May 11, 2000 - Industry News
Werner Enterprises may be about to end its eight-year run of double-digit income growth.
Although the company’s first quarter 2000 revenue was up 21% from first quarter 1999, Chairman and CEO Clarence Werner reportedly told stockholders that, under current conditions, he doesn’t expect revenue for the year to be up more than 8% to 10%. This would be the first time since 1991 that the carrier’s growth was less than 10%
May 10, 2000 - Industry News
Marten Transport, Ltd., Mondovi, Wl, has opened a new terminal in Forest Park, GA, that will replace the existing Jonesboro, GA, terminal
Marten Transport has begun adding Volvo tractors to its fleet. The Mondovi, WI based refrigerated carrier has initially purchased 20 Volvo 660 tractors from Central Truck of Madison, WI. Marten's management and drivers say
May 9, 2000 - Industry News
The battle over ownership of KLLM Transport Services continues as a special committee reviews the latest takeover offers. Details are confidential but the panel, including a KLLM board member and three from outside the company, is looking at revised offers from New Prime Inc. owner Robert Low and from KLLM chairman, president and CEO Jack Lilies III and his partner, WorldCom chief Bernie Ebbers
May 8, 2000 - Industry News
Consolidated Freightways has signed a letter of intent to purchase FirstAir, Inc., an airfreight forwarder based in St. Paul, MN
May 4, 2000 - Industry News
FedEx Supply Chain Services, a third-party provider of integrated supply chain solutions, has created a new division named FedEx eLogistics to focus on providing businesses end-to-end electronic commerce logistics solutions
First quarter operating revenues rose 14% and net income increased 10% compared to the first quarter of 1999 for Arnold Industries, Lebanon, PA
First quarter results for Boyd Bros. Transportation, Clayton, AL, were hit by significant increases in fuel costs
May 2, 2000 - Industry News
Kenan Transport Co., Chapel Hill, NC, reported solid results for the first quarter of 2000. Revenue was $38.3 million compared to $34 million for the first quarter of 1999. Net income was $944,000 compared to
Low Acquisition, a company owned by New Prime President Robert Low, has extended its tender offer for outstanding shares of KLLM Transport Services common stock to May 30, 2000. The offer was to have expired on May 9
Dallas-based Frozen Food Express Industries, in the middle of a restructuring, reported a $563,000 loss for the first quarter.
The Nasdaq Stock Market has commenced proceedings to delist the shares of Asche Transportation Services, Shannon, IL from the Nasdaq National Market as a result of the company's failure to file its Form 10-K for the
Con-Way Transportation Services, Ann Arbor, MI, has added three new service features to its website, www.con-way.com. The features include an on-line function that allows electronic communication of a bill-of-lading and pickup notice, a
Canadian currency translation
April 28, 2000 - Industry News
KLLM Transport Services, Inc., Jackson, MS lost $1.0 million in the first quarter, compared with a net loss of $225,000 a year ago. Operating revenue was $57.6 million compared
with $55.3 million for the first quarter of
OTR Express, Olathe, KS, had a net loss of $814,000 in the first quarter, compared to net income of $144,000 in 1999. The company is in the process of restructuring and hopes to increase the number of owner-operators
Landair Corp. said first quarter operating revenue increased to $33.1 million compared with $31.9 million for the same quarter in 1999, but it had a net loss of $139,000. The company had net income of $421,000
Car-hauling giant Allied Holdings Inc., Decatur, GA, had a net loss of $1 million in the first quarter. The company said higher fuel costs, net of the surcharges, reduced earnings in by approximately $1.6 million, or
Consolidated Freightways Corp., Menlo Park, CA, had a net loss of $3.0 million in the first quarter after non-recurring charges. It had net income of $1.1 million before the charges. Net income for the same period
April 26, 2000 - Industry News
USA Truck, Inc., Van Buren, AR, suffered a first quarter loss it says was due largely to high fuel prices. The truckload fleet had record operating revenues of $55.1 million, up 52.3% from $36.2 million for
Transport Corporation of America, Minneapolis, has announced record revenues for the first quarter 2000 of $72.2 million, representing a 7.5 percent increase over 1999 first quarter revenues of $67.1 million.
First quarter net income, prior to
April 25, 2000 - Industry News
P.A.M. Transportation Services, Tonitown, AR, has reported net income of $2.1 million for the quarter ended March 31, 2000, compared to net income of $2.8 million for the quarter ended March 31, 1999. Revenues for the
Despite an ongoing Teamster protest, Overnite Transportation Co., Richmond, VA, was in the black in the first quarter
Knight Transportation Inc., Phoenix, AZ had higher income for the first quarter, despite higher fuel prices. The fleet reported operating revenue of $43.6 million, up 30 percent from $33.5 million for the same quarter of 1999.
Earnings at Old Dominion Freight Line, High Point, NC dropped slightly in the first quarter
April 24, 2000 - Industry News
J.B. Hunt Transport Inc. has contracted with Wal-Mart Stores Inc. to run truckload, rail and fleet service for 31 Wal-Mart distribution centers nationwide.
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