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April 24, 2015 - Industry News

Covenant Transport Turns Finances Around

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

April 24, 2015 - Industry News

Landstar Reports Record Revenue, Earnings

Photo by Evan Lockridge

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

Acquisition Costs Cut Into Forward Air Income

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 Improves Income 61% in First Quarter

Photo by Evan Lockridge

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

April 22, 2015 - Industry News

Knight Transportation Quarterly Profit Jumps 55.1%

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 Buys Command Transportation for $420 Million

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

Profit Nearly Doubles for Marten Transport

Photo by Evan Lockridge.

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 Reports Nearly $92 Million Profit

Photo: DangApricot via WIkimedia Commons

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 to Buy Dutch Parcel Carrier TNT Express

Photo: TNT Express

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 Profit Leaps More Than 50%

Photo: FedEx Corp.

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 Completes CLP Towne Purchase

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

March 10, 2015 - Industry News

Carrier Ordered to Pay Nearly Half a Million Dollars to 12 Former Drivers

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

March 3, 2015 - Industry News

C.R. England Offers Additional Driver Trainer Bonus

File photo: C.R. England

C.R. England is offering bonuses to all company and independent contractor driver trainers for apprentices who are successfully trained and upgraded. A pay increase was also announced for a large percentage of drivers in C.R. England’s regional fleets.

Tags: Driver Training, C.R. England, Driver Pay, Fleets

February 25, 2015 - Industry News

Quality Distribution Sees a Return to Profits

The bulk chemical transportation provider Quality Distribution Inc moved from being in the red to the black in the fourth quarter of last year and for all of 2014.

Tags: Fleets, Earnings, Quality Distribution, Quality Carriers, Boasso America

February 23, 2015 - Industry News

FTC Looks to Stop Merger Combining Two of Nation’s Largest Private Fleets

Photo: Deborah Lockridge

The Federal Trade Commission has filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for foodservice distribution services.

Tags: Fleets, Mergers & Acquisitions, Private Fleets, Sysco, US Foods

February 20, 2015 - Industry News

Universal Truckload Services Profit Slips

The logistics and customized freight transportation provider Universal Truckload Services Inc. has reported earnings showing profits declined slightly in the final quarter of last year and for all of 2014.

Tags: Fleets, Earnings, Universal Truckload

February 18, 2015 - Industry News

XPO Logistics Trims Quarterly Losses

XPO Logistics released financial numbers on Wednesday showing a net loss of $9.9 million for the fourth quarter of 2014, compared with a net loss of $10.6 million for the same period in 2013.

Tags: Fleets, Earnings, XPO Logistics

February 18, 2015 - Industry News

Neptune Orient Sells APL Logistics for $1.2 Billion

Photo: APL Logistics

Singapore’s global container shipping and logistics company Neptune Orient Lines Ltd. has reached an agreement to sell its APL Logistics business for $1.2 billion.

Tags: Fleets, Mergers & Acquisitions, Port Trucking, Intermodal

February 18, 2015 - Industry News

FMCSA Orders Small Carrier Shut Down Due to Safety Violations

The Federal Motor Carrier Safety Administration declared a small Aurora, Colorado-based trucking company to be an imminent hazard to public safety and ordered it immediately shut down on Feb. 12, according to a news release issued Wednesday.

Tags: FMCSA, Colorado, Fleets, Safety & Compliance

February 16, 2015 - Industry News

Radiant Logistics Grows Quarterly Profit

Non-asset based trucking and logistics provider Radiant Logistics Inc. managed to triple its net income during the most recent quarter, but it was still just barely in the black.

Tags: Fleets, Earnings, Radiant Logistics

February 13, 2015 - Industry News

The TMC Annual Meeting Kicks off on President’s Day

Booths at the 2014 TMC Annual Meeting.

The American Trucking Association’s Technology and Maintenance Council is holding its Annual Meeting from Feb. 16-19 at the Music City Center in Nashville. This year’s event will be themed “Fueling the Future.”

Tags: ATA, Events, TMC, Alternative Fuels, Fleets

February 12, 2015 - Industry News

Parcel Carrier LSO Purchases Express Courier International

Regional parcel carrier LSO, has announced the acquisition of Express Courier International, a same-day carrier in the southeast and mid-south region, to form what it describes as “a super-regional parcel carrier.”

Tags: Fleets, Mergers & Acquisitions

February 11, 2015 - Industry News

Forward Air Shows Slight Increase in Profits

Photo: Evan Lockridge

The time-definite trucking and logistics services provider Forward Air Corp. has released figures showing a modest increases in earnings.

Tags: Fleets, Earnings, Forward Air

February 11, 2015 - Industry News

USA Truck Reports First Full-Year Profit After Five Years of Losses

USA Truck Inc. on Wednesday reported net income of $6.03 million for 2014, its first annual profit following five straight years of losses.

Tags: Fleets, Earnings, USA Truck

February 11, 2015 - Industry News

Saia Fined $119,000 Over Trucking Terminal Explosion

The trucking company Saia Motor Freight Line has been fined by the U.S. Department of Labor's Occupational Safety and Health Administration following an investigation regarding an explosion at one of its terminals last August, injuring four employees.

Tags: Regulations, OSHA, Fleets, Safety & Compliance, Saia

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