Fleet Management

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October 24, 2014 - Industry News

Canadian Carrier Leases 100 Ryder CNG Sleepers

Ryder's trucks will replace nearly one-third of the C.A.T. (formerly Canadian American Transportation) fleet of 325 vehicles.

Tags: Ryder, Fleet Leasing, CNG, Sleepers

October 24, 2014 - Industry News

Con-way Freight Rates Heading Higher

Less-than-truckload carrier Con-way Freight said Friday it will implement a general rate increase averaging 4.7% for non-contractual business, effective Oct. 27.

Tags: Con-way Freight, Freight Rates, Con-way Inc., LTL

October 24, 2014 - Industry News

Economic Watch: New Home Sales Highest Since 2008

UPDATED -- Sales of new homes in the U.S. hit a six-month high last month while the improvement for August was cut dramatically, according to a new U.S. Commerce Department report.

Tags: Economy, Home Sales

October 24, 2014 - Industry News

Swift Third-Quarter Profit Surges

Photo: Evan Lockridge

With year-over-year profitability improvements in its truckload, intermodal and refrigerated segments, Swift Transportation saw its net income surge to $50.2 million in the third quarter, compared to $30 million a year ago.

Tags: Fleets, Earnings, Swift Transportation

October 24, 2014 - Industry News

Forward Air Third Quarter Income Higher

Photo: Evan Lockridge

Net income during the period was $16.7 million compared to $14.2 million in the prior-year quarter or 54 cents per diluted share compared with 46 cents per diluted share.

Tags: Fleets, Earnings, Forward Air

October 24, 2014 - Industry News

UPS Grows Third Quarter Profit

Higher package volume and growth in distribution and UPS Freight business led UPS Inc. to an upswing in third-quarter earnings compared to a year ago.

Tags: UPS, Fleets, Earnings, UPS Freight, LTL

October 24, 2014 - Industry News

Driver Aids Children in Fatal Accident

David Ragland. Photo: TCA.

David Ragland was named a Highway Angel by the Truckload Carriers Association for his actions in aiding two children in the aftermath of a fatal accident.

Tags: Tennessee, Fatal Accidents, Utah, TCA, TCA Highway Angel, Image

October 23, 2014 - Industry News

Hub Group Profit Posts Big Decline

Photo: Evan Lockridge

The Illinois-based operation reported income of $4.5 million compared to $18.6 million in the third quarter of 2013 with diluted earnings per share of 12 cents compared to 50 cents a year earlier.

Tags: Fleets, Earnings, Hub Group

October 23, 2014 - Industry News

OSHA Hits Carrier with $43,000 in Fines

The Occupational Safety and Health Administration has cited a solid waste removal trucking company for five safety and health violations following an inspection at the company's Mableton, Georgia, facility.

Tags: Regulations, OSHA, Safety, Georgia, Enforcement

October 23, 2014 - Industry News

U.S. NAFTA Freight Above $100 Billion for Sixth Straight Month

Percent change in value of U.S.-NAFTA freight flows by mode, August 2013 compared to August 2014. Graphic: U.S. DOT

U.S. freight movements with Canada and Mexico saw imports increase 3.6% while exports gained 5.2% from a year earlier, according to the U.S. Transportation Department.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, NAFTA, Surface Trade

October 23, 2014 - Industry News

Economic Watch: Leading Indicators, Manufacturing Ease

A measure of where the American economy is headed in the next three to six months shows conditions are improving, but not as fast as they have been, according to the private research group The Conference Board.

Tags: Economy, Manufacturing, Leading Economic Indicators

October 23, 2014 - Industry News

FedEx Predicts Record Holiday Volume

The season is expected to be bolstered by three volume spikes throughout December, occurring the first three Mondays of the month and each expected to surpass 20 million shipments in volume.

Tags: Fleets, Freight, FedEx

October 23, 2014 - Industry News

Landstar Reports Record Profit, Revenue; Forecasts Higher Numbers

Photo: Evan Lockridge

Freight transportation provider Landstar System has reported record third quarter net income of $36.8 million, or 82 cents per diluted share, on record revenue of $819 million.

