Fleet Management

Fleets

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January 27, 2014 - Industry News

Covenant Net Income Doubles in Final Quarter of 2013

The parent to several freight transportation providers, including Covenant Transport, has released numbers showing net income doubled in the final quarter of the year, but there was a slight decline for all of 2013.

Tags: Covenant Transport, Fleets, Earnings

January 27, 2014 - Industry News

Swift Transportation Income Up for 2013, Falls in Fourth Quarter

Photo: Evan Lockridge

Trucking company Swift Transportation reported a drop in earnings for the final quarter of 2013 but an increase for all of last year.

Tags: Fleets, Earnings, Swift Transportation, Fleet Financials

January 27, 2014 - Industry News

Study Identifies Trends in Freight Charges for Shippers

The third party logistics provider Transplace has released the results of its annual benchmarking study that includes data from more than 150 shippers, representing more than $12 billion dollars in annual freight spending.

Tags: Transplace, Fleets, Owner-Operators, Shippers, Freight Rates

January 27, 2014 - Industry News

Trucking Company Owner Sentenced, Ordered to Pay Restitution to Truckers

The owner, operator, and president of East, St. Louis, Ill.-based Clark Trucking and Excavation was sentenced to 33 months in prison late last week.

Tags: Drivers, Missouri, Fleets, Fraud, Crime

January 26, 2014 - Industry News

YRC Teamster Members Say Yes to Contract Extension

YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.

Tags: Teamsters, YRC Worldwide, Fleets

January 23, 2014 - Industry News

Forward Air Purchases Central States Trucking

Photo: Evan Lockridge

The parent to a ground transportation provider in the air cargo industry, Forward Air Corporation, has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, from Central States Inc.

Tags: Drivers, Fleets, Mergers & Acquisitions, Forward Air

January 23, 2014 - Industry News

Audit Says New York DOT Not Doing Enough About Truck Safety

Photo: Evan Lockridge

The New York state Department of Transportation is not adequately monitoring whether commercial carriers whose vehicles or drivers have been taken off the road because of violations are making needed repairs or corrections, potentially putting the public at risk, according to a new audit released by New York’s comptroller.

Tags: FMCSA, Drivers, New York, Regulations, Fleets, Safety & Compliance

January 23, 2014 - Industry News

Odyssey Logistics Purchases Two Companies

Supply chain logistics service provider Odyssey Logistics & Technology Corporation, based in Conn., has purchased both CMI Freight-Trans and Steel Wheel Transfer, 25 year-old companies headquartered in Orland Park, Ill.

Tags: Fleets, Mergers & Acquisitions, Odyssey Logistics

January 23, 2014 - Industry News

J.B Hunt Profit Hits Quarterly and Yearly Highs

Freight transportation services provider J.B. Hunt Transport services has reported hitting record financial numbers for the final quarter of last year as well for all of 2013.

Tags: J.B. Hunt, Fleets, Earnings

January 22, 2014 - Industry News

YRC Teamsters Revote Set for This Weekend

Leaders from Teamster local unions representing workers at trucking giant YRC Worldwide, have overwhelmingly recommended approval of a revised tentative labor contract members will vote on this coming Saturday and Sunday.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide

January 22, 2014 - Industry News

Marten Transport Reports Record Annual Income

Photo: Evan Lockridge

Refrigerated trucking company Marten Transport has reported the highest net income for any year in its history.

Tags: Fleets, Earnings, Marten Transport

January 21, 2014 - Industry News

Federal Suit Alleges Fraud by Mover Over Military Shipments

One household goods mover and an affiliate have allegedly swindled millions of dollars from the federal government by submitting false claims about relocating military personnel, according to a recently disclosed lawsuit.

Tags: Fleets, Fraud, Investigation

January 21, 2014 - Industry News

New FMCSA Rule Targets Willful Violators

The Federal Motor Carrier Safety Administration’s newest enforcement tool is a shutdown order for carriers that flagrantly disregard the safety rules. Under a final rule to be posted this week, the agency can suspend or revoke the authority of willful repeat violators, and impose civil or criminal penalties.

