January 7, 2014 - Industry News
The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.
Tags: Fleet Financing, Fleets, financials, Teamsters, YRC Worldwide
Teamster local union leaders representing UPS Freight workers across the country have endorsed a new tentative national agreement.
Tags: Drivers, UPS, Fleets, Teamsters, UPS Freight
January 6, 2014 - Industry News
UPDATED -- An investigation by the U.S. Department of Labor's Occupational Safety and Health Administration found that New Prime retaliated against a truck driver by blacklisting him in the commercial transport industry after he sought medical attention for a work-related injury.
Tags: Drivers, OSHA, Department of Labor, Fleets, Prime Inc.
Trucking and related services provider, XPO Logistics, has entered into an agreement to acquire Pacer Internation, the third largest provider of intermodal transportation services in North America.
Tags: Drivers, Cross-Border Trucking, Intermodal, Fleets, Mergers & Acquisitions, XPO Logistics, Pacer International
January 2, 2014 - Industry News
Trucking company owner CRST International has announced the acquisition of privately-held BESL Transfer Company, based in Cincinnati, Ohio.
Tags: Fleets, Owner-Operators, Mergers & Acquisitions, CRST, Flatbed
Rates on one of the nation’s largest spot freight markets increased in all three major categories, according to newly released figures.
Tags: Fleets, Freight, Owner-Operators, Spot Freight, DAT Transcore
December 26, 2013 - Industry News
Diamond Transportation, based in Stockton, Calif., is expanding its services from the Western region of the country to serve to the Midwestern and Northeastern United States.
December 23, 2013 - Industry News
The 2014 Mid-West Truck & Trailer Show has been set for Jan. 31 & Feb 1, 2014 at the Peoria Civic Center in Peoria, Ill., located just off I-74 in downtown Peoria, Ill.
Tags: Drivers, Fleets, Owner-Operators
December 22, 2013 - Industry News
Trucking company TransForce has made a new offer to purchase rival Canadian carrier Vitran and it just may push Manitoulin Transport’s recent deal straight off the table.
Tags: Canada, Cross-Border Trucking, Fleets, TransForce, Vitran, Manitoulin
December 20, 2013 - Industry News
After rejecting an earlier contract, Teamsters Union members at less-than-truckload carrier UPS Freight are set to vote next month on a new labor agreement.
Tags: UPS, Fleets, Teamsters, UPS Freight
Trucking company Swift Transportation has announced it expects adjusted earnings per share to range between 33 and 36 cents per share for the fourth quarter of 2013, compared to its previous expectation of 40 cents per share.
Tags: Fleets, Earnings, Swift Transportation
New Federal Motor Carrier Safety Administration hours-of-service regulations for truckers could mean increased costs for consumers, according to a new study from the University of Tennessee’s Global Supply Chain Institute.
Tags: FMCSA, Drivers, Hours of Service, HOS, Fleets
December 19, 2013 - Industry News
Trucking companies accused by California of intentionally misclassifying truck drivers a independent contractors, rather than employee drivers, say there is nothing the state can do about it.
Tags: California, Fleets, Port Trucking, Owner Operators, Independent Contractors
December 18, 2013 - Industry News
Truckload and logistics services provider, Transport America, has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock.
Tags: IPO, Fleets, Transport America
Trucking and parcel delivery provider FedEx has released second quarter fiscal earnings showing gains in both revenue and profit. FedEx is increasing its forecast of full-year earnings per share growth to 8% to 14% above last year's adjusted results.
Tags: Fleets, Earnings, FedEx, Fleet Financials, LTL
The Teamsters Union is saying Sysco's acquisition of US Foods announced last week raises serious concerns for workers, stakeholders and customers as the combined company becomes the country's largest institutional/restaurant food service provider and one of the nation’s largest private truck fleets.
Tags: Fleets, Teamsters, Mergers & Acquisitions, Private Fleets, Sysco, US Foods
December 17, 2013 - Industry News
Schneider National is making a significant investment in its intermodal service with the creation of a company-owned and managed chassis fleet for railroad movements.
Tags: Intermodal, Fleets, Chassis, Schneider National
December 16, 2013 - Industry News
United Road Services and its owner, Charlesbank Capital Partners, have purchased the Auto Transport Division of Waggoners Trucking.
Tags: Drivers, Fleets, Mergers & Acquisitions, United Road Services, Waggoners Trucking
December 11, 2013 - Industry News
Teamster Union members at UPS parcel delivery business are moving closer bit-by-bit when it comes to approving a new contract.
Logistics and freight brokerage services provider XPO Logistics will buy the Michigan-based supply chain business of Florida-based Landstar System, including NLM, a provider of web-based expedited transportation management in North America, for $87 million.
Tags: Landstar, Fleets, Logistics, 3PL, Information Technology
December 10, 2013 - Industry News
Less-than-truckload carrier Vitran has announced it has entered into an agreement in which fellow LTL Canadian carrier Manitoulin Transport will acquire the company.
Tags: Canada, Cross-Border Trucking, Fleets, Mergers & Acquisitions, Vitran, Manitoulin
December 9, 2013 - Industry News
Two of the nation’s largest distributors of food to commercial kitchens are merging creating one of the nation’s largest private truck fleets.
Tags: Drivers, Fleets, Private Fleets
The parent to several trucking companies, YRC Worldwide, has announced that local union leaders of the Teamsters Union have approved sending the company's proposed changes to the current Memorandum of Understanding to its 26,000 YRCW members for a vote.
Tags: Drivers, Fleets, Teamsters, YRC Worldwide
December 5, 2013 - Industry News
Less-than-truckload carrier ABF Freight System is cutting its number of terminals from 277 to 247. In a “change of operations” filing with the Securities and Exchange Commission, ABF parent company Arkansas Best said it had already eliminated eight facilities in the second half of this year, with the rest still yet to close.
Tags: Fleets, Arkansas Best, Teamsters, ABF, LTL
December 4, 2013 - Industry News
The parent to liquid and dry bulk hauler, Florida Rock & Tank Lines, has reported a huge increase in income for its fiscal fourth quarter as well as for its fiscal year.
Tags: Fleets, Earnings, Patriot Transportation
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