USFreightways will have $70 million accounting charge
USFreightways Corp. said today it would have first-quarter costs of $70 million for an accounting change. The trucking company will write down goodwill, the difference between the value of assets acquired and the price paid, for its USF Worldwide freight-forwarding unit under new accounting rules. The Chicago-based company said it will no longer routinely write down goodwill gradually, a process that