February 2, 2000 - Industry News
A big increase in non-package revenue helped push United Parcel Service fourth-quarter financials into record territory.
Kenan Transport, Chapel Hill, NC, announced 1999 fourth-quarter revenues of nearly $38.3 million, up from $33.4 million for the same period in 1998. Revenue for the year was nearly $141.6 million, up from $130.1 million in 1998, while net income was nearly $4.7 million, down from $5.2 million the previous year.
Ryder System Inc. reported a 7.5% rise in revenues for 1999 and a 9.5% increase in the fourth quarter.
February 1, 2000 - Industry News
OTR Express, Olathe, KS, attributes its net loss for the fourth quarter of 1999 and the first quarter of 2000 to a rapid increase in fuel costs in recent months.
January 31, 2000 - Industry News
HD America, St. Louis, has added 17 new heavy duty parts distributors to its distribution network. The distributors will offer HD America’s 250 product lines from 180 manufacturers to HDA’s national and regional fleet customers, as well as to their own local customers.
January 30, 2000 - Industry News
"Crisis Planing" was the title of the assignment that Dawn Capalbo had just finished as part of her curriculum at Monmouth University. After 15 years as co-owner of I.F.S. Air Freight, she was well aware of
January 29, 2000 - Industry News
M.S. Carriers, Memphis, TN, reported an increase in revenue and income in the fourth quarter and 12 months ended Dec. 31, 1999. Revenues for the fourth quarter were $163.3 million, up 16% from $140.5 million in the same period in 1998.
G.I. Trucking Co., La Mirada, CA, reports dramatic growth in its operations to serve large and small business customers. Handling more than 104 thousand tons of freight from Texas cities, the company has grown into a network of 18 terminal/service centers that serve more than 200 Texas communities.
January 28, 2000 - Industry News
U.S. Xpress Enterprises, Chattanooga, TN, reported record annual revenue and year-end results for the year ended Dec. 31, 1999.
Old Dominion Freight Line, High Point, NC, reported record earnings for the quarter ended Dec. 31, 1999. For the quarter, revenue from operations was $112.3 million, a 12.9 percent increase from $99.5 million for the fourth
Covenant Transport, Chattanooga, TN, has announced record revenue, earnings for the year ended Dec. 31, 1999. Revenue was up 28 percent to $472.7 million, compared to $370.5 million in 1998, while net income was $22.3 million,
Central Freight Lines president Joe Hall has retired and has been replaced in the interim by board member Ronald Moyes.
January 27, 2000 - Industry News
Professional Transportation Group., Marietta, GA, has reached an agreement to acquire selected assets of ATECH Commercial Corp.
USA Truck, Van Buren, AR, reported 1999 operating revenues of nearly $166.4 million, up 14.6 percent from $145.2 million in 1998. Net income decreased 17.7 percent to $8.6 million in 1999, compared with $10.5 million in 1998.
Yellow Corp., Overland Park, KS, reported net income for the fiscal year ended Dec. 31, 1999 of $50.9 million, up 27 percent over 1998 income of $40.1 million. Revenue for the year was $3.2 billion, up 11.2 percent from $2.9 billion in 1998
Roadway Express, Akron, OH, reported record revenues of $2.81 billion for the year ended Dec. 31, 1999, up 6 percent from $2.65 billion in 1998
Con-Way Central Express, Ann Arbor, MI, has opened a new freight service center covering the Charleston, WV, market. Located at 1100 River East Dr. in Belle, WV the facility will provide additional freight handling capacity and will also serve as a freight assembly center
in the Con-Way North American network.
New England Motor Freight expects to move its offices and shipping operations into a terminal building in the Harrisburg, PA, area early next year.
Heartland Express, Coralville, IA, reported 1999 fourth quarter of nearly $8.45 million, compared with $8.35 million in the fourth quarter of 1998.
Prime Inc. has opened its multi-million dollar Prime Associate Amenities Center at its Springfield terminal
Truckload reefer fleet C.R. England, Salt Lake City, has commissioned a one-of-a-kind truck to help in the fight against diabetes
American Freightways Corp., Harrison, AR, reported big jumps in revenue and earnings for the fourth quarter and all of last year.
January 21, 2000 - Industry News
Swift Transportation, Phoenix, reported record revenues, earnings and earnings per share for the fourth quarter and year ended Dec. 31, 1999
About 1,300 NationsWay employees owed nearly $5 million in unpaid wages have asked a federal court judge to convert the failed trucking company's bankruptcy case to Chapter 7 liquidation.
Operating revenues and earnings for the fourth quarter and year ended Dec. 31, 1999 were up for truckload carrier Werner Enterprises.
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