July 26, 2013
More carriers have reported second quarter financial results, with both Covenant Transport and Universal Truckload showing a decline in profit, Pacer showing a slighter bigger one, and Saia and P.A.M. showing increases in both profit and revenue.
July 25, 2013
The multi-service trucking provider Swift Transportation saw an increase in both earnings and revenue during the second quarter of the year. The Arizona-based operation posted a profit of $42.9 million compared to $33.7 million from the same time a year ago.
Asset-light trucking company Landstar System has reported a second quarter downturn in profit and business but expects a pickup in the current quarter.
Less-than-truckload carrier Old Dominion Freight Line has reported a big boost in profit and business for the second quarter of the year as well as the first half of 2013.
The Teamsters Union and UPS Freight have agreed to an extension of the current UPS Freight National Agreement in order to give the parties time to continue negotiations. This means that the current agreement will remain in place until the agreement has been revoted and accepted by the members.
July 23, 2013
Parcel and freight transport giant UPS has reported a slight drop in its second quarter profit, falling from $1.79 billion in 2012 to $1.74 billion for the most recent quarter.
Werner Enterprises saw its total revenue fall 3% to $506.6 million in the second quarter compared to last year, while net income dropped 16% to $25.8 million. A cold, wet April was the primary culprit.
July 22, 2013
Two carriers serving the less-than-truckload markets have announced general rate hikes.
Iowa-based truckload carrier Heartland Express announced financial results for the second quarter of the year, showing net income increased $0.9 million to $19.1 million compared to $18.2 million in the 2012 period, a 5% increase.
July 17, 2013
Wisconsin-based temperature-controlled trucking company Marten Transport reported an increase in net income to $7.7 million, for the second quarter ended June 30, compared to $7.6 million from the same time last year.
July 15, 2013
Temperature-controlled truckload and less-than-truckload carrier Frozen Food Express has reached an agreement to be acquired by Duff Brothers Capital. Duff Brothers will purchases all outstanding shares of FFE common stock for approximately $38.2 billion.
J.B. Hunt Transport announced second quarter financials, showing better performance from the same time a year ago, driven by growth in its intermodal, dedicated and logistics operations.
Connecticut-based XPO Logistics has entered into an agreement to acquire 3PD in a transaction valued at approximately $365 million.
July 11, 2013
Many carriers still not seeing adequate rates of return, nor any relief in their ability to renegotiate accessorial charges, according to the 2nd quarter industry survey by Transport Capital Partners.
June 26, 2013
UPS employees represented by the Teamsters Union have voted to approve a new contract at the company’s parcel operation while those with UPS Freight have voted against a new agreement.
June 24, 2013
Plains Trucking, Ross, N.D.. has been cited by the U.S. Department of Labor's Occupational Safety and Health Administration for nine safety violations after a worker was fatally injured March 27 while cleaning the inside of a crude oil tanker that exploded at the company's facility in Ross.
June 17, 2013
The increased rate provides for a nominal increase in intrastate, interstate and cross-border lane charges. The new rate will also offset the rising costs of new equipment and insurance, while preserving competitive wages and benefits for employees.
Since 2011, the company says it has grown to over 100 trucks and 140 trailers and sales have increased 427%.
June 14, 2013
The asset-light transportation and logistics service provider Roadrunner Transportation Systems is opening service centers in Kansas City, Mo., and Buffalo, N.Y.
June 13, 2013
Two officials with Ohio-based Dart Trucking have been found guilty of bank fraud charges related to a $3.6 million check-kiting scheme.
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