ODFL Reports Record Third Quarter Earnings, Revenue
Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.
Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.
Cummins reported its third quarter revenue was $4.9 billion, a 15% increase from the third quarter of last year. Stronger demand for on-highway markets and distributor acquisitions in North America was a significant factor in revenue growth.
Heavy Duty Trucking announced its second annual Top 50 Green Fleets at the Green Fleet Conference in Schaumburg, Ill., Thursday. A ceremony was held at the conference to honor these fleets for their sustainability efforts in areas such as fuel economy, alternative fuels and emissions.
One of the broadest measures of the health of the American economy shows it expanded at an annual rate of 3.5% in the third quarter of the year.
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.
The trucking operation Con-way Inc. has reported 2014 third-quarter net income of $45.6 million, or 78 cents per diluted share.
The Erie Canal, Hoover Dam, the Golden Gate Bridge, the Interstate Highway System – all were built by men of vision, but today Congress lacks enough such people to rebuild America’s worn and aging infrastructure, said former Transportation Secretary Ray LaHood, calling for a 10-cent-a-gallon increase in the fuel tax.
Telogis released several new tools for the company’s fleet analytics software at the Telogis Latitude event in Dana Point, Calif. These new tools included the Telogis For Field Service extension, the Dynamic Response Suite, and Telogis Sites.
Hot Line Freight System is opening two new terminals in Ohio and Illinois will expand shipping opportunities for the surrounding areas bringing less-than-truckload service to the Midwest.
“The average loss-value ceiling continues to rise and illustrates that organized cargo thieves continue to aggressively target high value freight,” FreightWatch said in its report.
Rates for spot market freight remain stagnant for the third straight week, according to a new snapshot of the market from the freight matching service provider DAT Solutions.
With 56 days left until Christmas UPS is expecting to set another record this holiday season in terms of the number of packages it will deliver.
The Paragon Software Systems Arrivals Board application allows in-store receiving personnel to monitor real-time ETA information of trucks scheduled to make deliveries as well as the load characteristics of each truck.
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.
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.
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