Caliber System Inc., known until 1996 as Roadway Services Inc., was a transportation holding company based in Akron, Ohio, United States.
At the same time Roadway Express continued its expansion with services to Europe in 1991 and a number of Pacific Rim ports soon after.
[11] In the end, the strike lasted 24 days[2] and, according to the RSI, resulted in losses of US$68 million for the quarter at Roadway Express.
At the time, Roadway Express contributed over 40% of the parent company's US$5 billion annual revenue[10] but was less profitable than the other trucking units.
[12] As a result, RSI announced in August 1995 that it would spin off Roadway Express as a separate, publicly traded company.
[13] In November 1995, Roadway Services announced it was changing its name to Caliber System, effective in January 1996 and would move its stock listing from the Nasdaq to the NYSE under the new symbol "CBB.
[17] Viking announced a wage freeze in July 1996 and in December said it would be eliminating 30 terminals and 1,500 jobs in a bid to reduce costs.