Fleets

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August 21, 2013

Spot Market Freight Rates Remain Strong Despite Weekly Drop

Freight rates on one leading spot market have declined over the past week, but they remain stronger than usual for this time a year, especially in two sectors.

August 20, 2013

PeopleNet Recognizes Four Fleet Innovators

Four fleets were honored as “exceptional” innovators at PeopleNet’s annual Customer Appreciation Dinner during the company’s users conference Tuesday in San Antonio.

August 19, 2013

Paradigm Oil and Gas Closes Purchase of Cam Trucking and Well Services

Texas-based Paradigm Oil and Gas closed on the purchase of Cam Trucking and Well Services on Friday.

August 16, 2013

Economic Watch: Housing Starts Increase While Consumer Confidence Drops

U.S. housing starts in July jumped 5.9% in July from the month before due to strength in volatile multifamily construction.

August 15, 2013

Roadrunner Transportation Prices Stock Offering

Asset-light and logistics provider, Roadrunner Transportation, has priced a public offering of 4.3 million shares of common stock, an increase over its previously announced public offering of 3.5 million shares, at a price of $27 per share to the public.

August 14, 2013

Achieve Maximum Productivity by Spec’ing the Right Truck

When looking to maximize the productivity of their fleets, executives should take advantage of the variety of resources available to them, both before and during the truck specification process. Industry experts can help them weigh and evaluate the hundreds of decisions awaiting them.

August 12, 2013

Bill Would Expand States’ Ability to Regulate Ports

Two New York legislators are pushing a bill that would allow states to regulate port trucking in ways similar to the Port of Los Angeles program that was rejected by the Supreme Court.

August 9, 2013

ELog Proposal Goes to Office of Management and Budget

The Transportation Department sent its proposed Electronic Logging Devices rule to the White House Office of Management and Budget for final vetting before publication.

August 8, 2013

Maersk Selling Bridge Terminal Transport

The ocean cargo shipping line, Maersk, announced today that it has entered into an agreement to sell substantially all the assets of its subsidiary Bridge Terminal Transport, to an affiliate of Platinum Equity, a Los Angeles-based private equity firm.

August 5, 2013

Con-Way Truckload Equipping new Trucks With Safety Technology

Con-way Truckload has announced it is investing in three safety technology systems for all of the 525 new tractors it will take delivery of in 2013.

August 5, 2013

Rig Runners Purchased by EZE and Private Investment Firm

EZE Trucking, which provides trucking and logistics for the infrastructure, energy and industrial markets, along with the private equity firm Atlantic Street Capital, have acquired Rig Runners, a heavy haul and over dimensional trucking company.

July 26, 2013

Covenant, Pacer, Saia, UTI, P.A.M. Report Financials

More carriers have reported second quarter financial results, with both Covenant Transport and Universal Truckload showing a decline in profit, Pacer showing a slighter bigger one, and Saia and P.A.M. showing increases in both profit and revenue.

July 25, 2013

Swift Earnings Increase Due to Pickup in Truckload and Intermodal Operations

The multi-service trucking provider Swift Transportation saw an increase in both earnings and revenue during the second quarter of the year. The Arizona-based operation posted a profit of $42.9 million compared to $33.7 million from the same time a year ago.

July 25, 2013

Landstar Profit and Revenue Falls

Asset-light trucking company Landstar System has reported a second quarter downturn in profit and business but expects a pickup in the current quarter.

July 25, 2013

Old Dominion Profit Soars in Second Quarter

Less-than-truckload carrier Old Dominion Freight Line has reported a big boost in profit and business for the second quarter of the year as well as the first half of 2013.

July 25, 2013

Teamsters, UPS Freight Extend Current National Agreement

The Teamsters Union and UPS Freight have agreed to an extension of the current UPS Freight National Agreement in order to give the parties time to continue negotiations. This means that the current agreement will remain in place until the agreement has been revoted and accepted by the members.

July 23, 2013

UPS Profit Falls Slightly in Second Quarter

Parcel and freight transport giant UPS has reported a slight drop in its second quarter profit, falling from $1.79 billion in 2012 to $1.74 billion for the most recent quarter.

July 23, 2013

Werner Second-Quarter Profit and Revenue Fall

Werner Enterprises saw its total revenue fall 3% to $506.6 million in the second quarter compared to last year, while net income dropped 16% to $25.8 million. A cold, wet April was the primary culprit.

July 22, 2013

Two LTL Carriers Announce Rate Hikes of Near 6%

Two carriers serving the less-than-truckload markets have announced general rate hikes.

July 22, 2013

Heartland Express Reports Improved Second Quarter Profit

Iowa-based truckload carrier Heartland Express announced financial results for the second quarter of the year, showing net income increased $0.9 million to $19.1 million compared to $18.2 million in the 2012 period, a 5% increase.

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