May 1, 2014 - Industry News
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
Parcel delivery and trucking giant UPS has reported a lower first quarter profit despite higher revenue, while another major less-than-truckload player hit a record.
Tags: UPS, Old Dominion Freight Line, Fleets, Earnings, UPS Freight
The Teamsters Union has rolled over on the desires of some of its members, overriding earlier votes that continued to delay a new national contract with parcel carrier UPS.
Tags: Drivers, UPS, Fleets, Teamsters, UPS Freight, Labor Unions
April 23, 2014 - Industry News
Iowa-based truckload carrier Heartland Express has reported record operating revenue for the first quarter of the year, but its profit fell 28.4% from the same time a year ago.
Tags: Fleets, Earnings, Heartland Express, Gordon Trucking
April 22, 2014 - Industry News
Severe weather is being blamed for another downturn in profits by one of the nation’s largest trucking companies in the first quarter of the year.
Tags: Werner Enterprises, Fleets, Earnings
April 21, 2014 - Industry News
Trucking and logistics provider Forward Air increased revenue the first quarter of the year but income fell compared to the same time in 2013.
Tags: Fleets, Earnings, Forward Air
Marten Transport, a Wisconsin-based carrier, just announced a change to its automatic driver detention pay program, which will now compensate drivers after just one hour.
Tags: Marten Transport, Detention Pay, Drivers, Fleets
April 18, 2014 - Industry News
A Wyoming-based trucking company is facing possible fines of more than $1 million for illegally dumping saltwater on a road, while criminal charges have been filed against the driver.
Tags: Drivers, Regulations, North Dakota, Fleets, Crime, Wyoming
The tanker trucking company Kenan Transport will pay $27,000 to settle a pregnancy discrimination and retaliation lawsuit brought by the Equal Employment Opportunity Commission, the agency announced Thursday.
Tags: Fleets, Litigation, EEOC, Equal Employment Opportunity Commission, Kenan Advantage Group
April 17, 2014 - Industry News
The trucking operation Hub Group has reported a 22% drop in first quarter income compared to the same time last year while revenue increased 10%.
Tags: Fleets, Earnings, Hub Group
The private equity firm Warburg Pincus had reached an agreement to acquire the fuel card and fleets payment services provider Electronic Funds Source.
Tags: Fuel Management, Fleets, Mergers & Acquisitions, EFS
An operations manager for California household good mover has been sentenced to 18 months in prison for participating in a “low ball estimate” scheme, as part of a more than 10-year federal investigation.
Tags: FMCSA, Florida, California, Office of Inspector General, Crime & Fraud, Fleets, Household Goods Movers
April 16, 2014 - Industry News
A trucking company has filed a lawsuit against the Illinois Department of Revenue over it disallowing the states rolling stock sales tax exemption on one of its pieces of equipment.
Tags: Taxes, Illinois, Fleets, Litigation
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