August 20, 2013 - Industry News
Four fleets were honored as “exceptional” innovators at PeopleNet’s annual Customer Appreciation Dinner during the company’s users conference Tuesday in San Antonio.
Tags: Information Technology, PeopleNet, Fleets
August 15, 2013 - Industry News
Asset-light and logistics provider, Roadrunner Transportation, has priced a public offering of 4.3 million shares of common stock, an increase over its previously announced public offering of 3.5 million shares, at a price of $27 per share to the public.
Tags: Fleets, Roadrunner Transportation
August 12, 2013 - Industry News
Two New York legislators are pushing a bill that would allow states to regulate port trucking in ways similar to the Port of Los Angeles program that was rejected by the Supreme Court.
Tags: Drivers, ATA, American Trucking Associations, Port of Los Angeles, Fleets, Ports, Owner-Operators, Port Trucking
August 8, 2013 - Industry News
The ocean cargo shipping line, Maersk, announced today that it has entered into an agreement to sell substantially all the assets of its subsidiary Bridge Terminal Transport, to an affiliate of Platinum Equity, a Los Angeles-based private equity firm.
Tags: Drivers, Fleets, Owner-Operators
August 5, 2013 - Industry News
EZE Trucking, which provides trucking and logistics for the infrastructure, energy and industrial markets, along with the private equity firm Atlantic Street Capital, have acquired Rig Runners, a heavy haul and over dimensional trucking company.
Tags: Fleets, Mergers & Acquisitions
July 25, 2013 - Industry News
The multi-service trucking provider Swift Transportation saw an increase in both earnings and revenue during the second quarter of the year. The Arizona-based operation posted a profit of $42.9 million compared to $33.7 million from the same time a year ago.
Tags: Fleet Financials, Earnings, Swift Transportation, Fleets
Asset-light trucking company Landstar System has reported a second quarter downturn in profit and business but expects a pickup in the current quarter.
Tags: Fleet Financials, Earnings, Landstar, Fleets
Less-than-truckload carrier Old Dominion Freight Line has reported a big boost in profit and business for the second quarter of the year as well as the first half of 2013.
Tags: Fleet Financials, Old Dominion Freight Line, Earnings, Fleets
The Teamsters Union and UPS Freight have agreed to an extension of the current UPS Freight National Agreement in order to give the parties time to continue negotiations. This means that the current agreement will remain in place until the agreement has been revoted and accepted by the members.
Tags: UPS, Fleets, Teamsters, UPS Freight
July 23, 2013 - Industry News
Parcel and freight transport giant UPS has reported a slight drop in its second quarter profit, falling from $1.79 billion in 2012 to $1.74 billion for the most recent quarter.
Tags: UPS, Earnings, Fleets, Fleet Financials
Werner Enterprises saw its total revenue fall 3% to $506.6 million in the second quarter compared to last year, while net income dropped 16% to $25.8 million. A cold, wet April was the primary culprit.
Tags: Werner Enterprises, Earnings, Fleet Financials, Fleets
July 22, 2013 - Industry News
Two carriers serving the less-than-truckload markets have announced general rate hikes.
Tags: Freight Rates, LTL, Fleets
Iowa-based truckload carrier Heartland Express announced financial results for the second quarter of the year, showing net income increased $0.9 million to $19.1 million compared to $18.2 million in the 2012 period, a 5% increase.
Tags: Earnings, Heartland Express, Fleet Financials, Fleets, Freightliner, Navistar
July 17, 2013 - Industry News
Wisconsin-based temperature-controlled trucking company Marten Transport reported an increase in net income to $7.7 million, for the second quarter ended June 30, compared to $7.6 million from the same time last year.
Tags: Fleet Financials, Marten Transport, Fleets
July 15, 2013 - Industry News
Temperature-controlled truckload and less-than-truckload carrier Frozen Food Express has reached an agreement to be acquired by Duff Brothers Capital. Duff Brothers will purchases all outstanding shares of FFE common stock for approximately $38.2 billion.
Tags: Mergers & Acquisitions, Frozen Food Express, FFE, Fleets
J.B. Hunt Transport announced second quarter financials, showing better performance from the same time a year ago, driven by growth in its intermodal, dedicated and logistics operations.
Tags: J.B. Hunt, Fleet Financials, Fleets, Intermodal
Connecticut-based XPO Logistics has entered into an agreement to acquire 3PD in a transaction valued at approximately $365 million.
Tags: Fleets, 3PL, Mergers & Acquisitions
July 11, 2013 - Industry News
Many carriers still not seeing adequate rates of return, nor any relief in their ability to renegotiate accessorial charges, according to the 2nd quarter industry survey by Transport Capital Partners.
Tags: HOS, Fleets, rates, TCP, Freight Rates, Accessorials
June 26, 2013 - Industry News
UPS employees represented by the Teamsters Union have voted to approve a new contract at the company’s parcel operation while those with UPS Freight have voted against a new agreement.
Tags: UPS, Teamsters, UPS Freight, Fleets
June 24, 2013 - Industry News
Plains Trucking, Ross, N.D.. has been cited by the U.S. Department of Labor's Occupational Safety and Health Administration for nine safety violations after a worker was fatally injured March 27 while cleaning the inside of a crude oil tanker that exploded at the company's facility in Ross.
Tags: OSHA, Trailers, Safety, Fleets
June 17, 2013 - Industry News
The increased rate provides for a nominal increase in intrastate, interstate and cross-border lane charges. The new rate will also offset the rising costs of new equipment and insurance, while preserving competitive wages and benefits for employees.
Tags: Old Dominion Freight Line, Freight Rates, Fleets, LTL
June 14, 2013 - Industry News
The asset-light transportation and logistics service provider Roadrunner Transportation Systems is opening service centers in Kansas City, Mo., and Buffalo, N.Y.
Tags: LTL, Fleets, Roadrunner Transportation, Missouri, New York
June 13, 2013 - Industry News
Two officials with Ohio-based Dart Trucking have been found guilty of bank fraud charges related to a $3.6 million check-kiting scheme.
Tags: Fraud, Fleets, Ohio
June 10, 2013 - Industry News
Less-than-truckload carrier Old Dominion expects growth in tonnage per day to increase in a range of 5.0% to 5.5% compared to the second quarter of 2012, versus its previous expectation of an increase in a range of 4.5% to 5.0%.
Tags: Fleet Financials, Old Dominion Freight Line, LTL, Fleets
June 7, 2013 - Industry News
Major Canadian carrier Vitran Corp. will close seven terminals in the western part of the U.S. and focus on its core East Coast business, signing interline agreements with two U.S. carriers to handle its Western U.S. routes.
Tags: Canada, Cross-Border Trucking, Fleets
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