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Fleets

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February 10, 2014 - Industry News

IRS Going After Late HVUT Payments

A break the IRS gave to trucking over the filing of the heavy vehicle use tax more than two years ago is coming back to haunt some people.

Tags: IRS, Taxes, Fleets, Owner-Operators

February 7, 2014 - Industry News

FMCSA Yanks Two Drivers and Company from the Road

The Federal Motor Carrier Safety Administration has ordered two drivers and one trucking to seek life outside of the trucking industry following what it describes as some dangerous behavior behind the wheel.

Tags: FMCSA, Drivers, Regulations, Fleets, Safety & Compliance

February 6, 2014 - Industry News

C.H. Robinson to Focus Less on Truckload

Third party logistics provider and freight brokerage operation C. H. Robinson Worldwide says it plans to change its focus following its release of fourth quarter earnings.

Tags: 3PL, Intermodal, Fleets, Earnings, C.H. Robinson

February 6, 2014 - Industry News

Forward Air Completes Purchase of Central States

Photo: Evan Lockridge

Forward Air announced Thursday that it has compelted its planned acquisition of all of the stock of Central States Trucking and Central States Logistics from Central States Inc. following news that it was making the purchase last month for $95.6 million.

Tags: Fleets, Mergers & Acquisitions, Forward Air

February 6, 2014 - Industry News

P.A.M. Transportation Turns Quarterly Profit, More Than Doubles Annual Earnings

Truckload carrier P.A.M. Transportation Services has reported fourth quarter 2013 net income of $1.29 million or earnings per share of 15 cents and 2013 net income of $5.91 million or earnings per share of 68 cents.

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

February 6, 2014 - Industry News

ODFL Profit Jumps Nearly 20%

Less-than-truckload carrier Old Dominion Freight Line has released numbers showing revenue for the fourth quarter of 2013 increased 11% to $592.5 million from $533.8 million for the fourth quarter of 2012.

Tags: Old Dominion Freight Line, Fleets, Earnings

February 6, 2014 - Industry News

Con-way Fourth Quarter Income Flat

Trucking and logistics provider Con-way has reported 2013 fourth-quarter net income of $11.7 million or 20 cents per share, compared to a year ago performance of $11.8 million or 21 cents per share.

Tags: Fleets, Earnings, Con-Way

February 5, 2014 - Industry News

Former Prime Executive Found Dead

UPDATED -- A longtime executive with Missouri-based fleet Prime died on Tuesday, according to the website of the Springfield News-Leader.

Tags: Fleets, People, Prime Inc.

February 5, 2014 - Industry News

Heartland Profit Gains Following Gordon Trucking Purchase

Photo: Evan Lockridge

Trucking company Heartland Express posted double digit gains in profits for the final quarter of last year and for all of 2013, following its purchase of rival Gordon Trucking in November.

Tags: Fleets, Earnings, Heartland Express, Gordon Trucking

February 5, 2014 - Industry News

USA Truck And Knight Reach Settlement over Proposed Purchase

Truckload companies USA Truck and Knight Transportation have reached a settlement dismissing all claims between the two in connection with litigation arising from Knight’s previously announced proposal to acquire Arkansas-based USA Truck in a $242 million bid.

Tags: Fleets, USA Truck, Litigation, Mergers & Acquisitions, Knight Transportation

February 4, 2014 - Industry News

C.R. England Opens IdleAir Facility at Laredo, Texas, Terminal

C.R. England has opened a new IdleAir facility at its terminal at 8422 Amparan Road in Laredo, Texas. The 24-space IdleAir facility provides C.R. England drivers with in-cab services that provide heating and air conditioning, Internet connectivity, television, and 110-volt electrical, completely eliminating the need for idling.

Tags: C.R. England, Idle Reduction, IdleAir, Anti-Idling, Fleets

February 4, 2014 - Industry News

Schneider Increases Owner-Operator Compensation Rate

Schneider announced it is raising owner-operator pay rates in its bulk division. The contractual compensation increase is effective March 3; most owner-operators will earn an additional 10 1/2 cents per mile, both loaded and unloaded.

