February 3, 2014 - Industry News
XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.
Tags: Fleets, XPO Logistics, Pacer International
Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.
Tags: Drivers, Fleets, Teamsters, YRC Worldwide, YRC Freight
January 31, 2014 - Industry News
Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.
Tags: Fleets, Earnings, Saia, Celadon, Landstar
YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.
Tags: Fleets, Teamsters, YRC Worldwide
January 30, 2014 - Industry News
Trucking, parcel and logistics giant UPS increased profit in the final quarter of the year and for all of 2013.
Tags: UPS, Fleets, Earnings, UPS Freight
The parent company to less-than-truckload carrier ABF Freight System and ground expedite fleet Panther Expedited Services reported a profit in the final quarter of 2013 after reporting a loss a year earlier.
Tags: Fleets, Earnings, Arkansas Best, Panther, ABF
January 29, 2014 - Industry News
Hub Group has announced financial results showing income of $16.5 million for the fourth quarter of last year or earnings per share of 45 cents...
Tags: Fleets, Earnings, Hub Group
After a strong start to the month, freight activity and rates on the spot truckload market tapered off during the week ending Jan. 25 compared to the previous seven days.
Tags: Fleets, Freight, Owner-Operators, Spot Freight, DAT Transcore
Truckload carrier and logistics provider Knight Transportation announced Wednesday its fourth quarter 2013 profit increased 12.7% to $20.1 million or 25 cents per share, from $17.7 million or 22 cents per share a year earlier.
Tags: Fleets, Earnings, Knight Transportation
January 28, 2014 - Industry News
Nebraska-based trucking and logistics company Werner Enterprises has reported a decline in net income for the fourth quarter and all of last year.
Tags: Werner Enterprises, Fleets, Earnings
The Missouri Department of Transportation has launched the Missouri Freight Plan, the next step in a process started last year to develop the state's long-range transportation plan.
Tags: Infrastructure, Missouri, Fleets, Highways, Freight
Truck dealers and fleet managers need to work together to smooth maintenance on complex trucks so the industry can continue to grow, Philip Byrd, 2014 chairman of the American Trucking Associations, told an audience at the American Truck Dealers’ annual convention in New Orleans on Sunday.
Tags: American Truck Dealers, American Trucking Associations, Drivers, Maintenance, Dealers, Fleets, ATA
January 27, 2014 - Industry News
XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.
Tags: Fleets, Earnings, Mergers & Acquisitions, XPO Logistics, Pacer International
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
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
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
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 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
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
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
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
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
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
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
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
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