Fleets

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April 24, 2015

Covenant Transport Turns Finances Around

The holding company for trucking companies Covenant Transport and others moved to a profit from a loss in the first quarter of the year.

April 24, 2015

Landstar Reports Record Revenue, Earnings

Landstar System reported record first quarter diluted earnings per share of 67 cents on record first quarter revenue of $762 million.

April 23, 2015

Acquisition Costs Cut Into Forward Air Income

Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue.

April 22, 2015

Werner Improves Income 61% in First Quarter

Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.

April 22, 2015

Knight Transportation Quarterly Profit Jumps 55.1%

Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.

April 21, 2015

When Bumping Into Each Other Means Good Business

As Oklahoma-based Melton Truck Lines has grown, it has tried to address the issue of keeping a small-company feel. Find out how it does that with its new building in the "All That's Trucking" blog.

April 21, 2015

Echo Global Buys Command Transportation for $420 Million

Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.

April 15, 2015

Profit Nearly Doubles for Marten Transport

Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.

April 14, 2015

J.B. Hunt Reports Nearly $92 Million Profit

J.B. Hunt Transport Services Inc. announced on Tuesday first quarter 2015 net earnings of $91.9 million, or diluted earnings of 78 cents per share, compared to first quarter 2014 net earnings of $68.7 million, or diluted earnings of 58 cents per share.

April 7, 2015

FedEx to Buy Dutch Parcel Carrier TNT Express

FedEx Corp. Tuesday announced it will buy European package company TNT Express for $4.8 billion, creating a strong third competitor in the European market.

March 18, 2015

FedEx Profit Leaps More Than 50%

FedEx Corp. on Wednesday reported a 4% increase in revenue while profit jumped more than 50% in its most recent fiscal quarter.

March 10, 2015

Forward Air Completes CLP Towne Purchase

Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc. combining two of the largest trucking companies moving freight to and from the nation’s airports.

March 10, 2015

Carrier Ordered to Pay Nearly Half a Million Dollars to 12 Former Drivers

The trucking company PAM Transport Inc. has been ordered to pay 12 of its former truck drivers a total of $477,399 in a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission.

March 3, 2015

C.R. England Offers Additional Driver Trainer Bonus

C.R. England is offering bonuses to all company and independent contractor driver trainers for apprentices who are successfully trained and upgraded. A pay increase was also announced for a large percentage of drivers in C.R. England’s regional fleets.

February 25, 2015

Quality Distribution Sees a Return to Profits

The bulk chemical transportation provider Quality Distribution Inc moved from being in the red to the black in the fourth quarter of last year and for all of 2014.

February 23, 2015

FTC Looks to Stop Merger Combining Two of Nation’s Largest Private Fleets

The Federal Trade Commission has filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for foodservice distribution services.

February 20, 2015

Universal Truckload Services Profit Slips

The logistics and customized freight transportation provider Universal Truckload Services Inc. has reported earnings showing profits declined slightly in the final quarter of last year and for all of 2014.

February 18, 2015

XPO Logistics Trims Quarterly Losses

XPO Logistics released financial numbers on Wednesday showing a net loss of $9.9 million for the fourth quarter of 2014, compared with a net loss of $10.6 million for the same period in 2013.

February 18, 2015

Neptune Orient Sells APL Logistics for $1.2 Billion

Singapore’s global container shipping and logistics company Neptune Orient Lines Ltd. has reached an agreement to sell its APL Logistics business for $1.2 billion.

February 18, 2015

FMCSA Orders Small Carrier Shut Down Due to Safety Violations

The Federal Motor Carrier Safety Administration declared a small Aurora, Colorado-based trucking company to be an imminent hazard to public safety and ordered it immediately shut down on Feb. 12, according to a news release issued Wednesday.

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