Fleet Management

Fleets

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October 30, 2014 - Industry News

ODFL Reports Record Third Quarter Earnings, Revenue

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

October 30, 2014 - Industry News

Celadon Profit Increases More Than 21%

Revenue for the quarter increased 10.5% to $193.4 million from $175.1 million a year earlier. Freight revenue, which excludes fuel surcharges, increased 11.1% to $157.7 million.

Tags: Celadon Group, Fleets, Earnings

October 30, 2014 - Industry News

Con-way Profit Soars During Third Quarter

The trucking operation Con-way Inc. has reported 2014 third-quarter net income of $45.6 million, or 78 cents per diluted share.

Tags: Con-way Freight, Fleets, Earnings, Con-way Truckload, Con-way Inc.

October 28, 2014 - Industry News

P.A.M. Transportation Records Record Earnings

Dry-van truckload carrier P.A.M. Transportation Services reported record profit in the third quarter of the year, more than doubling from the same time a year ago to $5.1 million.

Tags: Fleets, Earnings, PAM Transport

October 28, 2014 - Industry News

Saia Profit Shoots Up More Than 26%

The mainly less-than-truckload carrier Saia inc. has reported an increase in its third quarter profit due to significant gains in tonnage and shipments.

Tags: Fleets, Earnings, Saia

October 27, 2014 - Industry News

Celadon Purchases A&S Services Group

Trucking and logistics operator Celadon Group Inc. on Monday announced the purchase of A&S Services Group LLC, a regional for-hire and dedicated truckload carrier.

Tags: Pennsylvania, Celadon Group, Fleets, Mergers & Acquisitions

October 27, 2014 - Industry News

Heartland Express Profit Increases 43%

Photo: Evan Lockridge

Profit and earnings for truckload carrier Heartland Express shot up in the third quarter of the year compared to the same time in 2013, as loads turned down were the highest since before the Great Recession.

Tags: Fleets, Earnings, Heartland Express

October 27, 2014 - Industry News

ABF Increasing Rates More Than 5%

The mainly less-than-truckload carrier ABF Freight has announced an increase in general rates and charges effective Nov. 3.

Tags: LTL, Fleets, ABF, Freight Rates

October 24, 2014 - Industry News

Swift Third-Quarter Profit Surges

Photo: Evan Lockridge

With year-over-year profitability improvements in its truckload, intermodal and refrigerated segments, Swift Transportation saw its net income surge to $50.2 million in the third quarter, compared to $30 million a year ago.

Tags: Fleets, Earnings, Swift Transportation

October 24, 2014 - Industry News

Forward Air Third Quarter Income Higher

Photo: Evan Lockridge

Net income during the period was $16.7 million compared to $14.2 million in the prior-year quarter or 54 cents per diluted share compared with 46 cents per diluted share.

Tags: Fleets, Earnings, Forward Air

October 24, 2014 - Industry News

UPS Grows Third Quarter Profit

Higher package volume and growth in distribution and UPS Freight business led UPS Inc. to an upswing in third-quarter earnings compared to a year ago.

Tags: Fleets, Earnings, UPS Freight, UPS, LTL

October 23, 2014 - Industry News

Hub Group Profit Posts Big Decline

Photo: Evan Lockridge

The Illinois-based operation reported income of $4.5 million compared to $18.6 million in the third quarter of 2013 with diluted earnings per share of 12 cents compared to 50 cents a year earlier.

Tags: Fleets, Earnings, Hub Group

October 23, 2014 - Industry News

FedEx Predicts Record Holiday Volume

The season is expected to be bolstered by three volume spikes throughout December, occurring the first three Mondays of the month and each expected to surpass 20 million shipments in volume.

Tags: Fleets, Freight, FedEx

October 23, 2014 - Industry News

Landstar Reports Record Profit, Revenue; Forecasts Higher Numbers

Photo: Evan Lockridge

Freight transportation provider Landstar System has reported record third quarter net income of $36.8 million, or 82 cents per diluted share, on record revenue of $819 million.

