February 5, 2016 - Industry News
Saia Inc. saw its fourth quarter profit decline to $11.4 million, or 45 cents per diluted share, from $13.6 million, or 53 cents per diluted share a year earlier, beating analysts' estimates.
Tags: LTL, Saia, Fleet Earnings
The Truckload Carriers Association has selected the division winners for its National Fleet Safety Awards, which honor trucking companies that demonstrate a commitment to safety and accident reduction.
Tags: Driver Safety, TCA, National Fleet Safety Awards
The parent company to Volvo, Mack and other truck brands is back in the black, according to earnings reports released Friday, but it plans to cut U.S. production as it nears the end of a four-year cost cutting plan.
Tags: Economy, Volvo Trucks, Quarterly Earnings, Global
While some recent reports have raised questions about the health of the nation’s economy, the latest one shows unemployment has fallen to its lowest level in eight years.
Tags: Economy, Unemployment, Employment
February 4, 2016 - Industry News
Peterbilt handed out Dealer of the Year awards in several categories at its annual dealer meeting, held recently in San Diego.
Tags: Peterbilt, Awards, Dealers, Truck Dealers
Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.
Tags: Economy, Old Dominion Freight Line, Roadrunner Transportation, YRC Worldwide, YRC Freight, Hub Group, Fleet Earnings
Despite network congestion and economic headwinds, intermodal freight saw solid growth in 2015, but the level of freight was barely up in the final quarter, according to the Intermodal Association of North America.
Freightliner Trucks has announced four cities that will be recognized as the Hardest Working Cities for 2016.
Tags: Economy, Freightliner, Severe Duty, Awards, Hardest Working Cities
Orders and shipments of factory-made goods were down in a report out Thursday, but earlier reports based on more recent activity indicates conditions may be on the verge of brightening.
Tags: Economy, Factory Orders, Non-Manufacturing, Employment, Factory Shipments
February 3, 2016 - Industry News
The American Truck Dealers, Heavy Duty Trucking magazine and Procede Software have announced the nominees for the 2016 Truck Dealer of the Year award.
Tags: American Truck Dealers, NADA, Truck Dealer of the Year, Awards, Truck Dealers
New York State’s Supreme Court has ruled as unconstitutional the highway-use registration and decal fees imposed on all trucks that operate in the Empire State.
Tags: New York State, User Fees
ArcBest president and chief executive officer Judy R. McReynolds has been elected chairman of the board of directors, succeeding Robert A. Young, who is retiring.
Tags: Leadership, People, ArcBest Corp.
Earnings season continues this week and with it are the first numbers from major trucking suppliers, such as Meritor, Eaton and Wabash National, in addition to those from trucking operations ArcBest and C.H. Robinson.
Tags: Economy, Eaton, Meritor, Eaton Corp., ABF, Wabash National, C.H. Robinson, ArcBest Corp., Fleet Earnings
Load-to-truck ratios on the spot truckload freight market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which were also down for the entire month.
Tags: Economy, Spot Freight, Freight Rates, DAT Solutions
Load-to-truck ratios on the spot truckload market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which also came in lower for the entire month.
February 2, 2016 - Industry News
Truck fleets surveyed in mid-January feel like business is pretty solid, but many are in a wait-and-see mode when it comes to planning to add capacity this year.
Tags: Survey, CKCVR
UPS Inc. reported its profit skyrocketed in the fourth quarter of the year, totaling $1.33 billion compared to $453 million a year earlier as the company also beat an earnings forecast. USA Truck and Ryder also saw higher profits.
Tags: Economy, UPS, Ryder System, USA Truck, UPS Freight, Fleet Earnings
February 1, 2016 - Product News
Omnitracs has introduced the Intelligent Vehicle Gateway, a single, robust mobile device that it says will offer commercial fleets a unified platform for the efficient use of mobile apps and telematics.
Tags: telematics, WIFi, Omnitracs, Mobile Apps
Omnitracs launched the Sylectus Truckload TMS, what it calls "a highly flexible, fully capable" transportation management system tailored to the truckload industry that is accessible from anywhere.
Tags: Information Technology, Omnitracs
February 1, 2016 - Industry News
The annualized turnover rate at large truckload carriers rose 13 points to 100% in the third quarter of 2015, the highest it has been in three years.
Tags: ATA, Driver Shortage, Driver Turnover
While activity in the nation’s manufacturing improved in January from the month before, according to reports on Monday, there is disagreement as to whether this sector is expanding or shrinking.
Tags: Economy, Manufacturing, Construction Spending, Personal Spending
January 29, 2016 - Industry News
XPO Logistics has eliminated about 190 non-sales positions in its less-than-truckload business, which it acquired when the company bought Con-way Inc. last year.
Tags: Layoffs, LTL, Con-way Inc., XPO Logistics
More than 1,000 longshoremen walked off the job at New York and New Jersey ports on Friday morning, Jan. 29, effectively shutting down the terminals in a port system that receives nearly 30 percent of all cargo on the East Coast.
Overall U.S. economic activity eased back on the gas considerably in the final quarter of last year while it expanded in 2015 at the same pace as the year before.
Tags: Economy, GDP, Consumer Confidence, Consumer Sentiment, Gross Domestic Product
The value of trans-border freight movements between the U.S. and its neighbors took a steep decline, according to new U.S. Transportation Department numbers, while Canada regained its historical rank as top North America trade partner after falling behind Mexico.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade, Freight
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