Tags: FMCSA, ATA, OOIDA, MAP-21, Regulations, Fleets, Drivers, GAO, Werner Enterprises, FedEx, Congress

January 21, 2014 - Industry News

UPS Expecting Lower Profits

Parcel and trucking company UPS has offered a glimpse of its fourth quarter and 2013 earnings ahead of releasing its full report on Jan. 30.

Tags: UPS, Fleets, Earnings

January 17, 2014 - Industry News

Teamsters and YRC Reach New Tentative Agreement Following Failed Vote

The Teamsters Union and YRC Worldwide announced Friday they reached a tentative agreement on a new labor contract, providing a pathway for substantial debt reduction and refinancing initiatives for the parent of several trucking operations.

Tags: Fleets, Teamsters, YRC Worldwide, LTL

January 17, 2014 - Industry News

FMCSA Readies Sanctions Against Repeat Violators

The Federal Motor Carrier Safety Administration will publish a rule next week containing tough new sanctions against carriers that disregard safety rules.

Tags: FMCSA, Drivers, Regulations, Fleets, Safety & Compliance, Enforcement

January 17, 2014 - Industry News

Conway Expects Little Improvement in 4th Quarter Earnings

Trucking and logistics parent company, Con-way Inc. has released guidance ahead of posting fourth quarter earnings, with the expectation they will be around what they were the same time a year ago, 21 cents per share.

Tags: Fleets, Earnings, Con-Way

January 16, 2014 - Industry News

Nearly $2 Million in Pension Benefits Returned to 515 Truckers

An investigation by the U.S. Department of Labor's Wage and Hour Division resulted in the restoration of $1,979,779 in 401(k) pension benefits to 515 drivers working on U.S. Postal Service contracts for California-based Lange Trucking.

Tags: Drivers, California, Department of Labor, Fleets

January 16, 2014 - Industry News

YRC and Teamsters Back in Talks Following Failed Contract Vote

It’s back to the negotiation table for the financially troubled parent of several trucking companies, YRC Worldwide, following Teamsters Union employees voting down a contract extension.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide

January 15, 2014 - Industry News

Independent Contractor Bill Signed into Law in New York

Credit: NY Governor's office

New York Gov. Andrew Cuomo has signed into law the New York State Commercial Goods Transportation Industry Fair Play Act, drastically changing how the state classifies independent contractors

Tags: New York, Legislation, Fleets, Owner-Operators, Teamsters, Independent Contractors

January 14, 2014 - Industry News

Specialized Transportation Renamed CRST Specialized Transportation

Iowa-based parent to several trucking companies, CRST International, has announced has changed the name of Specialized Transportation, which it acquired in 2011, to CRST Specialized Transportation.

Tags: Fleets, CRST

January 14, 2014 - Industry News

California Issues Reminder over Compliance with Reefer Rules

The California Air Resources Board is reminding brokers, forwarders, shippers and receivers that hire motor carriers to transport perishable goods on California highways to re-establish due diligence in their hiring practices with the start of 2014.

Tags: Drivers, CARB, California, Fleets, Safety & Compliance, Reefers, Shippers, Brokers

January 13, 2014 - Industry News

TCA Announces Division Winners in 2013 National Fleet Safety Awards

Eighteen fleets are being recognized for their excellent safety records; two will now advance to win grand prizes in March.

Tags: TCA, National Fleet Safety Awards, Fleets, Safety

January 13, 2014 - Industry News

UPS Freight Teamsters Approve New Contract

Teamsters union members at the trucking operation, UPS Freight, have voted overwhelmingly to ratify a new national five-year master agreement that increases wages, significantly strengthens pension benefits and takes on the issue of subcontracting.

Tags: Drivers, Fleets, Teamsters, UPS Freight

January 9, 2014 - Industry News

Teamsters Vote Down YRC Contract Extension

Teamsters Union truck drivers and other workers at the parent of less-than-truckload carriers, YRC Worldwide, have rejected the company’s proposal that would have extended and modified the existing labor contract until 2019, putting the company in jeopardy of having to file for bankruptcy.

Tags: Fleets, Teamsters, YRC Worldwide

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