May 4, 2000 - Industry News
FedEx Supply Chain Services, a third-party provider of integrated supply chain solutions, has created a new division named FedEx eLogistics to focus on providing businesses end-to-end electronic commerce logistics solutions
First quarter operating revenues rose 14% and net income increased 10% compared to the first quarter of 1999 for Arnold Industries, Lebanon, PA
First quarter results for Boyd Bros. Transportation, Clayton, AL, were hit by significant increases in fuel costs
May 2, 2000 - Industry News
Kenan Transport Co., Chapel Hill, NC, reported solid results for the first quarter of 2000. Revenue was $38.3 million compared to $34 million for the first quarter of 1999. Net income was $944,000 compared to
Low Acquisition, a company owned by New Prime President Robert Low, has extended its tender offer for outstanding shares of KLLM Transport Services common stock to May 30, 2000. The offer was to have expired on May 9
Dallas-based Frozen Food Express Industries, in the middle of a restructuring, reported a $563,000 loss for the first quarter.
The Nasdaq Stock Market has commenced proceedings to delist the shares of Asche Transportation Services, Shannon, IL from the Nasdaq National Market as a result of the company's failure to file its Form 10-K for the
Con-Way Transportation Services, Ann Arbor, MI, has added three new service features to its website, www.con-way.com. The features include an on-line function that allows electronic communication of a bill-of-lading and pickup notice, a
Canadian currency translation
April 28, 2000 - Industry News
KLLM Transport Services, Inc., Jackson, MS lost $1.0 million in the first quarter, compared with a net loss of $225,000 a year ago. Operating revenue was $57.6 million compared
with $55.3 million for the first quarter of
OTR Express, Olathe, KS, had a net loss of $814,000 in the first quarter, compared to net income of $144,000 in 1999. The company is in the process of restructuring and hopes to increase the number of owner-operators
Landair Corp. said first quarter operating revenue increased to $33.1 million compared with $31.9 million for the same quarter in 1999, but it had a net loss of $139,000. The company had net income of $421,000
Car-hauling giant Allied Holdings Inc., Decatur, GA, had a net loss of $1 million in the first quarter. The company said higher fuel costs, net of the surcharges, reduced earnings in by approximately $1.6 million, or
Consolidated Freightways Corp., Menlo Park, CA, had a net loss of $3.0 million in the first quarter after non-recurring charges. It had net income of $1.1 million before the charges. Net income for the same period
April 26, 2000 - Industry News
USA Truck, Inc., Van Buren, AR, suffered a first quarter loss it says was due largely to high fuel prices. The truckload fleet had record operating revenues of $55.1 million, up 52.3% from $36.2 million for
Transport Corporation of America, Minneapolis, has announced record revenues for the first quarter 2000 of $72.2 million, representing a 7.5 percent increase over 1999 first quarter revenues of $67.1 million.
First quarter net income, prior to
April 25, 2000 - Industry News
P.A.M. Transportation Services, Tonitown, AR, has reported net income of $2.1 million for the quarter ended March 31, 2000, compared to net income of $2.8 million for the quarter ended March 31, 1999. Revenues for the
Despite an ongoing Teamster protest, Overnite Transportation Co., Richmond, VA, was in the black in the first quarter
Knight Transportation Inc., Phoenix, AZ had higher income for the first quarter, despite higher fuel prices. The fleet reported operating revenue of $43.6 million, up 30 percent from $33.5 million for the same quarter of 1999.
Earnings at Old Dominion Freight Line, High Point, NC dropped slightly in the first quarter
April 24, 2000 - Industry News
J.B. Hunt Transport Inc. has contracted with Wal-Mart Stores Inc. to run truckload, rail and fleet service for 31 Wal-Mart distribution centers nationwide.
Seven companies focused on intermodal trucking, regional truckload and related logistics
services from across the U.S. will merge into RoadLink USA to form a national company with 50 service locations from coast-to-coast
April 21, 2000 - Industry News
"We're off to a good start in 2000," Bill Zollars, Yellow Corp. chairman, president and ceo said commenting on the LTL fleet's first quarter results.
The company had net income of $10.5 million, compared with net income
Hub Group, Inc., Lombard, IL, reported a loss in the first quarter largely attributable to one-time charges of approximately $700,000 and dramatically higher fuel costs.
Ryder System Inc. reported first quarter revenue from continuing operations of $1.31 billion, up 14% from first quarter 1999.
Higher fuel costs sent the first quarter earnings of Covenant Transport, down 37%, to $2.0 million from $3.2 million in the 1999 period.
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