January 27, 2014 - Industry News
XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.
Tags: Fleets, Earnings, Mergers & Acquisitions, XPO Logistics, Pacer International
The parent to several freight transportation providers, including Covenant Transport, has released numbers showing net income doubled in the final quarter of the year, but there was a slight decline for all of 2013.
Tags: Covenant Transport, Fleets, Earnings
Trucking company Swift Transportation reported a drop in earnings for the final quarter of 2013 but an increase for all of last year.
Tags: Fleets, Earnings, Swift Transportation, Fleet Financials
The third party logistics provider Transplace has released the results of its annual benchmarking study that includes data from more than 150 shippers, representing more than $12 billion dollars in annual freight spending.
Tags: Transplace, Fleets, Owner-Operators, Shippers, Freight Rates
The owner, operator, and president of East, St. Louis, Ill.-based Clark Trucking and Excavation was sentenced to 33 months in prison late last week.
Tags: Drivers, Missouri, Fleets, Fraud, Crime
January 26, 2014 - Industry News
YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.
Tags: Teamsters, YRC Worldwide, Fleets
January 23, 2014 - Industry News
The parent to a ground transportation provider in the air cargo industry, Forward Air Corporation, has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, from Central States Inc.
Tags: Drivers, Fleets, Mergers & Acquisitions, Forward Air
The New York state Department of Transportation is not adequately monitoring whether commercial carriers whose vehicles or drivers have been taken off the road because of violations are making needed repairs or corrections, potentially putting the public at risk, according to a new audit released by New York’s comptroller.
Tags: FMCSA, Drivers, New York, Regulations, Fleets, Safety & Compliance
Supply chain logistics service provider Odyssey Logistics & Technology Corporation, based in Conn., has purchased both CMI Freight-Trans and Steel Wheel Transfer, 25 year-old companies headquartered in Orland Park, Ill.
Tags: Fleets, Mergers & Acquisitions, Odyssey Logistics
Freight transportation services provider J.B. Hunt Transport services has reported hitting record financial numbers for the final quarter of last year as well for all of 2013.
Tags: J.B. Hunt, Fleets, Earnings
January 22, 2014 - Industry News
Leaders from Teamster local unions representing workers at trucking giant YRC Worldwide, have overwhelmingly recommended approval of a revised tentative labor contract members will vote on this coming Saturday and Sunday.
Tags: Drivers, Fleets, Teamsters, YRC Worldwide
Refrigerated trucking company Marten Transport has reported the highest net income for any year in its history.
Tags: Fleets, Earnings, Marten Transport
January 21, 2014 - Industry News
One household goods mover and an affiliate have allegedly swindled millions of dollars from the federal government by submitting false claims about relocating military personnel, according to a recently disclosed lawsuit.
Tags: Fleets, Fraud, Investigation
The Federal Motor Carrier Safety Administration’s newest enforcement tool is a shutdown order for carriers that flagrantly disregard the safety rules. Under a final rule to be posted this week, the agency can suspend or revoke the authority of willful repeat violators, and impose civil or criminal penalties.
Tags: FMCSA, ATA, OOIDA, MAP-21, Regulations, Fleets, Drivers, GAO, Werner Enterprises, FedEx, Congress
Parcel and trucking company UPS has offered a glimpse of its fourth quarter and 2013 earnings ahead of releasing its full report on Jan. 30.
Tags: UPS, Fleets, Earnings
January 17, 2014 - Industry News
The Teamsters Union and YRC Worldwide announced Friday they reached a tentative agreement on a new labor contract, providing a pathway for substantial debt reduction and refinancing initiatives for the parent of several trucking operations.
Tags: Fleets, Teamsters, YRC Worldwide, LTL
The Federal Motor Carrier Safety Administration will publish a rule next week containing tough new sanctions against carriers that disregard safety rules.
Tags: FMCSA, Drivers, Regulations, Fleets, Safety & Compliance, Enforcement
Trucking and logistics parent company, Con-way Inc. has released guidance ahead of posting fourth quarter earnings, with the expectation they will be around what they were the same time a year ago, 21 cents per share.
Tags: Fleets, Earnings, Con-Way
January 16, 2014 - Industry News
An investigation by the U.S. Department of Labor's Wage and Hour Division resulted in the restoration of $1,979,779 in 401(k) pension benefits to 515 drivers working on U.S. Postal Service contracts for California-based Lange Trucking.
Tags: Drivers, California, Department of Labor, Fleets
It’s back to the negotiation table for the financially troubled parent of several trucking companies, YRC Worldwide, following Teamsters Union employees voting down a contract extension.
January 15, 2014 - Industry News
New York Gov. Andrew Cuomo has signed into law the New York State Commercial Goods Transportation Industry Fair Play Act, drastically changing how the state classifies independent contractors
Tags: New York, legislation, Fleets, Owner-Operators, Teamsters, Independent Contractors
January 14, 2014 - Industry News
Iowa-based parent to several trucking companies, CRST International, has announced has changed the name of Specialized Transportation, which it acquired in 2011, to CRST Specialized Transportation.
Tags: Fleets, CRST
The California Air Resources Board is reminding brokers, forwarders, shippers and receivers that hire motor carriers to transport perishable goods on California highways to re-establish due diligence in their hiring practices with the start of 2014.
Tags: Drivers, CARB, California, Fleets, Safety & Compliance, Reefers, Shippers, Brokers
January 13, 2014 - Industry News
Eighteen fleets are being recognized for their excellent safety records; two will now advance to win grand prizes in March.
Tags: TCA, National Fleet Safety Awards, Fleets, Safety
Teamsters union members at the trucking operation, UPS Freight, have voted overwhelmingly to ratify a new national five-year master agreement that increases wages, significantly strengthens pension benefits and takes on the issue of subcontracting.
Tags: Drivers, Fleets, Teamsters, UPS Freight
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