Fleet Management

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July 29, 2014 - Industry News

Economic Watch: Consumer Confidence Best in Nearly Seven Years

U.S. consumer confidence increased in July -- the third month in a row, according to a new survey from the private research group The Conference Board.

Tags: Economy, Consumer Confidence

July 29, 2014 - Industry News

UPS Net Profit Tumbles, Expectations Lowered

Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.

Tags: UPS, Fleets, Earnings, UPS Freight

July 28, 2014 - Industry News

Economic Watch: Pending Home Sales Dip Following Solid Gains

Despite June’s decrease, the index is above 100, considered an average level of contract activity, for the second consecutive month after failing to reach the mark since November 2013.

July 28, 2014 - Industry News

ABF Reportedly Considering Move to Memphis, Expansion

Photo courtesy ABF.

While there has been no official word from less-than-truckload carrier ABF Freight or its parent ArcBest Corp., it appears the company has plans for a move and expansion of one of its primary facilities.

Tags: Tennessee, Arkansas, Fleets, ABF, ArcBest Corp., LTL

July 28, 2014 - Industry News

Total Quality Logistics Expanding with St. Louis Office

The freight brokerage firm Total Quality Logistics has selected St. Louis to open its new office, giving it locations in 14 states.

Tags: Missouri, Fleets, Logistics, Total Quality Logistics

July 28, 2014 - Industry News

P.A.M Second Quarter Profit Jumps More Than 80%

Dry van truckload carrier P.A.M. Transportation Services has reported a sharp upturn in profit for the second quarter of the year despite a small drop in revenue.

Tags: Fleets, Earnings, P.A.M. Transportation

July 28, 2014 - Industry News

Schneider Doubling Size of Bulk Intermodal Trailer Service

Freight transportation provider Schneider plans to double the size of its bulk intermodal trailer service to around 1,000 units throughout all of North American, including with new service into Canada and Mexico.

Tags: Intermodal, Fleets, Schneider, Schneider National

July 25, 2014 - Industry News

Judge Approves $3 Million Settlement in OOIDA, C.R. England Case

A federal judge, ending more than a decade of litigation, has approved a legal settlement between the Owner-Operator Independent Drivers Association and the trucking company C.R. England.

Tags: Drivers, C.R. England, OOIDA, Fleets, Litigation, Independent Contractors

July 25, 2014 - Industry News

Truck Movements Into U.S. Increase for Fourth Straight Year

The number of commercial truck crossings into the United States from Canada and Mexico was 10.8 million in 2013, 1.1% more than in 2012, according to new U.S. Department of Transportation figures.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, U.S. DOT

July 25, 2014 - Industry News

Cross-Border Trade Up in May

The value of trade between the United States and its North American trading partners rose in May compared to a year ago, reports the Department of Transportation, led by petroleum products going by pipeline between the U.S. .and Canada, and electrical machinery going by truck between the U.S. and Mexico.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, NAFTA, BTS

July 25, 2014 - Industry News

Economic Watch: Durable Goods Higher, Construction Advances

UPDATED -- Shipments and new orders for durable manufactured goods both increased in June following declines the month before, while total U.S. construction in June hit its highest level so far this year.

Tags: Economy, Durable Goods, Construction

July 25, 2014 - Industry News

Swift Transportation Profit Falls in Second Quarter

Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.

Tags: Fleets, Earnings, Swift Transportation

July 24, 2014 - Industry News

Economic Watch: New Home Sales Drop in June

New home sales dropped in June and the Commerce Department revised the extraordinarily strong May figures downward.

Tags: Economy, Home Sales

July 24, 2014 - Industry News

Covenant Profit Doubles During Second Quarter

Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.

Tags: Covenant Transport, Fleets, Earnings

July 23, 2014 - Industry News

Knight Transportation Profit Gains 36%, New Business Unit Formed

Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.

Tags: Fleets, Earnings, Knight Transportation

July 23, 2014 - Industry News

OOIDA Praising Truckers’ Lawsuit Over Driver Safety Records

Six members of the Owner-Operator Independent Drivers Association filed a class-action suit against the Federal Motor Carrier Safety Administration last week under the Federal Privacy Act charging that the agency is unlawfully disseminating reports of driver safety records to potential employers.

Tags: FMCSA, Driver Safety, OOIDA, Litigation

July 23, 2014 - Industry News

Landstar Posts Record Second Quarter Profit, Revenue

Photo: Evan Lockridge

Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.

Tags: Fleets, Earnings, Landstar

July 23, 2014 - Industry News

Spot Freight Rates Remain Above Norm Despite Declines

Demand remained strong and rates were above the norm, despite a slight seasonal decline during the week ending July 19 compared to the previous seven days, according to the freight matching service provider DAT and its network of load boards.

Tags: Spot Freight, DAT Transcore

July 23, 2014 - Industry News

Forward Air Profit Increases 24.6% in Second Quarter

Photo: Evan Lockridge

Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013.

Tags: Fleets, Earnings, Forward Air

July 22, 2014 - Industry News

South Carolina Sees 8% Increase in Container Volume

The SC Ports Authority reported a strong finish for the 2014 fiscal year on Monday with 8% container growth, an increase of 2% over projected plans.

Tags: Intermodal, South Carolina, Ports, Port Trucking

July 22, 2014 - Industry News

FMCSA Warning Carriers About Fraud Schemes

The Federal Motor Carrier Safety Administration is warning carriers to be on the lookout for new fraud schemes as thieves try to get financial or banking information.

Tags: FMCSA, Federal Motor Carrier Safety Administration, Crime & Fraud

July 22, 2014 - Industry News

Analyst Questions Filing Charges Against FedEx Over Drug Shipments

Photo via FedEx Facebook page

Why is the government filing charges against parcel delivery and trucking giant FedEx? That is the key question said the investment firm Stifel in a note to investors following FedEx disclosing last week it had been indicted by the federal government for allegedly engaging in unlawful distribution of controlled substances.

Tags: Law Enforcement, Crime & Fraud, Fleets, FedEx

July 22, 2014 - Industry News

Truck Tonnage Index Declines in June from May, Higher Versus Year Ago

Graphic: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 0.8% in June, following a revised 0.9% gain the previous month.

Tags: Economy, American Trucking Associations, Truck Tonnage, Truck Tonnage Index

July 22, 2014 - Industry News

Heartland Second Quarter Profit Moves 38.7% Higher

Photo: Evan Lockridge

Trucking company Heartland Express saw its second quarter net income increase 38.7% compared to the same time a year ago, while revenue skyrocketed 69.3% during the same time.

Tags: Fleets, Earnings, Heartland Express, Gordon Trucking

July 22, 2014 - Industry News

Economic Watch: Consumer Prices Gain Less, Existing Home Sales Best Since October

Photo: Pen Waggener via Wikimedia Commons

Consumer prices rose again in June, but the pace was less than it was the month before, according to the U.S. Labor Department.

Tags: Economy, Consumer Prices, Home Sales

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