July 31, 2014 - Industry News
YRC Worldwide Inc. cut it second quarter net loss to $4.9 million, or 16 cents per share, from $15.1 million, or $1.72 per share, from the same time a year ago.
Tags: Fleets, Earnings, YRC Worldwide, YRC Freight
The asset-light trucking and logistics service provider, Roadrunner Transportation Systems, has reported a small increase in its second quarter profit while revenue gained 36.6%.
Tags: Fleets, Roadrunner Transportation, Earnings
“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.
Tags: Fleets, Earnings, USA Truck
Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
Tags: Old Dominion Freight Line, Fleets, Earnings, Panther, ABF, ArcBest Corp.
Trucking company and logistics parent Con-way Inc. has reported second-quarter net income of $53.7 million, or 93 cents per diluted share. This compares to second-quarter 2013 net income of $42.9 million, or 75 cents per diluted share.
Tags: Fleets, Earnings, Con-Way, Con-way Inc.
July 30, 2014 - Industry News
The California Supreme Court issued a decision this week affirming the state’s labor and unemployment compensation laws are not preempted by federal statute, specifically the Federal Aviation Administration Authorization Act of 1994.
Tags: Drivers, California, Fleets, Litigation, Independent Contractors
It totaled nearly $118.6 million compared to almost $111.9 while net revenue increased 10.2% to $521 million for the Minnesota-based company.
Tags: Fleets, Earnings, C.H. Robinson
July 29, 2014 - Industry News
XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.
Tags: Fleets, Logistics, Mergers & Acquisitions, XPO Logistics
Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.
Tags: UPS, Fleets, Earnings, UPS Freight
July 28, 2014 - Industry News
While there has been no official word from less-than-truckload carrier ABF Freight or its parent ArcBest Corp., it appears the company has plans for a move and expansion of one of its primary facilities.
Tags: Tennessee, Arkansas, Fleets, ABF, ArcBest Corp., LTL
The freight brokerage firm Total Quality Logistics has selected St. Louis to open its new office, giving it locations in 14 states.
Tags: Missouri, Fleets, Logistics, Total Quality Logistics
Dry van truckload carrier P.A.M. Transportation Services has reported a sharp upturn in profit for the second quarter of the year despite a small drop in revenue.
Tags: Fleets, Earnings, P.A.M. Transportation
Freight transportation provider Schneider plans to double the size of its bulk intermodal trailer service to around 1,000 units throughout all of North American, including with new service into Canada and Mexico.
Tags: Intermodal, Fleets, Schneider, Schneider National
July 25, 2014 - Industry News
A federal judge, ending more than a decade of litigation, has approved a legal settlement between the Owner-Operator Independent Drivers Association and the trucking company C.R. England.
Tags: Drivers, C.R. England, OOIDA, Fleets, Litigation, Independent Contractors
Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.
Tags: Fleets, Earnings, Swift Transportation
July 24, 2014 - Industry News
Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.
Tags: Covenant Transport, Fleets, Earnings
July 23, 2014 - Industry News
Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.
Tags: Fleets, Earnings, Knight Transportation
Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.
Tags: Fleets, Earnings, Landstar
Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013.
Tags: Fleets, Earnings, Forward Air
July 22, 2014 - Industry News
Why is the government filing charges against parcel delivery and trucking giant FedEx? That is the key question said the investment firm Stifel in a note to investors following FedEx disclosing last week it had been indicted by the federal government for allegedly engaging in unlawful distribution of controlled substances.
Tags: Law Enforcement, Crime & Fraud, Fleets, FedEx
Trucking company Heartland Express saw its second quarter net income increase 38.7% compared to the same time a year ago, while revenue skyrocketed 69.3% during the same time.
Tags: Fleets, Earnings, Heartland Express, Gordon Trucking
July 21, 2014 - Industry News
Asset-light trucking and logistics provider, Roadrunner Transportation Systems, has acquired Integrated Services, ISI Logistics and ISI Logistics South for $13 million.
Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions
Trucking and logistics company Werner Enterprises saw its profit slip in the second quarter of the year despite increased revenue.
Tags: Werner Enterprises, Fleets, Earnings
July 18, 2014 - Industry News
Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.
Tags: International, Werner Enterprises, Fleets, Mergers & Acquisitions
July 16, 2014 - Industry News
Maverick Transportation has recently announced several changes to their driver pay scale, including substantial mileage pay increases, which will impact all incoming drivers no matter their experience.
Tags: Driver Pay, Maverick Transportation, Fleets, Drivers
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