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May 7, 2015 - Industry News

Quality Distribution to Sell for About $800 Million

The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.

Tags: Fleets, Earnings, Quality Distribution, Mergers & Acquisitions, Quality Carriers, Boasso America

May 6, 2015 - Industry News

Transport America Getting New President in June

Incoming Transport American president Keith Klein. Photo: Transport America

The truckload and logistics services provider, Transport Corp. of America Inc., announced this week Scott Arves will be stepping down as president on June 1.

Tags: Fleets, People, Transport America

May 5, 2015 - Industry News

USA Truck Reports First 1st Quarter Profit in 8 Years

USA Truck turned its finances around in the first three months of the year, reporting a profitable first quarter for the first time since 2007.

Tags: Fleets, Earnings, USA Truck

May 4, 2015 - Industry News

XPO Logistics Halves Loss, Acquires Bridge Terminal Transport

Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.

Tags: Fleets, Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport

May 4, 2015 - Industry News

ArcBest Reports Best First Quarter in Years

ArcBest Corp. on Monday announced it was back in the black during the first quarter for the first time in seven years, reporting first quarter net income of $700,000 or 3 cents per share.

Tags: Fleets, Earnings, Panther, ABF, ArcBest Corp.

April 30, 2015 - Industry News

Old Dominion Reports $62.5 Million First Quarter Profit

Photo courtesy ODFL

Old Dominion Freight Line saw first quarter net income increase 36.3% from a year earlier, totaling $62.5 million, driven by expansion in its market share and a new record in first-quarter operating ratio for the LTL carrier.

Tags: Old Dominion Freight Line, Fleets, Earnings

April 29, 2015 - Industry News

Con-way Profit Jumps to Nearly $22 Million

Con-way Inc. on Wednesday announced first-quarter 2015 net income surged to $21.8 million, or 37 cents per diluted share, from $12.9 million, or 22 cents per diluted share a year earlier.

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

April 29, 2015 - Industry News

Saia Profit Up Despite Lower Revenues

File photo by Evan Lockridge

The mainly less-than-truckload carrier Saia Inc. saw its first quarter profit move higher, according to its earnings report released Wednesday.

Tags: Fleets, Earnings, Saia, LTL

April 28, 2015 - Industry News

Celadon Group More Than Doubles First Quarter Profit

Truckload carrier Celadon Group Inc., reported its profit in the first quarter of the year more than doubled from the same time a year ago.

Tags: Celadon Trucking Services, Fleets, Earnings

April 28, 2015 - Industry News

UPS First Quarter Profit Tops $1 Billion

U.S. domestic package first quarter revenue increased 3.8% as daily package volume improved 2.4%. Photo: UPS

Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.

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

April 27, 2015 - Industry News

Swift Transportation Triples First Quarter Profit

Photo by Evan Lockridge

Swift Transportation Co. tripled its net income in the first quarter of the year, totaling $37.8 million, or diluted earnings per share of 26 cents, compared to $12.3 million, or 9 cents per share a year earlier.

Tags: Fleets, Earnings, Swift Transportation

April 24, 2015 - Industry News

Covenant Transport Turns Finances Around

The holding company for trucking companies Covenant Transport and others moved to a profit from a loss in the first quarter of the year.

Tags: Fleets, Earnings, Covenant Transportation Group

April 24, 2015 - Industry News

Landstar Reports Record Revenue, Earnings

Photo by Evan Lockridge

Landstar System reported record first quarter diluted earnings per share of 67 cents on record first quarter revenue of $762 million.

Tags: Fleets, Earnings, Landstar System

April 23, 2015 - Industry News

Acquisition Costs Cut Into Forward Air Income

Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue.

Tags: Fleets, Earnings, Forward Air

April 22, 2015 - Industry News

Werner Improves Income 61% in First Quarter

Photo by Evan Lockridge

Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.

Tags: Werner Enterprises, Fleets, Earnings

April 22, 2015 - Industry News

Knight Transportation Quarterly Profit Jumps 55.1%

Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.

Tags: Fleets, Earnings, Knight Transportation

April 21, 2015 - Industry News

Echo Global Buys Command Transportation for $420 Million

Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.

Tags: Fleets, Earnings, Mergers & Acquisitions, Echo Global Logistics

April 15, 2015 - Industry News

Profit Nearly Doubles for Marten Transport

Photo by Evan Lockridge.

Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.

Tags: Fleets, Earnings, Marten Transport

April 14, 2015 - Industry News

J.B. Hunt Reports Nearly $92 Million Profit

Photo: DangApricot via WIkimedia Commons

J.B. Hunt Transport Services Inc. announced on Tuesday first quarter 2015 net earnings of $91.9 million, or diluted earnings of 78 cents per share, compared to first quarter 2014 net earnings of $68.7 million, or diluted earnings of 58 cents per share.

Tags: J.B. Hunt, Fleets, Earnings

April 7, 2015 - Global News

FedEx to Buy Dutch Parcel Carrier TNT Express

Photo: TNT Express

FedEx Corp. Tuesday announced it will buy European package company TNT Express for $4.8 billion, creating a strong third competitor in the European market.

Tags: Fleets, Global, TNT Express, Mergers & Acquisitions, FedEx

March 18, 2015 - Industry News

FedEx Profit Leaps More Than 50%

Photo: FedEx Corp.

FedEx Corp. on Wednesday reported a 4% increase in revenue while profit jumped more than 50% in its most recent fiscal quarter.

Tags: Fleets, Earnings, FedEx, FedEx Freight, FedEx Ground, FedEx Express

March 10, 2015 - Industry News

Forward Air Completes CLP Towne Purchase

Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc. combining two of the largest trucking companies moving freight to and from the nation’s airports.

Tags: Fleets, Mergers & Acquisitions, Forward Air

March 10, 2015 - Industry News

Carrier Ordered to Pay Nearly Half a Million Dollars to 12 Former Drivers

The trucking company PAM Transport Inc. has been ordered to pay 12 of its former truck drivers a total of $477,399 in a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission.

Tags: Truck Drivers, Fleets, Safety & Compliance, Litigation, EEOC, PAM Transport

February 25, 2015 - Industry News

Quality Distribution Sees a Return to Profits

The bulk chemical transportation provider Quality Distribution Inc moved from being in the red to the black in the fourth quarter of last year and for all of 2014.

Tags: Fleets, Earnings, Quality Distribution, Quality Carriers, Boasso America

February 23, 2015 - Industry News

FTC Looks to Stop Merger Combining Two of Nation’s Largest Private Fleets

Photo: Deborah Lockridge

The Federal Trade Commission has filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for foodservice distribution services.

Tags: Fleets, Mergers & Acquisitions, Private Fleets, Sysco, US Foods

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