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Fleets

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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

January 28, 2014 - Industry News

Missouri DOT Launches “Freight Plan”

The Missouri Department of Transportation has launched the Missouri Freight Plan, the next step in a process started last year to develop the state's long-range transportation plan.

Tags: Infrastructure, Missouri, Fleets, Highways, Freight

January 28, 2014 - Industry News

Dealer-Fleet Cooperation, Driver Shortage are Vital Issues, ATA Chairman Says

Truck dealers and fleet managers need to work together to smooth maintenance on complex trucks so the industry can continue to grow, Philip Byrd, 2014 chairman of the American Trucking Associations, told an audience at the American Truck Dealers’ annual convention in New Orleans on Sunday.

Tags: American Truck Dealers, American Trucking Associations, Drivers, Maintenance, Dealers, Fleets, ATA

January 27, 2014 - Industry News

XPO Announces Stock Sale, Reveals Preliminary Earnings Report

XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.

Tags: Fleets, Earnings, Mergers & Acquisitions, XPO Logistics, Pacer International

January 27, 2014 - Industry News

Covenant Net Income Doubles in Final Quarter of 2013

The parent to several freight transportation providers, including Covenant Transport, has released numbers showing net income doubled in the final quarter of the year, but there was a slight decline for all of 2013.

Tags: Covenant Transport, Fleets, Earnings

January 27, 2014 - Industry News

Swift Transportation Income Up for 2013, Falls in Fourth Quarter

Photo: Evan Lockridge

Trucking company Swift Transportation reported a drop in earnings for the final quarter of 2013 but an increase for all of last year.

Tags: Fleets, Earnings, Swift Transportation, Fleet Financials

January 27, 2014 - Industry News

Study Identifies Trends in Freight Charges for Shippers

The third party logistics provider Transplace has released the results of its annual benchmarking study that includes data from more than 150 shippers, representing more than $12 billion dollars in annual freight spending.

Tags: Transplace, Fleets, Owner-Operators, Shippers, Freight Rates

January 27, 2014 - Industry News

Trucking Company Owner Sentenced, Ordered to Pay Restitution to Truckers

The owner, operator, and president of East, St. Louis, Ill.-based Clark Trucking and Excavation was sentenced to 33 months in prison late last week.

Tags: Drivers, Missouri, Fleets, Fraud, Crime

January 26, 2014 - Industry News

YRC Teamster Members Say Yes to Contract Extension

YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.

Tags: Teamsters, YRC Worldwide, Fleets

January 23, 2014 - Industry News

Forward Air Purchases Central States Trucking

Photo: Evan Lockridge

The parent to a ground transportation provider in the air cargo industry, Forward Air Corporation, has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, from Central States Inc.

Tags: Drivers, Fleets, Mergers & Acquisitions, Forward Air

January 23, 2014 - Industry News

Audit Says New York DOT Not Doing Enough About Truck Safety

Photo: Evan Lockridge

The New York state Department of Transportation is not adequately monitoring whether commercial carriers whose vehicles or drivers have been taken off the road because of violations are making needed repairs or corrections, potentially putting the public at risk, according to a new audit released by New York’s comptroller.

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

January 23, 2014 - Industry News

Odyssey Logistics Purchases Two Companies

Supply chain logistics service provider Odyssey Logistics & Technology Corporation, based in Conn., has purchased both CMI Freight-Trans and Steel Wheel Transfer, 25 year-old companies headquartered in Orland Park, Ill.

Tags: Fleets, Mergers & Acquisitions, Odyssey Logistics

January 23, 2014 - Industry News

J.B Hunt Profit Hits Quarterly and Yearly Highs

Freight transportation services provider J.B. Hunt Transport services has reported hitting record financial numbers for the final quarter of last year as well for all of 2013.

Tags: J.B. Hunt, Fleets, Earnings

January 22, 2014 - Industry News

YRC Teamsters Revote Set for This Weekend

Leaders from Teamster local unions representing workers at trucking giant YRC Worldwide, have overwhelmingly recommended approval of a revised tentative labor contract members will vote on this coming Saturday and Sunday.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide

January 22, 2014 - Industry News

Marten Transport Reports Record Annual Income

Photo: Evan Lockridge

Refrigerated trucking company Marten Transport has reported the highest net income for any year in its history.

Tags: Fleets, Earnings, Marten Transport

January 21, 2014 - Industry News

Settlement Reached in Long-Running Truckstop Battle Against Comdata

A $130 million legal settlement has been reached for a class of more than 4,000 independent truckstops and other retail fueling merchants following an antitrust lawsuit filed in 2007 against fleet payment card issuer Comdata and three national truckstop chains.

Tags: Comdata, Fleets, Truckstops, Litigation, Fuel and Oil

January 21, 2014 - Industry News

Knight Transportation Projecting Bigger Profits

Photo: Evan Lockridge

Trucking company Knight Transportation has upwardly revised estimates of its financial performance, ahead of releasing full numbers later this month

Tags: Fleets, Earnings, Knight Transportation

January 21, 2014 - Industry News

Federal Suit Alleges Fraud by Mover Over Military Shipments

One household goods mover and an affiliate have allegedly swindled millions of dollars from the federal government by submitting false claims about relocating military personnel, according to a recently disclosed lawsuit.

Tags: Fleets, Fraud, Investigation

January 21, 2014 - Industry News

New FMCSA Rule Targets Willful Violators

The Federal Motor Carrier Safety Administration’s newest enforcement tool is a shutdown order for carriers that flagrantly disregard the safety rules. Under a final rule to be posted this week, the agency can suspend or revoke the authority of willful repeat violators, and impose civil or criminal penalties.

Tags: FMCSA, ATA, OOIDA, MAP-21, Regulations, Fleets, Drivers, GAO, Werner Enterprises, FedEx, Congress

January 21, 2014 - Industry News

UPS Expecting Lower Profits

Parcel and trucking company UPS has offered a glimpse of its fourth quarter and 2013 earnings ahead of releasing its full report on Jan. 30.

Tags: UPS, Fleets, Earnings

January 17, 2014 - Industry News

Teamsters and YRC Reach New Tentative Agreement Following Failed Vote

The Teamsters Union and YRC Worldwide announced Friday they reached a tentative agreement on a new labor contract, providing a pathway for substantial debt reduction and refinancing initiatives for the parent of several trucking operations.

Tags: Fleets, Teamsters, YRC Worldwide, LTL

January 17, 2014 - Industry News

FMCSA Readies Sanctions Against Repeat Violators

The Federal Motor Carrier Safety Administration will publish a rule next week containing tough new sanctions against carriers that disregard safety rules.

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

January 17, 2014 - Industry News

Conway Expects Little Improvement in 4th Quarter Earnings

Trucking and logistics parent company, Con-way Inc. has released guidance ahead of posting fourth quarter earnings, with the expectation they will be around what they were the same time a year ago, 21 cents per share.

Tags: Fleets, Earnings, Con-Way

January 16, 2014 - Industry News

Nearly $2 Million in Pension Benefits Returned to 515 Truckers

An investigation by the U.S. Department of Labor's Wage and Hour Division resulted in the restoration of $1,979,779 in 401(k) pension benefits to 515 drivers working on U.S. Postal Service contracts for California-based Lange Trucking.

Tags: Drivers, California, Department of Labor, Fleets

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