April 20, 2000 - Industry News
UPS reported record results for the first quarter, with a 63% jump in net income for the quarter ending March 31
Landstar System, Jacksonville, FL, has introduced a new e-mail service exclusively for its agents and independent contractors
Rollins Truck Leasing Corp. posted record net earnings of $14.4 million for its second fiscal quarter ending March 31 -- up 29% from the same period last year and a company record
Operating revenue at Smithway Motor Xpress Corp., Fort Dodge, IA, increased 7.3% to $50.7
million in the first quarter from $47.3 million during the same quarter in 1999. Net earnings were $238,000, or $0.05 per diluted share,
April 19, 2000 - Industry News
American Freightways Corp., Harrison, AR, has relocated 12 terminals to newly constructed facilities. The new facilities are said to double American Freightways' capacity to serve its customers in these markets
While many other truckload carriers are reporting drops in earnings, Heartland Express, Coralville, IA, has reported an increase in first quarter net income. The fleet took in more than $9.1 million, compared to nearly $7.6 million
First quarter earnings for truckload carrier Swift Transportation dropped slightly due to higher fuel costs
April 17, 2000 - Industry News
First quarter revenue for J.B. Hunt Transport Services, Lowell, AR, rose 13% to $534
million, but net earnings dropped over 50% to $5 million, down from $10.6 million in the first quarter of 1999.
Werner Enterprises, Omaha, NE has reported a drop in earnings for the first quarter ended March 31, 2000 due to higher fuel prices. Operating revenues increased 21% to a record $291.4 million, compared to $241 million
April 14, 2000 - Industry News
Averitt Express, Cookeville, TN, has purchased 750 Volvo 660s and 750 Volvo VNM daycabs to be delivered over three years starting this month
April 13, 2000 - Industry News
Simon Transportation Services, Salt Lake City, UT, is back in the black with the announcement of its financial results for the quarter that ended March 31
Landstar System, Jacksonville, FL, reported record first quarter net income of $8.3 million, up from $7.5 million in the 1999 first quarter
USFreightways Corp., Rosemont, IL, has reported net income for the quarter ending April 1 $22.3 million, a 27% increase over the $17.5 million reported for the same period last year
Roadway Express, Akron, OH, has expanded its Mexican operations with the opening of a new service terminal in Queretaro
April 12, 2000 - Industry News
Budd Van Lines has opened a full-service, regional operation center in Kennesaw, GA
Tri-White Corp., Toronto, ON, has reached an agreement to sell its Trucking Group, comprised of both the Full-Load and Logistics Divisions of Tri-Line Expressways Ltd., and High-Tech Express & Distribution Ltd. to TCT Logistics Inc. for $44 million
Roadway Express, Akron, OH, has reported net income of nearly $10.4 million for the first quarter ended March 25, 2000, up 31% from net income of $7.9 million in the first quarter
Skyway Freight Systems Inc., an interstate trucking company headquartered in Watsonville, CA, filed for protection from creditors under Chapter 7 of the United States Bankruptcy Code on Friday, April 7, 2000.
Consolidated Freightways, Menlo Park, CA, has partnered with U.S.Customs to automate in-bond freight customs clearances
A lawsuit filed against United Parcel Service claims the company's policies regarding delivery deadlines contributed to a fatal accident
April 7, 2000 - Industry News
Penske Truck Leasing, Reading, PA, has purchased the assets of McDevitt Transportation Services, a truck rental and leasing company based in Manchester, NH. Penske will operate directly from the existing McDevitt leasing facility.
Con-Way Southern Express, a division of Con-Way Transportation Services, Ann Arbor, MI, is replacing its Richmond facility with a new freight assembly center in Chester, VA. Construction is expected to be completed in November.
New Prime Inc. president Robert Low has reportedly requested a list of KLLM Transport Services Inc. stockholders, possibly to solicit consent to remove the KLLM board of directors.
Low owns 13% of KLLM shares and has expressed
April 6, 2000 - Industry News
Asche Transportation Services, Shannon, IL, has had to delay filing its annual financial statements
April 5, 2000 - Industry News
KLLM Transport Services now has two suitors. A couple of weeks ago New Prime Inc. president and CEO Robert Low said he was interested in buying the Jackson, MS, based truckload carrier and said an offering price of $7.60 a share would be feasible.
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