Word: fruehaufs
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...well last week at the Fruehauf Trailer Co. of Detroit, the biggest U.S. manufacturer of truck-trailers (1953 sales: some $200 million). President Roy Fruehauf, 45, and his brother Harvey, 60, the company's founder and board chairman (at an estimated $150,000 a year) had had a falling out and were battling for control of the company...
...trouble began when Harvey moved to Florida, got into the oil business and dropped out of active participation in Fruehauf Trailer. Roy demanded that his brother come back and spend more time with the company. Harvey refused. Roy forced him out of the chairmanship, but let him keep the title of honorary chairman...
...found was George J. Kolowich, head of the Detroit & Cleveland Navigation Co., a banker who went to jail in 1933 for embezzlement, but who has since made a fortune in real estate and trucking. Last July Kolowich bought Harvey's 9% stock interest in Fruehauf, went to work to unseat Roy as president of the company...
Clogged Production. But Roy Fruehauf's problem is not selling trailers; it is making them despite material shortages. When truck tires ran short early this year, Fruehauf kept its production lines rolling by delivering trailers, removing the tires and using them for new deliveries, leaving customers to find their own tires...
...Fruehauf has found no such solution for the growing opposition to big trucks and trailers. State after state has been clamping down hard on truckers for overloading (TiME, Jan. 22). But Roy Fruehauf is not worried that the trucking industry will be seriously hurt. Said he: "Everything we eat, use, or wear travels by truck and trailers...