Fleet Management

Fleets

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July 20, 2000 - Industry News

Covenant Announces 2Q Results and Stock Repurchase Program

Covenant Transport, Chattanooga, Tenn., has announced its second quarter revenue increased 23% to a record $139.4 million. This number is up from last year at this time, when Covenant revenue hit $113.2. However, net income decreased 51% to $2.9 million from $5.9 million in the 1999 period

Tags: Fleets

July 19, 2000 - Industry News

Driver Turnover Hurts Profits for USA Truck

Despite a 5.4% increase in revenue per mile and over 50% revenue growth, USA Truck Inc. recorded a 51.5% drop in net income for the second quarter of 2000

Tags: Fleets

July 18, 2000 - Industry News

Higher Fuel Costs Hurt Swift

Swift Transportation Co., a truckload carrier in Phoenix, Ariz., posted second quarter 2000 profits of $16.6 million on revenues of $316 million versus profits of $17.5 million on $262.6 million second quarter 1999

Tags: Fleets

July 18, 2000 - Industry News

Higher Rates Help J.B. Hunt Bottom Line

J.B. Hunt Transport Services’ second quarter earnings were positively impacted by higher consolidated revenue levels and truck rate increases (excluding fuel surcharges), the company said

Tags: Fleets

July 18, 2000 - Industry News

Yellow Profits Up in Second Quarter

Yellow Corp. posted second quarter 2000 profits of $14.8 million, up from $13 million for the same period in 1999. Including a one-time after-tax gain at Yellow Freight, profits for the corporation were $23.5 million

Tags: Fleets

July 18, 2000 - Industry News

Watkins Terminal Runs Into Resident Opposition

Watkins Motor Lines is hitting a roadblock in its plans to build a massive trucking terminal near US-27 and State Road 50 in south Lake County, Fla

Tags: Fleets

July 17, 2000 - Industry News

Rocor Violated Leasing Regs, Judge Says

After being hit with two lawsuits filed by the Owner Operators Independent Drivers Association, Oklahoma City-based Rocor International has been found in violation of federal leasing regulations by an Oklahoma district court

Tags: Fleets

July 17, 2000 - Industry News

CF Announces Rate Hike

Consolidated Freightways, an LTL and logistics company based in Menlo Park, Calif., has announced a general rate increase, which will be put into effect August 1. The increase will average 5.85 percent for all non-contractual customers

Tags: Fleets

July 14, 2000 - Industry News

Yellow Freight Increases Rates

Yellow Freight System, Overland Park, Kan., has announced a general rate increase averaging 5.9 percent affective August 1 for customers not currently on contract rates

Tags: Fleets

July 14, 2000 - Industry News

Landstar Posts Record 2nd Quarter Profits

Landstar System reported record net income of $11.3 million for second quarter 2000, excluding a one-time $3 million pre-tax charge for the relocation and restructuring of its Landstar Ligon division

Tags: Fleets

July 12, 2000 - Industry News

High Road Extends Offer for KLLM

High Road Acquisition Corp., Jackson, Miss., announced yesterday that the subsequent offering period for its offer for KLLM Transport stock at $8.05 per share has been extended until 5 p.m., eastern time on Tuesday, July 18, at the same price

Tags: Fleets

July 11, 2000 - Industry News

Carrier, Owner-Operators Battle Over Lease Agreements

Millsap & Son Trucking, Emory, Texas, and former owner-operators leased to the company may end up in court over allegations of lease violations and non-payment of funds owed. The furor started in May, when Glenn Bullock of Lone Star, Texas, reportedly sued Millsap & Son, claiming the company committed a breach of contract by voiding five lease agreements with Bullock in February

Tags: Fleets

July 11, 2000 - Industry News

Averitt Express Guarantees Delivery of Time-Sensitive Freight

Transportation and logistics provider Averitt Express, Cookeville, Tenn., has announced the introduction of a new Standard Definite transportation service for shippers of time-sensitive LTL freight

Tags: Fleets

July 11, 2000 - Industry News

Con-Way Announces Executive Appointments

Con-Way Transportation Services has announced two executive appointments for company locations in California and Michigan

Tags: Fleets

July 11, 2000 - Industry News

CF Continues Terminal Expansion into Mexico

LTL carrier Consolidated Freightways has opened a terminal in Puebla, Mexico, to answer growing demand provided by its subsidiary, CF/Mexico

Tags: Fleets

July 10, 2000 - Industry News

Schneider Spin-off Goes Public

Schneider National, Green Bay, Wisc., has announced plans to spin off its logistics business as a separate company and to seek outside capital for Schneider Logistics

Tags: Fleets

July 10, 2000 - Industry News

Con-Way Central Express Opens New Kentucky Facility

Con-Way Central Express, a LTL carrier based in Ann Arbor, Mich., has announced that a new high-volume freight assembly center in Louisville, Ky., will begin full operations this week

Tags: Fleets

July 10, 2000 - Industry News

Roadway Expands Expedited Coast-to-Coast Service

Roadway Express, Akron, Ohio, recently increased its expedited two to three day coast-to-coast service into the Southeast states of Georgia, Florida, South Carolina and parts of Alabama and North Carolina

Tags: Fleets

July 7, 2000 - Industry News

Roadway Second Quarter Net Up 30%

Roadway Express, Akron, Ohio, last week said its earnings hit 52 cents per share in the second quarter, representing an increase of 29% or 40 cents per share from the same time last year

Tags: Fleets

July 7, 2000 - Industry News

High Road Completes Cash Tender Offer for KLLM

High Road Acquisition Corp. has announced the purchase of nearly 83% of KLLM’s outstanding shares with a tender offer of $8.05 per share

Tags: Fleets

July 7, 2000 - Industry News

Transit Group Finds New Home

Transit Group Inc. is abandoning its Atlanta headquarters and setting up operations in Groveland, Fla., reports the Orlando Sentinel

Tags: Fleets

July 5, 2000 - Industry News

Intrenet Fleets Linked

Intrenet Inc., the holding company that operates a number of truckload carriers, has launched phase one of its Common Freight Board, which will eventually link all the Intrenet fleets so each company can see all of the loads available to it and sister companies

Tags: Fleets

July 1, 2000 - Industry News

OTR Express Projects Losses For Second Quarter

OTR Express is blaming higher fuel costs and lower demand for freight services for projected second quarter losses

Tags: Fleets

June 28, 2000 - Industry News

Tyson to Offer Park-N-View to Drivers

PNV, Coral Springs, Fla., has signed its first major private fleet contract

Tags: Fleets

June 28, 2000 - Industry News

Consolidated Freightways Wins Quality Supplier Award

Consolidated Freightways has been designated an "Excellent Supplier" by TTX Co. for providing top quality transportation and logistics service

Tags: Fleets

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