May 8, 2014 - Industry News
USA Truck released a statement about the hedge funds Baker Street Capital and Stone House Capital now holding a joint 28% interest in the company.
Tags: USA Truck, Mergers & Acquisitions, Fleets
May 7, 2014 - Industry News
Online sellers facing the daunting task of shipping oversized and palletized shipments now have a new option due to a new partnership between online freight marketplace uShip and the web-based e-commerce shipping service ShipStation.
Tags: LTL, uShip, Fleets
Omega Integrated Logistics Group, Mount Holly, N.C., announced what it says is the largest sign-on bonus in the trucking industry. We learn more about the fine print.
Tags: Fleets, Owner-Operators, Driver Pay
May 5, 2014 - Industry News
Members of the National Tank Truck Carriers have elected Dean Kaplan as the organization’s new chairman at the association’s recent annual meeting in Las Vegas on April 28.
Tags: National Tank Truck Carriers, Fleets, People, NTTC
The acquisition folds LTG, including its third-party logistics model and its online, less-than-truckload services for the retail store openings, mining, high-tech plant movement, gas and oil, and the energy industry into Roar's operations.
Tags: Fleets, Mergers & Acquisitions, Roar Logistics
Most company tanker drivers will earn an additional 8% to 10% per mile, both loaded and unloaded, for an average increase of $4,000 per year.
Tags: Fleets, Schneider, Tankers, Schneider National, Driver Pay
The parent to trucking companies Quality Carriers and Boasso America saw its first quarter income drop by 66%.
Tags: Fleets, Earnings, Quality Distribution
The hike by three percentage points will be effective June 2, while FedEx Ground will begin applying dimensional weight pricing to all shipments, effective January 1, 2015.
Tags: Fleets, FedEx, FedEx Freight, FedEx Ground, Fuel Surcharge
May 2, 2014 - Industry News
A Teamsters Union proposal that it says addresses trucking company Swift Transportation’s “dual class stock structure” is getting a boost from the country’s largest proxy voting advisory firm.
Tags: Fleets, Teamsters, Swift Transportation, Central Refrigerated Transportation, Labor Unions
May 1, 2014 - Industry News
The trucking operation, Arkansas Best, just renamed ArcBest, has reported a first quarter net loss of $2.9 million, or 11 cents per share, compared to a first quarter 2013 net loss of $13.4 million, or 52 cents per share.
Tags: Fleets, Earnings, Arkansas Best, Panther, ABF, ArcBest Corp.
The Arizona-based company reported net income of $12.3 million, or nine cents per diluted share, compared to first quarter 2013 profit of $30.3 million, or 21 cents per diluted share.
Tags: Fleets, Earnings, Swift Transportation
The Canadian owner of various trucking operations has announced one of its leaders will soon be leaving.
Tags: Fleets, People, Mullen Trucking
Trucking company parent Con-way Inc. has reported 2014 first quarter net income of $12.9 million, or 22 cents per diluted share, compared to first quarter 2013 net income of $14 million, or 25 cents per diluted share, a 7.9% decline.
Tags: Con-way Freight, Fleets, Earnings, Con-way Truckload, Con-way Inc.
The parent company to the carrier YRC Freight and others moved to a bigger loss in the first quarter of the year.
Tags: Fleets, Earnings, Teamsters, YRC Worldwide, YRC Freight
April 30, 2014 - Industry News
The trucking and logistics provider, Celadon Group, reports revenue for the quarter ending March 31 increased 29.1% to $193.2 million from $149.6 million in the March 2013 quarter.
Tags: Celadon Group, Fleets, Celadon, Earnings
Arkansas-based truckload carrier and logistics provider, USA Truck, cut its net loss from $2.5 million in the first quarter of last year to $1.6 million in the first quarter of this year. This resulted in a diluted loss per share of 15 cents compared to 24 cents during the same time frame.
Tags: Covenant Transport, Fleets, Earnings, USA Truck
April 28, 2014 - Industry News
Kraft Foods is eliminating its nationwide private truck fleet, resulting in the elimination of around 285 jobs by the end of the year.
Tags: Private Fleets, Fleets, Kraft
The trucking operation Atlas World Group plans to sign on 200 new owner-operators for its Direct Fleet by the end of the year.
Tags: Atlas Van Lines, Fleets, Owner-Operators
A 41-year-old Mississippi woman, seriously injured when her pick-up truck rolled over, after it was rear-ended by an 18-wheel tractor-trailer driver on a Texas interstate highway in 2011, was awarded $4.1 million by a Dallas, Texas jury.
Tags: Accidents, drivers, Safety, Texas, Fleets, Litigation, I-20, Interstate 20, R&L Carriers
Georgia-based less-than-truckload carrier Saia reported a downturn in net income while total revenue increased in the first quarter compared to the same time in 2013.
Tags: Fleets, Earnings, Saia
Port truck drivers from four of Los Angeles’ leading drayage firms planned to go on a 48-hour strike at marine terminals at the Ports of Los Angeles and Long Beach, beginning Monday.
Tags: drivers, Port of Los Angeles, Port of Long Beach, Intermodal, Fleets, Ports, Owner-Operators, Teamsters, Labor Unions, Independent Contractors
April 27, 2014 - Industry News
Details of the deal have not been released, although PGT expects to complete it by early May.
Tags: Fleets, Mergers & Acquisitions, PGT Trucking
The National Transportation Safety Board has issued its preliminary report about the April 10 crash between a FedEx Freight truck and a bus in California killing 10.
Tags: Accidents, California, Investigation, NTSB, Fleets, I-5, Interstate 5, FedEx
April 24, 2014 - Industry News
Dry-van trucking company PAM Transportation Service has moved back into the black with the release of its first quarter financials.
Tags: Fleets, Earnings, PAM Transport
The asset-light trucking and logistics provider Landstar System has reported record first quarter net income of $27.6 million, or 61 cents per diluted share, on record first quarter revenue of $688 million.
Tags: Fleets, Earnings, Landstar
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