July 31, 2014 - Industry News
“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.
Tags: Fleets, Earnings, USA Truck
Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
Tags: Old Dominion Freight Line, Fleets, Earnings, Panther, ABF, ArcBest Corp.
Trucking company and logistics parent Con-way Inc. has reported second-quarter net income of $53.7 million, or 93 cents per diluted share. This compares to second-quarter 2013 net income of $42.9 million, or 75 cents per diluted share.
Tags: Fleets, Earnings, Con-Way, Con-way Inc.
July 30, 2014 - Industry News
Freight rates on the spot market, along with the number of loads available, have hit their typical seasonal slump, according to new figures released from the freight-matching service provider DAT.
Tags: Spot Freight, DAT Transcore, Freight Rates
The California Supreme Court issued a decision this week affirming the state’s labor and unemployment compensation laws are not preempted by federal statute, specifically the Federal Aviation Administration Authorization Act of 1994.
Tags: Drivers, California, Fleets, Litigation, Independent Contractors
It totaled nearly $118.6 million compared to almost $111.9 while net revenue increased 10.2% to $521 million for the Minnesota-based company.
Tags: Fleets, Earnings, C.H. Robinson
Less-than-truckload carrier Saia reported a slight increase in profit during the second quarter of the year as revenue also moved higher.
The U.S. economy surged in the second quarter of the year, bouncing back from its worst performance in five years, according to new U.S. Commerce Department figures.
Tags: Economy, GDP, Unemployment, Employment
July 29, 2014 - Industry News
The Senate passed a short-term patch to keep the Highway Trust Fund solvent until December 19, in effect setting up a vote this year on a long-term highway program. The $8 billion bill now goes to the House, which must act quickly if Congress is to keep the fund from going over the precipice.
Tags: Highway Funding, U.S. Senate, Highway Trust Fund, U.S. House
XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.
Tags: Fleets, Logistics, Mergers & Acquisitions, XPO Logistics
Contract logistics provider, Exel, and its sister logistics company, DHL Supply Chain, have formed a new freight brokerage company, Exel Freight Connect.
Tags: Freight, Brokers, Exel Freight Connect
A record amount of containers and cargo moved through the Port of Savannah during the 2014 fiscal year that just ended, according to the Georgia Ports Authority.
Tags: Georgia, Ports, Port Trucking
U.S. consumer confidence increased in July -- the third month in a row, according to a new survey from the private research group The Conference Board.
Tags: Economy, Consumer Confidence
Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.
Tags: UPS, Fleets, Earnings, UPS Freight
July 28, 2014 - Industry News
Despite June’s decrease, the index is above 100, considered an average level of contract activity, for the second consecutive month after failing to reach the mark since November 2013.
While there has been no official word from less-than-truckload carrier ABF Freight or its parent ArcBest Corp., it appears the company has plans for a move and expansion of one of its primary facilities.
Tags: Tennessee, Arkansas, Fleets, ABF, ArcBest Corp., LTL
The freight brokerage firm Total Quality Logistics has selected St. Louis to open its new office, giving it locations in 14 states.
Tags: Missouri, Fleets, Logistics, Total Quality Logistics
Dry van truckload carrier P.A.M. Transportation Services has reported a sharp upturn in profit for the second quarter of the year despite a small drop in revenue.
Tags: Fleets, Earnings, P.A.M. Transportation
Freight transportation provider Schneider plans to double the size of its bulk intermodal trailer service to around 1,000 units throughout all of North American, including with new service into Canada and Mexico.
Tags: Intermodal, Fleets, Schneider, Schneider National
July 25, 2014 - Industry News
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
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
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
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
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
New home sales dropped in June and the Commerce Department revised the extraordinarily strong May figures downward.
Tags: Economy, Home Sales
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