April 21, 2000 - Industry News
Hub Group, Inc., Lombard, IL, reported a loss in the first quarter largely attributable to one-time charges of approximately $700,000 and dramatically higher fuel costs.
Ryder System Inc. reported first quarter revenue from continuing operations of $1.31 billion, up 14% from first quarter 1999.
Higher fuel costs sent the first quarter earnings of Covenant Transport, down 37%, to $2.0 million from $3.2 million in the 1999 period.
CNF Inc., Palo Alto, CA, has reported first quarter operating income of $73.4 million, compared with $66.1 million in the same quarter a year ago. Revenue was $1.46 billion, up 17 percent
Higher fuel prices reduced the earnings per share of M.S. Carriers by 13 cents in the first quarter, the company says.
Specialized carrier Trism Inc. has ordered 315 new Freightliner Columbia 2001 model year tractors
April 20, 2000 - Industry News
Jackson, MS-based KLLM Chairman Jack Liles has made an offer to buy the company in a deal reportedly worth more than $33 million
UPS reported record results for the first quarter, with a 63% jump in net income for the quarter ending March 31
Landstar System, Jacksonville, FL, has introduced a new e-mail service exclusively for its agents and independent contractors
Rollins Truck Leasing Corp. posted record net earnings of $14.4 million for its second fiscal quarter ending March 31 -- up 29% from the same period last year and a company record
Operating revenue at Smithway Motor Xpress Corp., Fort Dodge, IA, increased 7.3% to $50.7
million in the first quarter from $47.3 million during the same quarter in 1999. Net earnings were $238,000, or $0.05 per diluted share,
April 19, 2000 - Industry News
"Turning Problems Into Profits: Managing Your Way Through An Oversupplied Used Truck Market," is the theme for the Used Truck Association's inaugural annual convention
Heavy, wet snow has closed a section of I-90 across South Dakota
American Freightways Corp., Harrison, AR, has relocated 12 terminals to newly constructed facilities. The new facilities are said to double American Freightways' capacity to serve its customers in these markets
While many other truckload carriers are reporting drops in earnings, Heartland Express, Coralville, IA, has reported an increase in first quarter net income. The fleet took in more than $9.1 million, compared to nearly $7.6 million
First quarter earnings for truckload carrier Swift Transportation dropped slightly due to higher fuel costs
April 17, 2000 - Industry News
First quarter revenue for J.B. Hunt Transport Services, Lowell, AR, rose 13% to $534
million, but net earnings dropped over 50% to $5 million, down from $10.6 million in the first quarter of 1999.
Werner Enterprises, Omaha, NE has reported a drop in earnings for the first quarter ended March 31, 2000 due to higher fuel prices. Operating revenues increased 21% to a record $291.4 million, compared to $241 million
April 14, 2000 - Industry News
Averitt Express, Cookeville, TN, has purchased 750 Volvo 660s and 750 Volvo VNM daycabs to be delivered over three years starting this month
April 13, 2000 - Industry News
Simon Transportation Services, Salt Lake City, UT, is back in the black with the announcement of its financial results for the quarter that ended March 31
Landstar System, Jacksonville, FL, reported record first quarter net income of $8.3 million, up from $7.5 million in the 1999 first quarter
USFreightways Corp., Rosemont, IL, has reported net income for the quarter ending April 1 $22.3 million, a 27% increase over the $17.5 million reported for the same period last year
Roadway Express, Akron, OH, has expanded its Mexican operations with the opening of a new service terminal in Queretaro
Class 6-8 vehicles operated at an average 83.5% capacity in first quarter 2000, up 2.1 percentage points from first quarter 1999, according to the latest survey by MacKay & Co. Researchers said this was the highest utilization rate since 1988.
The survey of 1,357 truck and bus fleets also indicated strong demand for truck transportation highlighted by an unusually small decline in utilization from fourth to first quarter
April 12, 2000 - Industry News
Budd Van Lines has opened a full-service, regional operation center in Kennesaw, GA
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