November 14, 2014 - Industry News
The trucking, parcel and logistics service provider expects earnings per share to increase next year by 10% to 15% from 2014 to between $5.45 to $5.70.
Tags: UPS, Fleets, Earnings
November 13, 2014 - Industry News
An effort by the Teamsters Union to organize drivers at the FedEx Freight terminal in Newark, New Jersey was rejected in a Wednesday vote.
Tags: Drivers, New Jersey, Fleets, Teamsters, Labor Unions, FedEx, FedEx Freight
November 12, 2014 - Industry News
Choice Logistics has named Senior Vice President James Adams to the newly created company position of chief operating officer.
Tags: Fleets, People, Choice Logistics
November 11, 2014 - Industry News
Old Dominion Freight Line Inc. has approved a stock repurchase program authorizing the North Carolina-based trucking company to repurchase up to $200 million of its outstanding common stock.
Tags: Old Dominion Freight Line, Fleets
November 6, 2014 - Industry News
Bulk and chemical logistics provider Quality Distribution Inc. has reported a 9.7% increase in revenue in the third quarter of the year compared to a year ago while earning increased by an even wider margin.
Tags: Fleets, Earnings, Quality Distribution, Quality Carriers, Boasso America
Knight Transportation Inc. CEO Kevin Knight will step down from part of his role with the company on Jan. 1.
Tags: Fleets, People, Knight Transportation
November 5, 2014 - Industry News
William J. Logue has been in the role at the less-than truckload carrier since 2010.
Tags: Fleets, People, FedEx, FedEx Freight
November 4, 2014 - Industry News
Forward Air Corp’s. motor carrier subsidiary, FAF Inc., is raising owner-operator pay effective Jan 4. The contractual base rate will increase by 10 cents per mile for team less-than-truckload and truckload express service, while rates for solo truckload express drivers will increase by 6 cents per mile.
Tags: Fleets, Owner-Operators, Forward Air, Driver Pay
The trucking operation Forward Air Corp. announced its subsidiary, Central States Trucking Co., has purchased substantially all of the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc., based in Indianapolis, Indiana.
Tags: Fleets, Mergers & Acquisitions, Forward Air
November 3, 2014 - Industry News
Transportation and logistics provider USA Truck Inc. has announced earnings for the third quarter of the year showing its most profitable quarter in eight years and its second straight quarterly profit.
Tags: Fleets, Earnings, USA Truck
Trucking and logistics holding company ArcBest Corp. has reported improved third quarter 2014 results, reflecting business growth at ABF Freight and all of its emerging companies.
Tags: Fleets, Earnings, ABF, ArcBest Corp.
Trucking and logistics provider Roadrunner Transportation Systems reported record revenue and operating income for the third quarter.
Tags: Fleets, Roadrunner Transportation, Earnings, LTL, Truckload
November 1, 2014 - Industry News
The U.S. Equal Employment Opportunity Commission filed a lawsuit last week against Panama, Iowa-based trucking company Panama Transfer, saying it violated federal law by allowing a female dock worker to be sexually harassed and then firing her for resisting that harassment.
Tags: Fleets, Litigation, Equal Employment Opportunity Commission, EEOC
October 31, 2014 - Industry News
Trucking operation YRC Worldwide turned its business around in the third quarter of the year, going from a $44.1 million net loss a year ago to a net profit of $1.2 million.
Tags: Fleets, Earnings, YRC Worldwide, YRC Freight
October 30, 2014 - Industry News
Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.
Tags: Old Dominion Freight Line, Fleets, Earnings
Revenue for the quarter increased 10.5% to $193.4 million from $175.1 million a year earlier. Freight revenue, which excludes fuel surcharges, increased 11.1% to $157.7 million.
Tags: Celadon Group, Fleets, Earnings
The trucking operation Con-way Inc. has reported 2014 third-quarter net income of $45.6 million, or 78 cents per diluted share.
Tags: Con-way Freight, Fleets, Earnings, Con-way Truckload, Con-way Inc.
October 28, 2014 - Industry News
Dry-van truckload carrier P.A.M. Transportation Services reported record profit in the third quarter of the year, more than doubling from the same time a year ago to $5.1 million.
Tags: Fleets, Earnings, PAM Transport
The mainly less-than-truckload carrier Saia inc. has reported an increase in its third quarter profit due to significant gains in tonnage and shipments.
Tags: Fleets, Earnings, Saia
October 27, 2014 - Industry News
Trucking and logistics operator Celadon Group Inc. on Monday announced the purchase of A&S Services Group LLC, a regional for-hire and dedicated truckload carrier.
Tags: Pennsylvania, Celadon Group, Fleets, Mergers & Acquisitions
Profit and earnings for truckload carrier Heartland Express shot up in the third quarter of the year compared to the same time in 2013, as loads turned down were the highest since before the Great Recession.
Tags: Fleets, Earnings, Heartland Express
The mainly less-than-truckload carrier ABF Freight has announced an increase in general rates and charges effective Nov. 3.
Tags: LTL, Fleets, ABF, Freight Rates
October 24, 2014 - Industry News
With year-over-year profitability improvements in its truckload, intermodal and refrigerated segments, Swift Transportation saw its net income surge to $50.2 million in the third quarter, compared to $30 million a year ago.
Tags: Fleets, Earnings, Swift Transportation
Net income during the period was $16.7 million compared to $14.2 million in the prior-year quarter or 54 cents per diluted share compared with 46 cents per diluted share.
Tags: Fleets, Earnings, Forward Air
Higher package volume and growth in distribution and UPS Freight business led UPS Inc. to an upswing in third-quarter earnings compared to a year ago.
Tags: Fleets, Earnings, UPS Freight, UPS, LTL
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