April 24, 2014
The asset-light trucking and logistics provider Landstar System has reported record first quarter net income of $27.6 million, or 61 cents per diluted share, on record first quarter revenue of $688 million.
Parcel delivery and trucking giant UPS has reported a lower first quarter profit despite higher revenue, while another major less-than-truckload player hit a record.
The Teamsters Union has rolled over on the desires of some of its members, overriding earlier votes that continued to delay a new national contract with parcel carrier UPS.
April 23, 2014
Iowa-based truckload carrier Heartland Express has reported record operating revenue for the first quarter of the year, but its profit fell 28.4% from the same time a year ago.
April 22, 2014
Severe weather is being blamed for another downturn in profits by one of the nation’s largest trucking companies in the first quarter of the year.
April 21, 2014
Trucking and logistics provider Forward Air increased revenue the first quarter of the year but income fell compared to the same time in 2013.
Marten Transport, a Wisconsin-based carrier, just announced a change to its automatic driver detention pay program, which will now compensate drivers after just one hour.
April 18, 2014
A Wyoming-based trucking company is facing possible fines of more than $1 million for illegally dumping saltwater on a road, while criminal charges have been filed against the driver.
The tanker trucking company Kenan Transport will pay $27,000 to settle a pregnancy discrimination and retaliation lawsuit brought by the Equal Employment Opportunity Commission, the agency announced Thursday.
April 17, 2014
The trucking operation Hub Group has reported a 22% drop in first quarter income compared to the same time last year while revenue increased 10%.
The private equity firm Warburg Pincus had reached an agreement to acquire the fuel card and fleets payment services provider Electronic Funds Source.
An operations manager for California household good mover has been sentenced to 18 months in prison for participating in a “low ball estimate” scheme, as part of a more than 10-year federal investigation.
April 16, 2014
A trucking company has filed a lawsuit against the Illinois Department of Revenue over it disallowing the states rolling stock sales tax exemption on one of its pieces of equipment.
Online freight marketplace uShip has announced three top national less-than-truckload carriers have committed to uShip’s shipper-direct LTL spot rate marketplace.
April 15, 2014
Marten Transport on Tuesday reported net income of $5.3 million, or 16 cents per diluted share, in the first quarter of the year, compared with $7.2 million, or 22 cents per diluted share, in the first quarter of 2013.
The owner of a Massachusetts trucking company got far less than the maximum penalty for attempting to bribe a Federal Motor Carrier Safety Administration official.
April 14, 2014
Less-than-truckload carrier Old Dominion Freight Line will increase its base rates by an average of 4.3% effective May 1.
Connectivity continues making gains in and in the not too distant future every person, device and piece of equipment in trucking operation will be connected.
Multi-mode freight transportation provider J.B. Hunt Transport Services on Monday reported first quarter 2014 net earnings of $68.7 million, or diluted earnings per share of 58 cents, compared to first quarter 2013 net earnings of $73.3 million, or 61 cents per diluted share.
Truckload carrier Knight Transportation has revised upward expectations for its first quarter earnings.
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