November 5, 2014 - Industry News
The average spot van rate on DAT load boards was unchanged at $2.01 per mile for the week ending Nov. 1 compared to the previous seven days, according to DAT Solutions, which operates the DAT network of load boards
Tags: Spot Freight, Freight Rates, DAT Solutions
The high “take” for Volvo Engines and Automated Transmissions reflects customer satisfaction with the efficiency and reliability of the products, the company says.
Tags: Diesel Engines, Volvo Trucks, I-Shift, Automated transmissions, Automated Manual Transmissions
Bobit Business Media has acquired the Truck Fleet Management media properties from the American Trucking Associations (ATA) in a deal that closed Nov. 5.
Tags: Bobit Business Media, ATA, Mergers & Acquisitions
William J. Logue has been in the role at the less-than truckload carrier since 2010.
Tags: Fleets, People, FedEx, FedEx Freight
The U.S. job market continues improving with a new report showing private sector employment increased by 230,000 jobs from September to October, the biggest gain since June.
Tags: Economy, Employment
November 4, 2014 - Industry News
The American Trucking Association’s Safety Management Council honored fleets, safety professionals and a state association at the annual Safety and Human Resources National Conference and Exhibition.
Tags: Safety, ATA, Awards, Safety Management Council
Forward Air Corp’s. motor carrier subsidiary, FAF Inc., is raising owner-operator pay effective Jan 4. The contractual base rate will increase by 10 cents per mile for team less-than-truckload and truckload express service, while rates for solo truckload express drivers will increase by 6 cents per mile.
Tags: Fleets, Owner-Operators, Forward Air, Driver Pay
Washington State saw a record-breaking number of cargo thefts in the third quarter of the year, along with a new tactics on the part of thieves that could signal a likelihood of further thefts.
Tags: Security, Washington, Cargo Theft, FreightWatch
A memorial service for former Heavy Duty Trucking Senior Editor James Stacy is set for later this week following his death on June 18 at age 94.
Tags: Obituary, Heavy Duty Trucking magazine, People
The trucking operation Forward Air Corp. announced its subsidiary, Central States Trucking Co., has purchased substantially all of the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc., based in Indianapolis, Indiana.
Tags: Fleets, Mergers & Acquisitions, Forward Air
November 3, 2014 - Industry News
Omnitracs completed its $178 million acquisition of fleet management software company XRS, the company announced. The company began the acquisition process in September.
Tags: Telematics, Information Technology, XRS, Mergers & Acquisitions, Omnitracs
TransForce CEO Alain Bédard said the Montreal-based company will spin-off the truckload business, possibly in 2015, followed by the waste division, which includes landfills, possibly a couple years later.
Tags: Canada, Waste Management, Truckload, TransForce
ATRI is looking for carrier input through its latest survey on detention time and the impact it has on industry safety and productivity,
Tags: Safety, Survey, ATRI, Detention Pay, Productivity
Transportation and logistics provider USA Truck Inc. has announced earnings for the third quarter of the year showing its most profitable quarter in eight years and its second straight quarterly profit.
Tags: Fleets, Earnings, USA Truck
Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, its highest level since March 2011, according to nation’s supply executives.
Tags: Economy, Manufacturing, Consumer Spending
Trucking and logistics holding company ArcBest Corp. has reported improved third quarter 2014 results, reflecting business growth at ABF Freight and all of its emerging companies.
Tags: Fleets, Earnings, ABF, ArcBest Corp.
Trucking and logistics provider Roadrunner Transportation Systems reported record revenue and operating income for the third quarter.
Tags: Fleets, Roadrunner Transportation, Earnings, LTL, Truckload
The week ending Oct. 25, rail intermodal traffic was up 6.7% compared with the same week last year -- higher growth than that of rail traffic overall.
Tags: Railroads, Intermodal, Freight, Economy, NAFTA, Global
October 31, 2014 - Industry News
Lynden Transport opened a service center in Tulsa, Okla., to support its oil and gas customers. The company says the service center will allow it to provide more efficient service and give customers more choices with departures and arrivals.
Tags: City of Tulsa, Oklahoma, LTL, Bakken Oil Fields
Trucking operation YRC Worldwide turned its business around in the third quarter of the year, going from a $44.1 million net loss a year ago to a net profit of $1.2 million.
Tags: Fleets, Earnings, YRC Worldwide, YRC Freight
A proposal that could eventually lead to higher insurance requirements for trucking companies is close to publication. An advanced notice of the proposal is under review by the White House Office of Management and Budget and can be expected to show up in the Federal Register this year.
Tags: FMCSA, Insurance, MCSAC
Consumer spending in the U.S. declined in September for the first time in eight months, according to the U.S. Commerce Department.
Tags: Economy, Consumer Spending
October 30, 2014 - Industry News
Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.
Tags: Old Dominion Freight Line, Fleets, Earnings
Cummins reported its third quarter revenue was $4.9 billion, a 15% increase from the third quarter of last year. Stronger demand for on-highway markets and distributor acquisitions in North America was a significant factor in revenue growth.
Tags: Cummins, Quarterly Earnings, Equity Markets, Engines
Heavy Duty Trucking announced its second annual Top 50 Green Fleets at the Green Fleet Conference in Schaumburg, Ill., Thursday. A ceremony was held at the conference to honor these fleets for their sustainability efforts in areas such as fuel economy, alternative fuels and emissions.
Tags: Sustainability, Green Fleets, Green Fleet Conference, Alternative Fuels, Top 50 Green Fleets, Fuel Economy
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