May 9, 2014
Plaintiffs in the latest class-action lawsuit allege Caterpillar hid details of defects and performance issues from customers that the engine maker knew about.
Royal Jones was an 18-year-old truck driver when he founded a trucking company in 1981 with truck mechanic Jimmy Ray. The two, who also were race car drivers, Webb said, "were early on obsessed with aerodynamics and fuel efficiency."
May 8, 2014
A trucking company involved in dry bulk hauling in the Midwest has bought up one its main competitors, according to published reports.
Patriot Transportation Holding on Wednesday said it plans to separate its transportation business, the trucking company Florida Rock & Tank Lines, from its real estate businesses.
USA Truck released a statement about the hedge funds Baker Street Capital and Stone House Capital now holding a joint 28% interest in the company.
May 7, 2014
Online sellers facing the daunting task of shipping oversized and palletized shipments now have a new option due to a new partnership between online freight marketplace uShip and the web-based e-commerce shipping service ShipStation.
Omega Integrated Logistics Group, Mount Holly, N.C., announced what it says is the largest sign-on bonus in the trucking industry. We learn more about the fine print.
May 5, 2014
Members of the National Tank Truck Carriers have elected Dean Kaplan as the organization’s new chairman at the association’s recent annual meeting in Las Vegas on April 28.
The acquisition folds LTG, including its third-party logistics model and its online, less-than-truckload services for the retail store openings, mining, high-tech plant movement, gas and oil, and the energy industry into Roar's operations.
Most company tanker drivers will earn an additional 8% to 10% per mile, both loaded and unloaded, for an average increase of $4,000 per year.
The parent to trucking companies Quality Carriers and Boasso America saw its first quarter income drop by 66%.
The hike by three percentage points will be effective June 2, while FedEx Ground will begin applying dimensional weight pricing to all shipments, effective January 1, 2015.
May 2, 2014
A Teamsters Union proposal that it says addresses trucking company Swift Transportation’s “dual class stock structure” is getting a boost from the country’s largest proxy voting advisory firm.
May 1, 2014
The trucking operation, Arkansas Best, just renamed ArcBest, has reported a first quarter net loss of $2.9 million, or 11 cents per share, compared to a first quarter 2013 net loss of $13.4 million, or 52 cents per share.
The Arizona-based company reported net income of $12.3 million, or nine cents per diluted share, compared to first quarter 2013 profit of $30.3 million, or 21 cents per diluted share.
The Canadian owner of various trucking operations has announced one of its leaders will soon be leaving.
Trucking company parent Con-way Inc. has reported 2014 first quarter net income of $12.9 million, or 22 cents per diluted share, compared to first quarter 2013 net income of $14 million, or 25 cents per diluted share, a 7.9% decline.
The parent company to the carrier YRC Freight and others moved to a bigger loss in the first quarter of the year.
April 30, 2014
The trucking and logistics provider, Celadon Group, reports revenue for the quarter ending March 31 increased 29.1% to $193.2 million from $149.6 million in the March 2013 quarter.
Arkansas-based truckload carrier and logistics provider, USA Truck, cut its net loss from $2.5 million in the first quarter of last year to $1.6 million in the first quarter of this year. This resulted in a diluted loss per share of 15 cents compared to 24 cents during the same time frame.
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