February 2, 2015 - Industry News
Annual cargo volumes handled at the Port of New York and New Jersey set a new record in 2014, surpassing the previous record set in 2012.
Tags: Intermodal, Ports, Port Trucking, Port of New York and New Jersey
Consumer spending during December posted its biggest drop since September 2009, according to a new U.S. Commerce Department report on Monday.
Tags: Economy, Manufacturing, Consumer Spending, Construction Spending
Replacing Green Fleet Conference & Expo traditionally held in October, the first annual Fleet Technology Expo is for all fleet types looking for ways to improve operational efficiencies.
Tags: Bobit Business Media, Green Fleet Conference, Fleet Technology Expo, Events, Fleet Events
January 30, 2015 - Industry News
Seven U.S. port truck drivers last week won what a Teamsters Union-backed group called a “historic precedent-setting victory” against one trucking company, when they were awarded more than $2 million in a court challenge over claims of wage theft in the form of unlawful payroll deductions and expenses.
Tags: Truck Drivers, California, Ports, Teamsters, Litigation, Port Trucking
Cardinal Logistics Management Corp. has announced the appointment of Tom White as executive chairman of Cardinal and its parent company, Cardinal Logistics Holdings LLC.
Tags: People, Cardinal Logistics
FedEx Corp. announced on Friday it completed the acquisition of Genco Distribution System Inc., one of the largest third-party logistics providers in North America.
Tags: 3PL, Fleets, Mergers & Acquisitions
The Truckload Carriers Association and the driver training company CarriersEdge have selected 20 trucking companies from across North America as top fleets in the Best Fleets to Drive For competition.
Tags: Truck Drivers, Competition, Fleets, TCA, Best Fleets to Drive For, CarriersEdge, Truckload Carriers Association
The less-than-truckload and logistics services provider Saia Inc. on Friday reported a significant hike in its fourth quarter net income, totaling $13.6 million compared to $8.1 million a year earlier.
Tags: Fleets, Earnings, Saia
The American Trucking Associations has promoted four to new positions, including a new senior vice president of legislative affairs and vice president of highway policy.
Tags: American Trucking Associations, Associations, People
A first look at one of the widest measures of the U.S. economy shows activity cooled in the fourth quarter of 2014.
Tags: Economy, GDP, Consumer Sentiment
Net income totaled $32.7 million while revenue increased 7% to $553.2 million. Earning per diluted share were up 49% to 45 cents.
Tags: Werner Enterprises, Fleets, Earnings
January 29, 2015 - Industry News
Drivers are more satisfied with a percentage split pay compared to hourly or per mile methods, according to a recent study by Stay Metrics.
Tags: Driver Shortage, Driver Retention, Driver Recruitment, Stay Metrics
The Heavy Duty Manufacturers Association named Tim Myers, president of Alcoa Wheel and Transportation Products, as its chairman of the Board of Directors.
Tags: Leadership, HDMA, Alcoa, People
Newly released U.S. Transportation Department figures show the amount of freight moved between the U.S. and its Canadian and Mexican neighbors edged higher by just 0.1% in November from the same time a year earlier.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade
A measure of truckload linehaul rates show they rose 7.4% in December compared to the same time in 2013.
Tags: Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates
The trucking operation Landstar System Inc. reported record quarterly revenue on Thursday as part of its fourth quarter earnings release.
Tags: Fleets, Earnings, Landstar System
January 28, 2015 - Industry News
The Indiana-based trucking operation Celadon Group Inc. on Wednesday reported a near 67% increase in its net profit during its fiscal second quarter ending with the close last December.
Tags: Fleets, Earnings, Swift Transportation
Net income totaled $58.5 million, up from $45.3 million the same time a year earlier, while basic earnings per share were 41 cents compared to 32 cents during the same time in 2013 for the Arizona-based company.
The U.S. Senate's Environment and Public Works Committee has launched its effort to draft a new highway bill with vows to work out political differences in order to restore the health of the nation’s infrastructure.
Tags: Congress, Senate, Highway Funding, Highways, Legislation
The owner of a trucking company received the maximum sentence possible by a federal court in Missouri after pleading guilty last year for his role in a cargo theft scheme.
Tags: Missouri, Cargo Theft, Crime
Marine ports in Georgia ended 2014 with growth in all cargo sectors, including a 10.2% increase in twenty-foot equivalent container units, and a 7.4% increase in total tonnage, according to new figures released by the Georgia Ports Authority.
Tags: Georgia, Freight, Ports, Port Trucking, Port of Savannah
Trucking company Knight Transportation Inc. has reported significant increases in net income and revenue for the final quarter of last year and for all of 2014.
Tags: Fleets, Earnings, Knight Transportation
Speaking at Heavy Duty Aftermarket Dialogue in Las Vegas, Bob Dieli, founder of RDLB says the expansion is in it 67th month and is closing in on being longer than the November 2001 to December 2007 expansion, which lasted 73 months.
Tags: Aftermarket, HDAD, Inflation, Economic Conditions
Rates on the spot freight market continued falling the past week due to fewer loads available and increasing truck capacity, according to the freight matching service provider DAT Solutions.
Tags: Spot Freight, Freight Rates, DAT Solutions
January 27, 2015 - Industry News
While demand for used trucks is high, the supply is not keeping up, causing a decline in used truck sales from traditional retailers, but an increase in sales overall.
Tags: ACT Research, Truck Orders, Used Truck Sales
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