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July 21, 2000

Simon Transportation Reports Third Quarter Losses

Rising fuel costs continue to hamper Simon Transportation Services’ ability to maintain a profit

July 20, 2000

High Road Closes Deal on KLLM

With 3.2 million shares of KLLM Transport in hand, High Road Acquisition Corp. is now in a position to take the newly acquired trucking company private

July 20, 2000

ABF Leads Strong Quarter for Arkansas Best

Arkansas Best Corp. posted second quarter profits of $17.7 million, up 60% from $11.1 million reported second quarter 1999 and a company record

July 20, 2000

Knight Earnings Up

Phoenix-based Knight Transportation Inc. reported second quarter 2000 revenue of $51.7 million, up 40.8% from the $36.7 million in second quarter 1999

July 20, 2000

UPS Posts Record Quarter, Gains in All Segments

Increased volume and market share growth gave UPS record financial performance for the second quarter of 2000

July 20, 2000

Old Dominion Posts Record Revenue, Earnings

Old Dominion Freight Line, an inter-regional and multi-regional LTL carrier based in High Point, NC, posted second quarter 2000 revenue of $120.1 million, up 13.1% from $106.2 million in second quarter 1999, and net income of $4.6 million, up 7.3% from $4.3 million.

July 20, 2000

Fuel Prices, Used Truck Glut Hurts Werner

Despite record revenues for second quarter, Werner Enterprises’ profits showed the effects of high fuel prices and a weak used truck market

July 20, 2000

Revenues Up, Profits Down For Transport Corp.

Transport Corp. of America reported second quarter 2000 revenues of $73.4 million, down from $75 million a year earlier

July 20, 2000

Trucking Company Forks Over $2.6 Million to Accident Victims

The owner of a truck involved in an accident involving an Arbutus, Md., footbridge last year has agreed to a $2.6 million settlement with the accident’s victims

July 20, 2000

Schneider Ups Driver Pay

Truckers who work for Schneider National, Green Bay, Wis., will receive their second pay increase of 2000 on July 30

July 20, 2000

Covenant Announces 2Q Results and Stock Repurchase Program

Covenant Transport, Chattanooga, Tenn., has announced its second quarter revenue increased 23% to a record $139.4 million. This number is up from last year at this time, when Covenant revenue hit $113.2. However, net income decreased 51% to $2.9 million from $5.9 million in the 1999 period

July 19, 2000

Driver Turnover Hurts Profits for USA Truck

Despite a 5.4% increase in revenue per mile and over 50% revenue growth, USA Truck Inc. recorded a 51.5% drop in net income for the second quarter of 2000

July 18, 2000

Higher Fuel Costs Hurt Swift

Swift Transportation Co., a truckload carrier in Phoenix, Ariz., posted second quarter 2000 profits of $16.6 million on revenues of $316 million versus profits of $17.5 million on $262.6 million second quarter 1999

July 18, 2000

Higher Rates Help J.B. Hunt Bottom Line

J.B. Hunt Transport Services’ second quarter earnings were positively impacted by higher consolidated revenue levels and truck rate increases (excluding fuel surcharges), the company said

July 18, 2000

Yellow Profits Up in Second Quarter

Yellow Corp. posted second quarter 2000 profits of $14.8 million, up from $13 million for the same period in 1999. Including a one-time after-tax gain at Yellow Freight, profits for the corporation were $23.5 million

July 18, 2000

Watkins Terminal Runs Into Resident Opposition

Watkins Motor Lines is hitting a roadblock in its plans to build a massive trucking terminal near US-27 and State Road 50 in south Lake County, Fla

July 17, 2000

Rocor Violated Leasing Regs, Judge Says

After being hit with two lawsuits filed by the Owner Operators Independent Drivers Association, Oklahoma City-based Rocor International has been found in violation of federal leasing regulations by an Oklahoma district court

July 17, 2000

CF Announces Rate Hike

Consolidated Freightways, an LTL and logistics company based in Menlo Park, Calif., has announced a general rate increase, which will be put into effect August 1. The increase will average 5.85 percent for all non-contractual customers

July 14, 2000

Yellow Freight Increases Rates

Yellow Freight System, Overland Park, Kan., has announced a general rate increase averaging 5.9 percent affective August 1 for customers not currently on contract rates

July 14, 2000

Landstar Posts Record 2nd Quarter Profits

Landstar System reported record net income of $11.3 million for second quarter 2000, excluding a one-time $3 million pre-tax charge for the relocation and restructuring of its Landstar Ligon division


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