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.
April 28, 2014
Kraft Foods is eliminating its nationwide private truck fleet, resulting in the elimination of around 285 jobs by the end of the year.
The trucking operation Atlas World Group plans to sign on 200 new owner-operators for its Direct Fleet by the end of the year.
A 41-year-old Mississippi woman, seriously injured when her pick-up truck rolled over, after it was rear-ended by an 18-wheel tractor-trailer driver on a Texas interstate highway in 2011, was awarded $4.1 million by a Dallas, Texas jury.
Georgia-based less-than-truckload carrier Saia reported a downturn in net income while total revenue increased in the first quarter compared to the same time in 2013.
Port truck drivers from four of Los Angeles’ leading drayage firms planned to go on a 48-hour strike at marine terminals at the Ports of Los Angeles and Long Beach, beginning Monday.
April 27, 2014
Details of the deal have not been released, although PGT expects to complete it by early May.
The National Transportation Safety Board has issued its preliminary report about the April 10 crash between a FedEx Freight truck and a bus in California killing 10.
April 24, 2014
Dry-van trucking company PAM Transportation Service has moved back into the black with the release of its first quarter financials.
The asset-light trucking and logistics provider Landstar System has reported record first quarter net income of $27.6 million, or 61 cents per diluted share, on record first quarter revenue of $688 million.
Parcel delivery and trucking giant UPS has reported a lower first quarter profit despite higher revenue, while another major less-than-truckload player hit a record.
The Teamsters Union has rolled over on the desires of some of its members, overriding earlier votes that continued to delay a new national contract with parcel carrier UPS.
April 23, 2014
Iowa-based truckload carrier Heartland Express has reported record operating revenue for the first quarter of the year, but its profit fell 28.4% from the same time a year ago.
April 22, 2014
Severe weather is being blamed for another downturn in profits by one of the nation’s largest trucking companies in the first quarter of the year.
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