February 4, 2015 - Industry News
Spot market freight rates and activity remained stuck in a seasonal lull during the final week of January, according to the freight matching service provider DAT Solutions.
Tags: Spot Freight, Freight Rates, DAT Solutions
The parent company to trucking operations ABF Freight, Panther Premium Logistics and others reported profit increased 41% in the final quarter of 2014 while it nearly tripled for all of last year.
Tags: Earnings, ABF, ArcBest Corp.
February 3, 2015 - Industry News
A “Budget Highlights” document issued by the U.S. Department of Transportation details how the $478 billion apportioned for spending on surface-transportation infrastructure over the next six years would be put to work.
Tags: Budget, Highway Funding, U.S. Congress, President Obama
Michael Jackson is retiring as general manager of Western Star Truck Sales after 10 years with Daimler Trucks North America. He is being succeeded by Kelley Platt.
Tags: Retirement, Leadership, Western Star, People, Daimler Trucks North America
The trucking company Heartland Express Inc. on Tuesday announced fourth quarter 2014 earnings showing net income increased 36% from the same time in 2013 totaling $21.5 million.
Tags: Earnings, Heartland Express
A full report on activity at U.S. factories in December shows drops in both shipments and new orders, according to the U.S. Commerce Department.
Tags: Economy, Durable Goods, Factory Orders, Factory Shipments
Michael J. Riley is retiring from his post as the president of the Motor Transport Association of Connecticut after 29 years.
Tags: Retirement, Connecticut, People, State Legislation, Trucking Associations
Depending on how you look at it, parcel and trucking giant UPS either saw its fourth quarter profit fall a little or a lot compared to a year earlier, thanks to expenses incurred avoiding the previous year's holiday delivery delays.
Tags: UPS, Earnings, UPS Freight
February 2, 2015 - Industry News
President Obama has proposed $478 billion in spending on transportation infrastructure over the next six years in his $4 trillion budget proposal.
Tags: Highway Funding, President Obama, U.S. Congress
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, 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, 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: 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, 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: Earnings, Landstar System
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