February 8, 2000 - Industry News
Con-Way Southern Express has held the groundbreaking for its $6.8 million service center facility in Bessemer, AL. The new facility will replace CSE's current Birmingham facility at 601 Republic Circle and double its freight handling capacity.
February 7, 2000 - Industry News
Bulk hauler Matlack Systems, Wilmington, DE, was back in the black for its first
fiscal quarter ended Dec. 31, 1999.
More than 200 community, government and industry leaders gathered for the conference titled Moving Goods From Here to There: Improving Metropolitan Chicago's Freight Transportation Network.
Landstar System, Jacksonville, FL, has reported record 1999 fourth quarter net income of $15.6 million, on record revenue of $380.1 million. For the same period in 1998, Landstar reported net income of $11.3 million on revenue in the quarter of $333.9 million.
February 3, 2000 - Industry News
ESCO Transportation Company, a publicly traded intermodal drayage company, has announced a five-year plan to consolidate the highly fragmented intermodal drayage and short-haul truckload segments of the industry
February 2, 2000 - Industry News
A big increase in non-package revenue helped push United Parcel Service fourth-quarter financials into record territory.
Kenan Transport, Chapel Hill, NC, announced 1999 fourth-quarter revenues of nearly $38.3 million, up from $33.4 million for the same period in 1998. Revenue for the year was nearly $141.6 million, up from $130.1 million in 1998, while net income was nearly $4.7 million, down from $5.2 million the previous year.
Ryder System Inc. reported a 7.5% rise in revenues for 1999 and a 9.5% increase in the fourth quarter.
February 1, 2000 - Industry News
OTR Express, Olathe, KS, attributes its net loss for the fourth quarter of 1999 and the first quarter of 2000 to a rapid increase in fuel costs in recent months.
January 31, 2000 - Industry News
HD America, St. Louis, has added 17 new heavy duty parts distributors to its distribution network. The distributors will offer HD America’s 250 product lines from 180 manufacturers to HDA’s national and regional fleet customers, as well as to their own local customers.
Despite a recent slowdown industry heavy truck orders, Navistar International Corp. stands by it's 405,000 medium and heavy duty forecast made late last year. It also hasn't changed its target 29.9% return on equity for fiscal
January 30, 2000 - Industry News
"Crisis Planing" was the title of the assignment that Dawn Capalbo had just finished as part of her curriculum at Monmouth University. After 15 years as co-owner of I.F.S. Air Freight, she was well aware of
January 29, 2000 - Industry News
M.S. Carriers, Memphis, TN, reported an increase in revenue and income in the fourth quarter and 12 months ended Dec. 31, 1999. Revenues for the fourth quarter were $163.3 million, up 16% from $140.5 million in the same period in 1998.
G.I. Trucking Co., La Mirada, CA, reports dramatic growth in its operations to serve large and small business customers. Handling more than 104 thousand tons of freight from Texas cities, the company has grown into a network of 18 terminal/service centers that serve more than 200 Texas communities.
January 28, 2000 - Industry News
U.S. Xpress Enterprises, Chattanooga, TN, reported record annual revenue and year-end results for the year ended Dec. 31, 1999.
Old Dominion Freight Line, High Point, NC, reported record earnings for the quarter ended Dec. 31, 1999. For the quarter, revenue from operations was $112.3 million, a 12.9 percent increase from $99.5 million for the fourth
Covenant Transport, Chattanooga, TN, has announced record revenue, earnings for the year ended Dec. 31, 1999. Revenue was up 28 percent to $472.7 million, compared to $370.5 million in 1998, while net income was $22.3 million,
Great news. Now you can use your toll booth transponder to pay for Big Macs. Just pick up your order at a participating McDonalds in California’s Orange County and scoot through. The Transportation Corridor Agencies (TCA)
How bad is the driver shortage? Bad enough for Wall Street to start calling it one of the biggest potential threats to the current economic boom.
With the country entering a record 107th month of continuous economic
Central Freight Lines president Joe Hall has retired and has been replaced in the interim by board member Ronald Moyes.
Collision in New Jersey! Local politics runs over national policy!
You'll never see the headline, but the collision is real enough.
Last week, the New Jersey Turnpike announced
January 27, 2000 - Industry News
Professional Transportation Group., Marietta, GA, has reached an agreement to acquire selected assets of ATECH Commercial Corp.
USA Truck, Van Buren, AR, reported 1999 operating revenues of nearly $166.4 million, up 14.6 percent from $145.2 million in 1998. Net income decreased 17.7 percent to $8.6 million in 1999, compared with $10.5 million in 1998.
Yellow Corp., Overland Park, KS, reported net income for the fiscal year ended Dec. 31, 1999 of $50.9 million, up 27 percent over 1998 income of $40.1 million. Revenue for the year was $3.2 billion, up 11.2 percent from $2.9 billion in 1998
Roadway Express, Akron, OH, reported record revenues of $2.81 billion for the year ended Dec. 31, 1999, up 6 percent from $2.65 billion in 1998
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