fruehauf Trailer Co.. the largest U.S. truckmaker, last week thought that it might eventually find itself manufacturing more piggybacking equipment than conventional trucks...