January 28, 2000
Old Dominion Freight Line, High Point, NC, reported record earnings for the quarter ended Dec. 31, 1999. For the quarter, revenue from operations was $112.3 million, a 12.9 percent increase from $99.5 million for the fourth
Covenant Transport, Chattanooga, TN, has announced record revenue, earnings for the year ended Dec. 31, 1999. Revenue was up 28 percent to $472.7 million, compared to $370.5 million in 1998, while net income was $22.3 million,
Central Freight Lines president Joe Hall has retired and has been replaced in the interim by board member Ronald Moyes.
January 27, 2000
Professional Transportation Group., Marietta, GA, has reached an agreement to acquire selected assets of ATECH Commercial Corp.
USA Truck, Van Buren, AR, reported 1999 operating revenues of nearly $166.4 million, up 14.6 percent from $145.2 million in 1998. Net income decreased 17.7 percent to $8.6 million in 1999, compared with $10.5 million in 1998.
Yellow Corp., Overland Park, KS, reported net income for the fiscal year ended Dec. 31, 1999 of $50.9 million, up 27 percent over 1998 income of $40.1 million. Revenue for the year was $3.2 billion, up 11.2 percent from $2.9 billion in 1998
Roadway Express, Akron, OH, reported record revenues of $2.81 billion for the year ended Dec. 31, 1999, up 6 percent from $2.65 billion in 1998
Con-Way Central Express, Ann Arbor, MI, has opened a new freight service center covering the Charleston, WV, market. Located at 1100 River East Dr. in Belle, WV the facility will provide additional freight handling capacity and will also serve as a freight assembly center
in the Con-Way North American network.
New England Motor Freight expects to move its offices and shipping operations into a terminal building in the Harrisburg, PA, area early next year.
Heartland Express, Coralville, IA, reported 1999 fourth quarter of nearly $8.45 million, compared with $8.35 million in the fourth quarter of 1998.
Prime Inc. has opened its multi-million dollar Prime Associate Amenities Center at its Springfield terminal
Truckload reefer fleet C.R. England, Salt Lake City, has commissioned a one-of-a-kind truck to help in the fight against diabetes
American Freightways Corp., Harrison, AR, reported big jumps in revenue and earnings for the fourth quarter and all of last year.
January 21, 2000
Swift Transportation, Phoenix, reported record revenues, earnings and earnings per share for the fourth quarter and year ended Dec. 31, 1999
About 1,300 NationsWay employees owed nearly $5 million in unpaid wages have asked a federal court judge to convert the failed trucking company's bankruptcy case to Chapter 7 liquidation.
Operating revenues and earnings for the fourth quarter and year ended Dec. 31, 1999 were up for truckload carrier Werner Enterprises.
Overnite Transportation Co., Richmond, VA, reports net income for 1999 of $28.5 million on record revenue of $1.06 billion, compared to 1998 net income of $40.5 million, before accounting adjustments
Rollins Truck Leasing Corp. posted net profits of $14.8 million on revenues of $169.6 million for its first fiscal quarter 2000 which ended December 31
January 20, 2000
American Freightways Corp. plans to open 17 more customer centers in the North East by April, expanding coverage to the states of Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.
J.B. Hunt Logistics Inc., Lowell, AR, chose its first annual Carrier Conference to outline plans for a bidding system that would allow fleets to compete for loads.
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