August 4, 2014 - Industry News
After four years of construction, including a delay from this past May, the PortMiami Tunnel has opened, giving trucks easier access to nearby highways.
Tags: Florida, Ports, Port Trucking
August 1, 2014 - Industry News
The number of jobs created in the U.S. posted its sixth straight month of being above the 200,000 mark in July but the number was softer than the previous month’s level.
Tags: Economy, Unemployment, Manufacturing, Employment
The southbound lanes of I-495 through Wilmington, Del., have opened a month ahead of schedule following the realignment of the southbound lanes of the I-495 bridge spanning the Christina River, according to the state DOT.
Tags: Delaware, Road Construction
Vikas Jain, formerly an executive with Omnitracs, has been named the new chief operating officer for Zonar.
Tags: Zonar, People, Omnitracs, Vikas Jain, Telematics, Information Technology
July 31, 2014 - Industry News
The Senate Thursday night approved a $10.8 billion House bill to keep the Highway Trust Fund solvent through next May. This ensures that highway funding will continue for the next 10 months.
Tags: Highway Trust Fund, U.S. Congress, Legislation, Highway Funding
YRC Worldwide Inc. cut it second quarter net loss to $4.9 million, or 16 cents per share, from $15.1 million, or $1.72 per share, from the same time a year ago.
Tags: Fleets, Earnings, YRC Worldwide, YRC Freight
Congress is inching ever closer to the edge of insolvency for the Highway Trust Fund. On Thursday afternoon the House rejected the Senate’s bill to patch the Fund into December and sent its original bill back to the upper chamber.
Tags: U.S. House of Representatives, U.S. Senate, Highway Trust Fund, Legislation, Highway Funding, U.S. Congress
The asset-light trucking and logistics service provider, Roadrunner Transportation Systems, has reported a small increase in its second quarter profit while revenue gained 36.6%.
Tags: Fleets, Roadrunner Transportation, Earnings
“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.
Tags: Fleets, Earnings, USA Truck
Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
Tags: Old Dominion Freight Line, Fleets, Earnings, Panther, ABF, ArcBest Corp.
Trucking company and logistics parent Con-way Inc. has reported second-quarter net income of $53.7 million, or 93 cents per diluted share. This compares to second-quarter 2013 net income of $42.9 million, or 75 cents per diluted share.
Tags: Fleets, Earnings, Con-Way, Con-way Inc.
July 30, 2014 - Industry News
Freight rates on the spot market, along with the number of loads available, have hit their typical seasonal slump, according to new figures released from the freight-matching service provider DAT.
Tags: Spot Freight, DAT Transcore, Freight Rates
The California Supreme Court issued a decision this week affirming the state’s labor and unemployment compensation laws are not preempted by federal statute, specifically the Federal Aviation Administration Authorization Act of 1994.
Tags: Drivers, California, Fleets, Litigation, Independent Contractors
It totaled nearly $118.6 million compared to almost $111.9 while net revenue increased 10.2% to $521 million for the Minnesota-based company.
Tags: Fleets, Earnings, C.H. Robinson
Less-than-truckload carrier Saia reported a slight increase in profit during the second quarter of the year as revenue also moved higher.
The U.S. economy surged in the second quarter of the year, bouncing back from its worst performance in five years, according to new U.S. Commerce Department figures.
Tags: Economy, GDP, Unemployment, Employment
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
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