Fleet Management

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July 25, 2014 - Industry News

Judge Approves $3 Million Settlement in OOIDA, C.R. England Case

A federal judge, ending more than a decade of litigation, has approved a legal settlement between the Owner-Operator Independent Drivers Association and the trucking company C.R. England.

Tags: Drivers, C.R. England, OOIDA, Fleets, Litigation, Independent Contractors

July 25, 2014 - Industry News

Truck Movements Into U.S. Increase for Fourth Straight Year

The number of commercial truck crossings into the United States from Canada and Mexico was 10.8 million in 2013, 1.1% more than in 2012, according to new U.S. Department of Transportation figures.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, U.S. DOT

July 25, 2014 - Industry News

Cross-Border Trade Up in May

The value of trade between the United States and its North American trading partners rose in May compared to a year ago, reports the Department of Transportation, led by petroleum products going by pipeline between the U.S. .and Canada, and electrical machinery going by truck between the U.S. and Mexico.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, NAFTA, BTS

July 25, 2014 - Industry News

Economic Watch: Durable Goods Higher, Construction Advances

UPDATED -- Shipments and new orders for durable manufactured goods both increased in June following declines the month before, while total U.S. construction in June hit its highest level so far this year.

Tags: Economy, Durable Goods, Construction

July 25, 2014 - Industry News

Swift Transportation Profit Falls in Second Quarter

Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.

Tags: Fleets, Earnings, Swift Transportation

July 24, 2014 - Industry News

Economic Watch: New Home Sales Drop in June

New home sales dropped in June and the Commerce Department revised the extraordinarily strong May figures downward.

Tags: Economy, Home Sales

July 24, 2014 - Industry News

Covenant Profit Doubles During Second Quarter

Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.

Tags: Covenant Transport, Fleets, Earnings

July 23, 2014 - Industry News

Knight Transportation Profit Gains 36%, New Business Unit Formed

Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.

Tags: Fleets, Earnings, Knight Transportation

July 23, 2014 - Industry News

OOIDA Praising Truckers’ Lawsuit Over Driver Safety Records

Six members of the Owner-Operator Independent Drivers Association filed a class-action suit against the Federal Motor Carrier Safety Administration last week under the Federal Privacy Act charging that the agency is unlawfully disseminating reports of driver safety records to potential employers.

Tags: FMCSA, Driver Safety, OOIDA, Litigation

July 23, 2014 - Industry News

Landstar Posts Record Second Quarter Profit, Revenue

Photo: Evan Lockridge

Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.

Tags: Fleets, Earnings, Landstar

July 23, 2014 - Industry News

Spot Freight Rates Remain Above Norm Despite Declines

Demand remained strong and rates were above the norm, despite a slight seasonal decline during the week ending July 19 compared to the previous seven days, according to the freight matching service provider DAT and its network of load boards.

Tags: Spot Freight, DAT Transcore

July 23, 2014 - Industry News

Forward Air Profit Increases 24.6% in Second Quarter

Photo: Evan Lockridge

Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013.

Tags: Fleets, Earnings, Forward Air

July 22, 2014 - Industry News

South Carolina Sees 8% Increase in Container Volume

The SC Ports Authority reported a strong finish for the 2014 fiscal year on Monday with 8% container growth, an increase of 2% over projected plans.

Tags: Intermodal, South Carolina, Ports, Port Trucking

July 22, 2014 - Industry News

FMCSA Warning Carriers About Fraud Schemes

The Federal Motor Carrier Safety Administration is warning carriers to be on the lookout for new fraud schemes as thieves try to get financial or banking information.

Tags: FMCSA, Federal Motor Carrier Safety Administration, Crime & Fraud

July 22, 2014 - Industry News

Analyst Questions Filing Charges Against FedEx Over Drug Shipments

Photo via FedEx Facebook page

Why is the government filing charges against parcel delivery and trucking giant FedEx? That is the key question said the investment firm Stifel in a note to investors following FedEx disclosing last week it had been indicted by the federal government for allegedly engaging in unlawful distribution of controlled substances.

Tags: Law Enforcement, Crime & Fraud, Fleets, FedEx

July 22, 2014 - Industry News

Truck Tonnage Index Declines in June from May, Higher Versus Year Ago

Graphic: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 0.8% in June, following a revised 0.9% gain the previous month.

Tags: Economy, American Trucking Associations, Truck Tonnage, Truck Tonnage Index

July 22, 2014 - Industry News

Heartland Second Quarter Profit Moves 38.7% Higher

Photo: Evan Lockridge

Trucking company Heartland Express saw its second quarter net income increase 38.7% compared to the same time a year ago, while revenue skyrocketed 69.3% during the same time.

Tags: Fleets, Earnings, Heartland Express, Gordon Trucking

July 22, 2014 - Industry News

Economic Watch: Consumer Prices Gain Less, Existing Home Sales Best Since October

Photo: Pen Waggener via Wikimedia Commons

Consumer prices rose again in June, but the pace was less than it was the month before, according to the U.S. Labor Department.

Tags: Economy, Consumer Prices, Home Sales

July 21, 2014 - Industry News

All-Electronic Tolling Coming to N.Y. Thruway

Kapsch TrafficCom has received notice to proceed from the New York State Thruway Authority to develop, install and provide technical support for an all-electronic tolling system. This new system eliminates the need for Thruway drivers to stop or slow down at tolling points.

Tags: New York, Tolls, New York Thruway, Toll Management

July 21, 2014 - Industry News

ATA Predicts Continued Growth for Industry, Revenues

Source: ATA U.S. Freight Transportation Forecast to 2025

Freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will jump 72%, according to the American Trucking Associations' U.S. Freight Transportation Forecast to 2025, a look at the future of freight. It predicts continued growth for both the trucking industry and freight economy overall.

Tags: ATA, American Trucking Associations, Forecast, Statistics, Freight

July 21, 2014 - Industry News

Roadrunner Purchases Indiana-Based Logistics Provider

Asset-light trucking and logistics provider, Roadrunner Transportation Systems, has acquired Integrated Services, ISI Logistics and ISI Logistics South for $13 million.

Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions

July 21, 2014 - Industry News

Colorado Adding Temporary Express Lanes to Crowded Part of I-70

The Colorado Department of Transportation has started work on the Eastbound I-70 Peak Period Shoulder Lane project creating temporary eastbound express lane between Idaho Springs and Empire, but commercial trucks will not be able to use them.

Tags: Colorado, Tolls, Traffic Congestion, I-70, Road Construction, Interstate 70

July 21, 2014 - Industry News

Werner Second Quarter Profit Dips Slightly

Photo: Evan Lockridge

Trucking and logistics company Werner Enterprises saw its profit slip in the second quarter of the year despite increased revenue.

Tags: Werner Enterprises, Fleets, Earnings

July 20, 2014 - Industry News

Omnitracs Moves Headquarters to Dallas

Dallas, Texas will soon become the new corporate headquarters of fleet management solutions provider, Omnitracs. Expanding to Dallas will enable the company to capitalize on the region’s substantial transportation infrastructure and logistics expertise, the company says.

Tags: Omnitracs

July 18, 2014 - Industry News

Werner Enterprises Investing in Chinese Carrier

Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.

Tags: International, Werner Enterprises, Fleets, Mergers & Acquisitions

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