July 31, 2014
Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
Trucking company and logistics parent Con-way Inc. has reported second-quarter net income of $53.7 million, or 93 cents per diluted share. This compares to second-quarter 2013 net income of $42.9 million, or 75 cents per diluted share.
July 30, 2014
The California Supreme Court issued a decision this week affirming the state’s labor and unemployment compensation laws are not preempted by federal statute, specifically the Federal Aviation Administration Authorization Act of 1994.
It totaled nearly $118.6 million compared to almost $111.9 while net revenue increased 10.2% to $521 million for the Minnesota-based company.
July 29, 2014
XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.
Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.
July 28, 2014
While there has been no official word from less-than-truckload carrier ABF Freight or its parent ArcBest Corp., it appears the company has plans for a move and expansion of one of its primary facilities.
The freight brokerage firm Total Quality Logistics has selected St. Louis to open its new office, giving it locations in 14 states.
Dry van truckload carrier P.A.M. Transportation Services has reported a sharp upturn in profit for the second quarter of the year despite a small drop in revenue.
Landstar System's newest facility for its owner-operators is expected to be the most-visited field location.
Freight transportation provider Schneider plans to double the size of its bulk intermodal trailer service to around 1,000 units throughout all of North American, including with new service into Canada and Mexico.
July 25, 2014
A federal judge, ending more than a decade of litigation, has approved a legal settlement between the Owner-Operator Independent Drivers Association and the trucking company C.R. England.
Canada’s largest trucking firm, TransForce, has offered to buy fellow top Canadian carrier Contrans for about CA$495 million in cash.
Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.
July 24, 2014
Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.
July 23, 2014
Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.
Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.
Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013.
July 22, 2014
Why is the government filing charges against parcel delivery and trucking giant FedEx? That is the key question said the investment firm Stifel in a note to investors following FedEx disclosing last week it had been indicted by the federal government for allegedly engaging in unlawful distribution of controlled substances.
Trucking company Heartland Express saw its second quarter net income increase 38.7% compared to the same time a year ago, while revenue skyrocketed 69.3% during the same time.
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