Fleet Management

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February 3, 2014 - Industry News

EEOC Sues NFI Industries for Gender-Based Wage Discrimination

The U.S. Equal Employment Opportunity Commission recently filed a lawsuit for gender-based wage discrimination lawsuit against NFI Road Rail and NFI Industries.

Tags: NFI, Fleets, Litigation, EEOC

February 3, 2014 - Industry News

Fleet Sentiment Report Shows Positive Signs for Q1 2014

Sixty-two percent of the fleet executives responding to the Q1 2014 Fleet Sentiment survey conducted by CK Commercial Vehicle Research in January indicated they planned to place orders for Class 8 trucks in the next three months.

Tags: Class 8, CK Commercial Vehicle Research, Trailer orders

February 3, 2014 - Industry News

Economic Watch: January Manufacturing Slows, 2013 Construction Explodes

Photo: Evan Lockridge

Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, but retreated from levels seen in December, say the nation's supply executives.

Tags: Economy, Manufacturing, Construction Spending

February 3, 2014 - Industry News

Michigan DOT Turns Back Ambassador Bridge Haz-Mat Request

Thje Michigan Department of Transportation has determined that public safety would not be enhanced by allowing corrosive or flammable materials to cross the Ambassador Bridge in Detroit.

Tags: Cross-Border Trucking, Michigan, Surface Trade, Hazmat, Ambassador Bridge

February 3, 2014 - Industry News

XPO Prices Stock Offering at $25 Per Share

XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.

Tags: Fleets, XPO Logistics, Pacer International

February 3, 2014 - Industry News

Norfolk Southern Opens Rail Truck Transfer Terminal in Virginia

Norfolk Southern railway has opened a new rail truck transfer facility in Chesapeake, Va. to serve Hampton Roads-served markets, as well as markets overseas with its close proximity to nearby container terminals.

February 3, 2014 - Industry News

YRC Worldwide Successfully Closes $300 Million Debt Reduction

Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide, YRC Freight

February 3, 2014 - Industry News

FDA Proposes New Rules for Transporting Food

The U.S. Food and Drug Administration will officially propose a rule that would require certain shippers, receivers, and carriers who transport food by motor or rail vehicles to take steps to prevent the contamination of human and animal food during transportation.

Tags: Regulations, FDA, Safety & Compliance, Freight

January 31, 2014 - Industry News

Saia, Celadon, Landstar Report Earnings

The average age of Celadon's company’s tractor fleet was 1.7 years as of December 2013 and the average age of the trailer fleet was 2.4 years. (Photo by Evan Lockridge)

Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.

Tags: Fleets, Earnings, Saia, Celadon, Landstar

January 31, 2014 - Industry News

Economic Watch: Consumer Spending Up, Sentiment Down

Consumer spending in the U.S. posted modest gains in December and all of last year, according to new Commerce Department figures.

Tags: Economy, Consumer Confidence, Consumer Spending

January 31, 2014 - Industry News

YRC Worldwide Successfully Amends Credit Agreement

YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.

Tags: Fleets, Teamsters, YRC Worldwide

January 30, 2014 - Industry News

FMCSA Expands Cold Weather Emergency Declarations

The Federal Motor Carrier Safety Administration has expanded emergency declarations it issued earlier this month, waiving enforcement of some federal regulations for certain movements of propane and other home heating fuels due to shortages

Tags: FMCSA, Florida, Drivers, Hours of Service, Propane Autogas, North Dakota, Safety & Compliance, South Dakota

January 30, 2014 - Industry News

Field Study Proves Benefit of Restart Rule, FMCSA Says

A field test of the 34-hour restart provision of the new hours-of-service rule shows that the restrictions improve safety, the Federal Motor Carrier Motor Safety Administration reports.

Tags: FMCSA, Drivers, HOS, Hours of Service

January 30, 2014 - Industry News

UPS 2013 Profit Leaps to $4.4 Billion

Trucking, parcel and logistics giant UPS increased profit in the final quarter of the year and for all of 2013.

