May 13, 2015 - Industry News
Fikes Truck Line, Hope, Ark., is shutting its doors, with many of the flatbed company's employees being absorbed by Alabama-based Blair Logistics.
Tags: Fleets, Fikes Truck Line, Blair Logistics
May 7, 2015 - Industry News
The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.
Tags: Fleets, Earnings, Quality Distribution, Mergers & Acquisitions, Quality Carriers, Boasso America
May 6, 2015 - Industry News
According to the Florida-based company this was the result of an “intangible asset impairment charge” of just over $2 million, with an with an after tax impact to net income of $1.265 million, relating to its November 2013 purchase of Pipeline Transportation.
Tags: Fleets, Earnings, Patriot Transportation, Florida Rock & Tank Lines
The truckload and logistics services provider, Transport Corp. of America Inc., announced this week Scott Arves will be stepping down as president on June 1.
Tags: Fleets, People, Transport America
May 5, 2015 - Industry News
USA Truck turned its finances around in the first three months of the year, reporting a profitable first quarter for the first time since 2007.
Tags: Fleets, Earnings, USA Truck
May 4, 2015 - Industry News
Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.
Tags: Fleets, Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport
ArcBest Corp. on Monday announced it was back in the black during the first quarter for the first time in seven years, reporting first quarter net income of $700,000 or 3 cents per share.
Tags: Fleets, Earnings, Panther, ABF, ArcBest Corp.
April 30, 2015 - Industry News
Old Dominion Freight Line saw first quarter net income increase 36.3% from a year earlier, totaling $62.5 million, driven by expansion in its market share and a new record in first-quarter operating ratio for the LTL carrier.
Tags: Old Dominion Freight Line, Fleets, Earnings
April 29, 2015 - Industry News
Con-way Inc. on Wednesday announced first-quarter 2015 net income surged to $21.8 million, or 37 cents per diluted share, from $12.9 million, or 22 cents per diluted share a year earlier.
Tags: Con-way Freight, Fleets, Earnings, Con-way Truckload, Con-way Inc.
The mainly less-than-truckload carrier Saia Inc. saw its first quarter profit move higher, according to its earnings report released Wednesday.
Tags: Fleets, Earnings, Saia, LTL
April 28, 2015 - Industry News
Truckload carrier Celadon Group Inc., reported its profit in the first quarter of the year more than doubled from the same time a year ago.
Tags: Celadon Trucking Services, Fleets, Earnings
Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
Tags: Fleets, Earnings, UPS Freight, UPS, LTL
April 27, 2015 - Industry News
Swift Transportation Co. tripled its net income in the first quarter of the year, totaling $37.8 million, or diluted earnings per share of 26 cents, compared to $12.3 million, or 9 cents per share a year earlier.
Tags: Fleets, Earnings, Swift Transportation
April 24, 2015 - Industry News
The holding company for trucking companies Covenant Transport and others moved to a profit from a loss in the first quarter of the year.
Tags: Fleets, Earnings, Covenant Transportation Group
Landstar System reported record first quarter diluted earnings per share of 67 cents on record first quarter revenue of $762 million.
Tags: Fleets, Earnings, Landstar System
April 23, 2015 - Industry News
Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue.
Tags: Fleets, Earnings, Forward Air
April 22, 2015 - Industry News
Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.
Tags: Werner Enterprises, Fleets, Earnings
Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.
Tags: Fleets, Earnings, Knight Transportation
April 21, 2015 - Industry News
Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.
Tags: Fleets, Earnings, Mergers & Acquisitions, Echo Global Logistics
April 15, 2015 - Industry News
Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.
Tags: Fleets, Earnings, Marten Transport
April 14, 2015 - Industry News
J.B. Hunt Transport Services Inc. announced on Tuesday first quarter 2015 net earnings of $91.9 million, or diluted earnings of 78 cents per share, compared to first quarter 2014 net earnings of $68.7 million, or diluted earnings of 58 cents per share.
Tags: J.B. Hunt, Fleets, Earnings
April 7, 2015 - Global News
FedEx Corp. Tuesday announced it will buy European package company TNT Express for $4.8 billion, creating a strong third competitor in the European market.
Tags: Fleets, Global, TNT Express, Mergers & Acquisitions, FedEx
March 18, 2015 - Industry News
FedEx Corp. on Wednesday reported a 4% increase in revenue while profit jumped more than 50% in its most recent fiscal quarter.
Tags: Fleets, Earnings, FedEx, FedEx Freight, FedEx Ground, FedEx Express
March 10, 2015 - Industry News
Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc. combining two of the largest trucking companies moving freight to and from the nation’s airports.
Tags: Fleets, Mergers & Acquisitions, Forward Air
The trucking company PAM Transport Inc. has been ordered to pay 12 of its former truck drivers a total of $477,399 in a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission.
Tags: Truck Drivers, Fleets, Safety & Compliance, Litigation, EEOC, PAM Transport
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