TRANSPORT BRIEFS

TRANSPORT BRIEFS

NAVISTAR PLANS

PUBLIC STOCK OFFERING

WASHINGTON - Navistar International Corp. has filed a registration statement with the Securities and Exchange Commission to offer 22 million additional shares of common stock to raise an estimated $500 million.

Navistar said it plans to use $300 million to pre-fund company obligations for post-retirement health-care benefits to a health-care trust that must be funded within five years. The balance of the funds raised will be used for working capital.

Navistar said it would have 73 million shares outstanding after the offering is completed. The SEC must approve the offering before it becomes effective.

The filing was made Monday.

CS First Boston, Lehman Brothers Inc. and J.P. Morgan Securities Inc. are the underwriters.

FLEMING TO EXPAND

KANSAS CITY FOOD PLANT

OKLAHOMA CITY, Okla. - Fleming Cos. plans a $15 million to $20 million expansion of its food distribution plant in Kansas City, Kan.

The project replaces Fleming's previously announced plans to build a large warehouse in the Kansas City area.

Several factors, including the economy and a major fire in another company facility, led to the decision to expand, said Glenn Mealman, executive vice president of the Mid-America region.

"Our first priority is to serve retailers in this area more efficiently while keeping costs low," Mr. Mealman said. "Expansion and consolidation of our facilities proved to be the best option for achieving that objective

because we already had an excellent location."

The plan seeks to secure long-term leases for the existing dry grocery building and an adjacent building. Both will then be expanded, resulting in a total warehouse space of more than 850,000 square feet for dry groceries. Construction will take about a year.