July 29, 2014 - Industry News
The Senate passed a short-term patch to keep the Highway Trust Fund solvent until December 19, in effect setting up a vote this year on a long-term highway program. The $8 billion bill now goes to the House, which must act quickly if Congress is to keep the fund from going over the precipice.
Tags: Highway Funding, U.S. Senate, Highway Trust Fund, U.S. House
XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.
Tags: Fleets, Logistics, Mergers & Acquisitions, XPO Logistics
Contract logistics provider, Exel, and its sister logistics company, DHL Supply Chain, have formed a new freight brokerage company, Exel Freight Connect.
Tags: Freight, Brokers, Exel Freight Connect
A record amount of containers and cargo moved through the Port of Savannah during the 2014 fiscal year that just ended, according to the Georgia Ports Authority.
Tags: Georgia, Ports, Port Trucking
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
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
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.
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
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
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
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
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
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
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
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
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
New home sales dropped in June and the Commerce Department revised the extraordinarily strong May figures downward.
Tags: Economy, Home Sales
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
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
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
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
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
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
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
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
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