Saia Profit Up Despite Lower Revenues
The mainly less-than-truckload carrier Saia Inc. saw its first quarter profit move higher, according to its earnings report released Wednesday.
The mainly less-than-truckload carrier Saia Inc. saw its first quarter profit move higher, according to its earnings report released Wednesday.
The number of available loads on the spot truckload market decreased 2.4% while capacity increased 4.5% during the week of April 25 compared to the previous week, according to DAT Solutions, which operates the DAT network of load boards.
Freight-factoring providers are going beyond merely easing cash flow for fleets.
At the National Private Truck Council annual meeting, economist Kenny Vieth declared private fleets are now “sitting in the catbird seat” because they are “poised for growth” as the economy keeps gaining speed and freight volumes keep rising.
Port truck drivers from four trucking companies continued picketing at the Ports of Los Angeles and Long Beach, disrupting cargo operations across Southern California as far south as the border.
Truckload carrier Celadon Group Inc., reported its profit in the first quarter of the year more than doubled from the same time a year ago.
A measure of U.S. consumer confidence fell in April, its biggest drop since October 2013 and the lowest level in four months.
Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
Swift Transportation Co. tripled its net income in the first quarter of the year, totaling $37.8 million, or diluted earnings per share of 26 cents, compared to $12.3 million, or 9 cents per share a year earlier.
Hundreds of truckers from companies servicing the Ports of Los Angeles and Long Beach have walked off the job to protest what they say are unfair labor practices due to improper employee classification.
Growth in the U.S. service sector during April eased from a seven-month high in March, according to the financial information services provider Markit, but numbers still point to strong start to the second quarter.
Omnitracs, LLC has launched an informational website on the upcoming electronic logging device mandate-- www.ELDfacts.com.
Navman Wireless released the Drive suite of applications combining fleet management, communication, navigation, dispatching, and documentation systems into a single interface.
Orders for big ticket, long lasting durable goods increased 4% in March, the biggest gain in eight months, but a key indicator of business investment fell for the second consecutive month.
The American Trucking Associations remains committed to seeing a surface transportation package passed this year that will ensure a long-term fix for the Highway Trust Fund.
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