September 3, 2013 - Industry News
Trucking company C.R. England says it is responding to “a stagnant economy, increasing federal regulations and a tightening market for drivers” in making a decision to cut 81 non-driving positions from its workforce.
Tags: C.R. England, Fleets
August 29, 2013 - Industry News
Teamsters Union members at the trucking company ABF have approved five of the seven remaining supplements, while two did not pass.
Tags: Drivers, Fleets, Teamsters, ABF
August 28, 2013 - Industry News
Highly successful companies use distinct practices in building their workforces and offer more benefits to recruit and retain drivers when compared to all other trucking companies, according to new research in the 2013 Texas Trucking Industry Study.
Tags: Drivers, Texas, Recruiting, Fleets, Retention
August 22, 2013 - Industry News
Heavy Duty Trucking is looking for fleets that have made a commitment to sustainability, alternative fuels and greenhouse gas emissions for its November issue on Top Green Fleets.
Tags: Fleets, Alternative Fuels & Hybrids, Natural Gas, MPG, Emissions
August 21, 2013 - Industry News
A truck driver reported that he was distracted just before he ran into the car in front of him, pushing it off of the Chesapeake Bay Bridge into the water 27 feet below.
Tags: Accidents, Drivers, NTSB, Maryland, Fleets
More than nine years after a suit was first filed against the carrier Swift Transportation, over claims it cheated drivers out of compensation, it has been certified as a class action.
Tags: Drivers, Fleets, Litigation, Swift Transportation
Freight rates on one leading spot market have declined over the past week, but they remain stronger than usual for this time a year, especially in two sectors.
Tags: Fleets, Freight, Owner-Operators, Spot Freight, DAT Transcore
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
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