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September 3, 2013 - Industry News

C.R. England Thins Non-Driver Ranks

Photo: Evan Lockridge

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 Approve Five of Seven ABF Supplement Agreements

New Teamsters contract with ABF won't take effect until all supplemental agreements are approved. Photo: Evan Lockridge

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

Study: Highly Successful Trucking Companies Use Different HR Practices with Drivers

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

HDT Looking for Greenest Fleets

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

Truck Driver Was Distracted Before Bridge Crash, NTSB Says

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

August 21, 2013 - Industry News

Lawsuit Against Swift Transportation Certified as Class Action

Swift potentially faces claims from drivers over how they were paid. Photo: Evan Lockridge

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

August 21, 2013 - Industry News

Spot Market Freight Rates Remain Strong Despite Weekly Drop

Spot market freight rates are remaining stronger than usual for this time of year says DAT. Credit: DAT

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

PeopleNet Recognizes Four Fleet Innovators

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

Roadrunner Transportation Prices Stock Offering

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

Bill Would Expand States’ Ability to Regulate Ports

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

Maersk Selling Bridge Terminal Transport

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

Rig Runners Purchased by EZE and Private Investment Firm

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

Swift Earnings Increase Due to Pickup in Truckload and Intermodal Operations

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

July 25, 2013 - Industry News

Landstar Profit and Revenue Falls

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

July 25, 2013 - Industry News

Old Dominion Profit Soars in Second Quarter

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

July 25, 2013 - Industry News

Teamsters, UPS Freight Extend Current National Agreement

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

UPS Profit Falls Slightly in Second Quarter

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

July 23, 2013 - Industry News

Werner Second-Quarter Profit and Revenue Fall

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 LTL Carriers Announce Rate Hikes of Near 6%

Two carriers serving the less-than-truckload markets have announced general rate hikes.

Tags: Freight Rates, LTL, Fleets

July 22, 2013 - Industry News

Heartland Express Reports Improved Second Quarter Profit

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

Marten Transport Increases Second Quarter Income and Revenue

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

Duff Brothers Buying Frozen Food Express

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

July 15, 2013 - Industry News

J.B. Hunt Second Quarter Revenue and Profit Improves

J.B. Hunt's intermodal segment saw loads grow by 12%.

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

July 15, 2013 - Industry News

XPO Logistics to Acquire Logistics Provider 3PD

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

Inadequate Rates of Return Keeping Fleets from Buying

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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