Tags: UPS, Fleets, Earnings, UPS Freight

January 30, 2014 - Industry News

Arkansas Best Moves from Loss to Profit in 2013

The parent company to less-than-truckload carrier ABF Freight System and ground expedite fleet Panther Expedited Services reported a profit in the final quarter of 2013 after reporting a loss a year earlier.

Tags: Fleets, Earnings, Arkansas Best, Panther, ABF

January 30, 2014 - Industry News

Economic Watch: GDP Advances at Annual Rate of 3.2% for Quarter

The U.S. economy expanded at a healthy pace in the final quarter of last year amid a big jump in consumer spending, according to new Commerce Department figures.

Tags: Economy, GDP, Consumer Spending

January 29, 2014 - Industry News

Enforcement Community Spells Out What it Wants in Highway Bill

Police and roadside inspectors are calling for changes in how the Department of Transportation administers the truck safety program. At a hearing Tuesday before the House Subcommittee on Highways and Transit, Thomas Fuller, a sergeant in the New York State Police, outlined what the enforcement community wants in the next highway bill.

Tags: Commercial Vehicle Safety Alliance, FMCSA, Safety, Congress, CSA, DataQ, MCSAP

January 29, 2014 - Industry News

Economic Watch: Federal Reserve Stays the Course in Final Bernanke Meeting

Federal Reserve Chairman Ben Bernanke

In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.

Tags: Economy, Federal Reserve, People

January 29, 2014 - Industry News

Hub Group Quarterly Income Drops, Increases in 2013

Photo: Evan Lockridge

Hub Group has announced financial results showing income of $16.5 million for the fourth quarter of last year or earnings per share of 45 cents...

Tags: Fleets, Earnings, Hub Group

January 29, 2014 - Industry News

Con-way Truckload Driver Reaches 4 Million Miles

Con-way Truckload is recognizing Jon Smith, an independent contractor, for surpassing 4 million miles of professional driving for the company. Similar to small business owners, independent contractors own or lease their trucking equipment and work as their own bosses.

Tags: Driver Safety, People, Con-way Truckload

January 29, 2014 - Industry News

Spot Truck Freight Volume and Rates Drop

Click on graphic to enlarge.

After a strong start to the month, freight activity and rates on the spot truckload market tapered off during the week ending Jan. 25 compared to the previous seven days.

Tags: Fleets, Freight, Owner-Operators, Spot Freight, DAT Transcore

January 29, 2014 - Industry News

Economic Watch: Trucks Moving More NAFTA Trade

Percent Change in Value of U.S.-NAFTA Freight Flows by Mode, November 2013 Compared to November 2012. Credit: U.S. DOT

Three of the five transportation modes - truck, rail and pipeline - carried more U.S.-NAFTA trade in November 2013 than they did a year earlier, according to new figures from the U.S. Transportation Department.

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

January 29, 2014 - Industry News

Knight Transportation Profit Jumps in Fourth Quarter and 2013

Photo: Evan Lockridge

Truckload carrier and logistics provider Knight Transportation announced Wednesday its fourth quarter 2013 profit increased 12.7% to $20.1 million or 25 cents per share, from $17.7 million or 22 cents per share a year earlier.

Tags: Fleets, Earnings, Knight Transportation

January 29, 2014 - Industry News

Obama Repeats Call for Tax Reform to Fund Highways

President Barack Obama delivers the State of the Union address at the U.S. Capitol in Washington, D.C., Feb. 12, 2013. (Official White House Photo by Chuck Kennedy)

In his State of the Union address Tuesday night President Obama repeated his call to use corporate tax reform to fund a large, one-time infusion of money into infrastructure.

Tags: Infrastructure Funding, President Obama, Natural Gas, ATA

January 28, 2014 - Industry News

Werner Profit Slips for All of 2013

Photo: Evan Lockridge

Nebraska-based trucking and logistics company Werner Enterprises has reported a decline in net income for the fourth quarter and all of last year.

Tags: Werner Enterprises, Fleets, Earnings

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