Tags: Fleets, Earnings, Landstar System

October 23, 2014 - Industry News

Meek Named Celadon COO, Executive Vice President

Celadon Trucking Services parent Celadon Group has names Erik Meek chief operating officer. He previously served as executive vice president, chief financial officer and treasurer.

Tags: Celadon Group, Fleets, People

October 22, 2014 - Industry News

Knight Transportation Profit Leaps More Than 66%

With strong demand and tight capacity continuing, Knight Transportation's third-quarter profits are up more than 66% over a year ago, thanks to higher revenue per tractor and per loaded mile and fewer empty miles.

Tags: Fleets, Earnings, Knight Transportation

October 22, 2014 - Industry News

PS Logistics Purchases Two Tennessee-Based Fleets

The acquisition of Tennessee-based carriers adds a combined 220 new drivers, 210 tractor trucks and over 500 trailers to the P&S fleet offering reefer, flatbed and dump trucking services to customers including the aluminum, steel, food and building materials industries, according to PS Logistics.

Tags: Fleets, Mergers & Acquisitions, PS Logistics

October 21, 2014 - Industry News

UPS Follows FedEx with Rate Hike, Includes Freight Services

They will increase an average of 4.9% for UPS Freight along with the company’s ground, air and international operations for shipments within and between the U.S., Canada and Puerto Rico.

Tags: UPS, Fleets, UPS Freight, Freight Rates, FedEx, FedEx Freight

October 21, 2014 - Industry News

Werner Enterprises Reports 22% Net Income Increase

Photo: Evan Lockridge

According to Werner, freight market dynamics began showing year-over-year improvement for the company in mid-November 2013, and that trend has continued for the last eleven months, including the first three weeks of October.

Tags: Werner Enterprises, Fleets, Earnings

October 20, 2014 - Industry News

Trucking Research Group Names New Chairman

Judy McReynolds is ATRI's new chairperson. Photo:  ATRI.

The American Transportation Research Institute named Judy McReynolds as its new chairman of the board, succeeding Steve Williams, CEO of Maverick Transportation.

Tags: ATRI, People, ArcBest Corp., Fleets

October 20, 2014 - Industry News

ODFL Opening New Memphis Terminal

Memphis serves as one of the company’s busiest freight hubs due to its proximity to Interstate 40, Interstate 55, three major rail heads, the largest American cargo airport and the nation’s second largest inland port.

Tags: LTL, Tennessee, Old Dominion Freight Line, Fleets

October 17, 2014 - Industry News

Nominate HDT's 2015 Truck Fleet Innovators

We are now accepting nominations for Heavy Duty Trucking’s 2015 Truck Fleet Innovators which honors the most innovative leaders in the industry.

Tags: Awards, Fleets, People, HDT Truck Fleet Innovators

October 17, 2014 - Industry News

Driver Turnover Increases, Recruiting Expected to Remain Tough

Photo: Con-way

Driver turnover in the truckload sector continues to get worse, according to recently released figures, while a study of hard-to-fill occupations emphasizes the growing driver shortage.

Tags: Drivers, Driver Turnover, Fleets, Driver Recruitment

October 16, 2014 - Industry News

ABF Freight President and CEO Retires, Replacement Named

Photo: Evan Lockridge

The president and CEO of the trucking company ABF Freight System, Roy M. Slagle, retired on Wednesday following 37 years of service.

Tags: Fleets, People, ABF, ArcBest Corp., LTL

October 15, 2014 - Industry News

Graebel Sells Off Two Operations to All My Sons Moving Owners

Colorado-based Graebel Companies on Wednesday announced it had reached an agreement to sell Graebel Van Lines Inc. and the U.S. moving and storage operations of Graebel Movers Inc. to a rival’s newly created company.

Tags: Fleets, Mergers & Acquisitions

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