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July 29, 2014 - Industry News

XPO Logistics Posts Smaller Loss, Purchases New Breed Logistics

XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.

Tags: Fleets, Logistics, Mergers & Acquisitions, XPO Logistics

July 29, 2014 - Industry News

UPS Net Profit Tumbles, Expectations Lowered

Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.

Tags: UPS, Fleets, Earnings, UPS Freight

July 28, 2014 - Industry News

ABF Reportedly Considering Move to Memphis, Expansion

Photo courtesy ABF.

While there has been no official word from less-than-truckload carrier ABF Freight or its parent ArcBest Corp., it appears the company has plans for a move and expansion of one of its primary facilities.

Tags: Tennessee, Arkansas, Fleets, ABF, ArcBest Corp., LTL

July 28, 2014 - Industry News

Total Quality Logistics Expanding with St. Louis Office

The freight brokerage firm Total Quality Logistics has selected St. Louis to open its new office, giving it locations in 14 states.

Tags: Missouri, Fleets, Logistics, Total Quality Logistics

July 28, 2014 - Industry News

P.A.M Second Quarter Profit Jumps More Than 80%

Dry van truckload carrier P.A.M. Transportation Services has reported a sharp upturn in profit for the second quarter of the year despite a small drop in revenue.

Tags: Fleets, Earnings, P.A.M. Transportation

July 28, 2014 - Industry News

Landstar Opens Facility in Texas

Photo of the ribbon-cutting ceremony at Landstar's facility in Dallas-Ft. Worth metroplex. Photo courtesy of Landstar.

Landstar System's newest facility for its owner-operators is expected to be the most-visited field location.

Tags: Fleets, Landstar System, Driver Training, Owner-Operators

July 28, 2014 - Industry News

Schneider Doubling Size of Bulk Intermodal Trailer Service

Freight transportation provider Schneider plans to double the size of its bulk intermodal trailer service to around 1,000 units throughout all of North American, including with new service into Canada and Mexico.

Tags: Intermodal, Fleets, Schneider, Schneider National

July 25, 2014 - Industry News

Judge Approves $3 Million Settlement in OOIDA, C.R. England Case

A federal judge, ending more than a decade of litigation, has approved a legal settlement between the Owner-Operator Independent Drivers Association and the trucking company C.R. England.

Tags: Drivers, C.R. England, OOIDA, Fleets, Litigation, Independent Contractors

July 25, 2014 - Industry News

Canadian Trucking Giant TransForce Bids to Buy Rival Contrans

Canada’s largest trucking firm, TransForce, has offered to buy fellow top Canadian carrier Contrans for about CA$495 million in cash.

Tags: Canada, Fleets, Mergers & Acquisitions, TransForce

July 25, 2014 - Industry News

Swift Transportation Profit Falls in Second Quarter

Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.

Tags: Fleets, Earnings, Swift Transportation

July 24, 2014 - Industry News

Covenant Profit Doubles During Second Quarter

Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.

Tags: Covenant Transport, Fleets, Earnings

July 23, 2014 - Industry News

Knight Transportation Profit Gains 36%, New Business Unit Formed

Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.

Tags: Fleets, Earnings, Knight Transportation

July 23, 2014 - Industry News

Landstar Posts Record Second Quarter Profit, Revenue

Photo: Evan Lockridge

Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.

Tags: Fleets, Earnings, Landstar

July 23, 2014 - Industry News

Forward Air Profit Increases 24.6% in Second Quarter

Photo: Evan Lockridge

Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013.

Tags: Fleets, Earnings, Forward Air

July 22, 2014 - Industry News

Analyst Questions Filing Charges Against FedEx Over Drug Shipments

Photo via FedEx Facebook page

Why is the government filing charges against parcel delivery and trucking giant FedEx? That is the key question said the investment firm Stifel in a note to investors following FedEx disclosing last week it had been indicted by the federal government for allegedly engaging in unlawful distribution of controlled substances.

Tags: Law Enforcement, Crime & Fraud, Fleets, FedEx

July 22, 2014 - Industry News

Heartland Second Quarter Profit Moves 38.7% Higher

Photo: Evan Lockridge

Trucking company Heartland Express saw its second quarter net income increase 38.7% compared to the same time a year ago, while revenue skyrocketed 69.3% during the same time.

Tags: Fleets, Earnings, Heartland Express, Gordon Trucking

July 21, 2014 - Industry News

Roadrunner Purchases Indiana-Based Logistics Provider

Asset-light trucking and logistics provider, Roadrunner Transportation Systems, has acquired Integrated Services, ISI Logistics and ISI Logistics South for $13 million.

Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions

July 21, 2014 - Industry News

Werner Second Quarter Profit Dips Slightly

Photo: Evan Lockridge

Trucking and logistics company Werner Enterprises saw its profit slip in the second quarter of the year despite increased revenue.

Tags: Werner Enterprises, Fleets, Earnings

July 18, 2014 - Industry News

Werner Enterprises Investing in Chinese Carrier

Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.

Tags: International, Werner Enterprises, Fleets, Mergers & Acquisitions

July 16, 2014 - Industry News

Maverick Makes Changes to Driver Compensation Plan

Maverick Transportation has recently announced several changes to their driver pay scale, including substantial mileage pay increases, which will impact all incoming drivers no matter their experience.

Tags: Driver Pay, Maverick Transportation, Fleets, Drivers

July 15, 2014 - Industry News

Marten Transport Profit Moves Slightly Higher

Primarily refrigerated freight hauler Marten Transport on Tuesday reported an increase in net income to $7.9 million, or 24 cents per diluted share, in the second quarter of the year.

Tags: Marten Transport, Fleets, Earnings

July 15, 2014 - Industry News

J.B. Hunt Second Quarter Profit Increases, Cuts Some Expectations

Photo by Dang Apricot via Wikimedai Commons

J.B. Hunt Transport Services announced Tuesday second quarter 2014 net earnings of $93.4 million, or diluted earnings per share of 79 cents, compared to second quarter 2013 net earnings of $87.7 million, or 73 cents per diluted share, a 6.5% increase.

Tags: J.B. Hunt, Fleets, Earnings

July 14, 2014 - Industry News

Holt Logistics Partners to Develop New Marine Terminal in New Jersey

The planned 190-acre facility will be the first new multi-purpose marine terminal to be constructed on the Delaware River in over 30 years.

Tags: New Jersey, Intermodal, Fleets, Logistics

July 14, 2014 - Industry News

Port Truckers End Strike After Five Days

Photo: Justice for Port Truck Drivers

After a five-day unfair labor practice strike at the Ports of Los Angeles and Long Beach, striking port truck drivers voted unanimously to agree to a “cooling off” period late Friday after it was requested by L.A. Mayor Eric Garcetti.

Tags: Drivers, Port of Los Angeles, California, Port of Long Beach, Fleets, Ports, Port Trucking, Labor Unions, Teamsters

July 11, 2014 - Industry News

CarrierDirect Gives Outlook for Domestic Transport and Logistics

Graph courtesy of CarrierDirect.

Consulting firm CarrierDirect discussed the current state of the trucking industry, as well as what's on the horizon for the rest of 2014 and beyond.

Tags: Fleet Management, CarrierDirect, Logistics, Fleets

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