Tags: Fleets, Earnings, Landstar System

October 23, 2014 - Industry News

Meek Named Celadon COO, Executive Vice President

Celadon Trucking Services parent Celadon Group has names Erik Meek chief operating officer. He previously served as executive vice president, chief financial officer and treasurer.

Tags: Celadon Group, Fleets, People

October 22, 2014 - Industry News

Truckload Linehaul, Intermodal Rates Rise

The Cass Truckload Linehaul Index, which measures changes in per-mile truckload linehaul rates, rose 6.7% year-over-year in September and increased 2.4% above the August level.

Tags: Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates

October 22, 2014 - Industry News

Knight Transportation Profit Leaps More Than 66%

With strong demand and tight capacity continuing, Knight Transportation's third-quarter profits are up more than 66% over a year ago, thanks to higher revenue per tractor and per loaded mile and fewer empty miles.

Tags: Fleets, Earnings, Knight Transportation

October 22, 2014 - Industry News

Cargo Volume Hits 7-Year High at Long Beach Port

Photo: Port of Long Beach

Cargo container traffic rose 7.3% in September at the Port of Long Beach compared to the same month last year, marking the Southern California seaport’s busiest September since 2007, the Port’s peak year.

Tags: Port of Long Beach, Freight, Ports, Port Trucking

October 22, 2014 - Industry News

DAT: Spot Freight Rates Down, Still Relatively Strong

Vans reported the biggest decline from Oct. 12 through Oct. 18 compared to the previous seven days, falling 1% to an average of $2.01 per mile, though the rate has been above the $2 per mile level for most of the year.

Tags: Spot Freight, Freight Rates, DAT Solutions

October 22, 2014 - Industry News

PS Logistics Purchases Two Tennessee-Based Fleets

The acquisition of Tennessee-based carriers adds a combined 220 new drivers, 210 tractor trucks and over 500 trailers to the P&S fleet offering reefer, flatbed and dump trucking services to customers including the aluminum, steel, food and building materials industries, according to PS Logistics.

Tags: Fleets, Mergers & Acquisitions, PS Logistics

October 22, 2014 - Industry News

Covenant Transportation Group Profit Falls Slightly

The decline was not surprising with the company announcing last month it was hit with a multi-million dollar judgment.

Tags: Covenant Transport, Earnings, Covenant Transportation Group

October 22, 2014 - Industry News

Economic Watch: Consumer Prices Barely Move Higher

Consumer prices in the U.S. remained in check during September, increasing just 0.1%, according to the U.S. Labor Department.

Tags: Economy, Consumer Prices

October 21, 2014 - Industry News

Miami Port, Railway Offering New Service for Faster Shipments

Photo: FECR Twitter page

Called the Sunshine Gateway service, this ship to rail transfer allows the port to handle additional volumes and ensures that shipments move more quickly with the potential to reach 70% of the United States population in four days or less

Tags: Railroads, Intermodal, Ports, PortMiami

October 21, 2014 - Industry News

Economic Watch: Existing Home Sales Hit Highest Level in a Year

Photo: Evan Lockridge

The latest housing starts figures show the housing market continues to move in the right direction, finally recapturing 2013 levels after a weak start to the year.

Tags: Economy, Home Sales

October 21, 2014 - Industry News

Driver Shortage Top Challenge for Heavy-Duty Fleets

Graph via CKCVR.

An annual survey of fleet representatives found that the driver shortage and improving fuel efficiency are among the key issues for heavy-duty fleets. The findings were published in the CK Commercial Vehicle Research 2014 Annual Fleet Study.

Tags: Fuel Efficiency, Driver Shortage, Fleet Survey, CKCVR

October 21, 2014 - Industry News

FMCSA Clarifies Home Heating Emergency Rule

The Federal Motor Carrier Safety Administration clarified its rule for tank carriers providing service in a home heating emergency.

Tags: FMCSA, Tankers, Hours of Service

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