Landstar Reports Record Revenue, Earnings
Landstar System reported record first quarter diluted earnings per share of 67 cents on record first quarter revenue of $762 million.
Landstar System reported record first quarter diluted earnings per share of 67 cents on record first quarter revenue of $762 million.
The Federal Motor Carrier Safety Administration is seeking public comment on its potential development of a program that would take into consideration a motor carrier’s “proactive voluntary implementation of state-of-the-art best practices and technologies” when evaluating the company’s safety program.
Cargo Transporters recently started installing in-cab satellite TV systems in some of its trucks and the driver feedback has been encouraging.
Peterbilt’s SmartLinq remote diagnostics system provides customers with real-time fleet health information to alert fleet managers to vehicle problems and help them manage service.
Sales of new homes in the U.S. during March fell the most in more than 18 months following three straight monthly gains, according to the Commerce Department.
Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue.
Freight movements between the U.S. and Canada and Mexico fell in February, hitting its lowest level in terms of value since 2011, according to new U.S. Transportation Department figures.
The Teamsters union was defeated in a representation election at the Con-way Freight facility in Buffalo, N.Y. This marks the sixth election in which Con-way employees have voted against representation by the union.
East Manufacturing has named Great Western Leasing & Sales Inc. in Fontana, Calif., as an authorized East dealer.
Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.
A measure of truckload rates shows it hitting an all-time high in March, increasing 5.1% from the same time a year ago.
Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.
Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.
National average spot truckload rates drifted down during the week ending April 18 compared to the previous week, according to new figures from DAT Solutions and its network of load boards.
American Trucking Associations’ For-Hire Truck Tonnage Index increased by 1.1% in March marking the 5th monthly increase in the past 6 months.
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