Tags: Schneider, Driver Pay, Tank Trailer, Bulk Tank, Fleets

February 4, 2014 - Industry News

Patriot Transportation Earnings Fall

The parent to liquid and dry bulk carrier Florida Rock and Tank lines reports earnings in the final three months of last year fell 25% from a year earlier, despite an increase in revenue.

Tags: Fleets, Earnings, Patriot Transportation

February 3, 2014 - Industry News

EEOC Sues NFI Industries for Gender-Based Wage Discrimination

The U.S. Equal Employment Opportunity Commission recently filed a lawsuit for gender-based wage discrimination lawsuit against NFI Road Rail and NFI Industries.

Tags: NFI, Fleets, Litigation, EEOC

February 3, 2014 - Industry News

XPO Prices Stock Offering at $25 Per Share

XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.

Tags: Fleets, XPO Logistics, Pacer International

February 3, 2014 - Industry News

YRC Worldwide Successfully Closes $300 Million Debt Reduction

Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide, YRC Freight

January 31, 2014 - Industry News

Saia, Celadon, Landstar Report Earnings

The average age of Celadon's company’s tractor fleet was 1.7 years as of December 2013 and the average age of the trailer fleet was 2.4 years. (Photo by Evan Lockridge)

Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.

Tags: Fleets, Earnings, Saia, Celadon, Landstar

January 31, 2014 - Industry News

YRC Worldwide Successfully Amends Credit Agreement

YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.

Tags: Fleets, Teamsters, YRC Worldwide

January 30, 2014 - Industry News

UPS 2013 Profit Leaps to $4.4 Billion

Trucking, parcel and logistics giant UPS increased profit in the final quarter of the year and for all of 2013.

Tags: UPS, Fleets, Earnings, UPS Freight

January 30, 2014 - Industry News

Arkansas Best Moves from Loss to Profit in 2013

The parent company to less-than-truckload carrier ABF Freight System and ground expedite fleet Panther Expedited Services reported a profit in the final quarter of 2013 after reporting a loss a year earlier.

Tags: Fleets, Earnings, Arkansas Best, Panther, ABF

January 29, 2014 - Industry News

Hub Group Quarterly Income Drops, Increases in 2013

Photo: Evan Lockridge

Hub Group has announced financial results showing income of $16.5 million for the fourth quarter of last year or earnings per share of 45 cents...

Tags: Fleets, Earnings, Hub Group

January 29, 2014 - Industry News

Spot Truck Freight Volume and Rates Drop

Click on graphic to enlarge.

After a strong start to the month, freight activity and rates on the spot truckload market tapered off during the week ending Jan. 25 compared to the previous seven days.

Tags: Fleets, Freight, Owner-Operators, Spot Freight, DAT Transcore

January 29, 2014 - Industry News

Knight Transportation Profit Jumps in Fourth Quarter and 2013

Photo: Evan Lockridge

Truckload carrier and logistics provider Knight Transportation announced Wednesday its fourth quarter 2013 profit increased 12.7% to $20.1 million or 25 cents per share, from $17.7 million or 22 cents per share a year earlier.

Tags: Fleets, Earnings, Knight Transportation

January 28, 2014 - Industry News

Werner Profit Slips for All of 2013

Photo: Evan Lockridge

Nebraska-based trucking and logistics company Werner Enterprises has reported a decline in net income for the fourth quarter and all of last year.

Tags: Werner Enterprises, Fleets, Earnings

January 28, 2014 - Industry News

Study: Plenty of Drivers and Enforcement Officers Still Don’t Understand CSA

Photo: Evan Lockridge

The American Transportation Research Institute has released a new white paper showing a majority of the nation’s truck drivers do not have an understanding of the Federal Motor Carrier Safety Administration’s Compliance Safety and Accountability program. CSA was rolled out nationally just over three years ago

Tags: FMCSA, Drivers, American Transportation Research Institute, CSA, ATRI, Fleets, Safety & Compliance, CVSA

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