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Fleets

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March 19, 2014 - Industry News

Winter Slows FedEx Profit Growth, LTL Business Jumps

Photo: Evan Lockridge

Revenue was $11.3 billion, up 3% from $11 billion the same time a year ago, while net income totaled $378 million, up 5% from last year’s $361 million or $1.23 per share compared to $1.13 per share.

Tags: Fleets, Earnings, FedEx

March 18, 2014 - Industry News

Schneider Rolls Out New Logo

The Schneider logo has been refreshed and has a more contemporary design that accurately reflects the broad geographies it serves. The company’s previous logo had been in existence since 1985, which positioned the organization well at the time.

Tags: Schneider, Fleets

March 17, 2014 - Industry News

Con-way Joins Rate Increase Bandwagon

Con-way Freight has become the latest less-than-truckload carrier to announce it is increasing rates. It will institute a general rate hike, averaging 5.4%, applicable to non-contractual business, effective March 31.

Tags: Con-way Freight, Fleets, Freight Rates

March 17, 2014 - Industry News

Roadrunner Transportation Purchases California Logistics Provider

Asset-light trucking company, Roadrunner Transportation Systems, has acquired all of the outstanding stock of Unitrans International, a non-asset based provider of international logistics solutions based in Los Angeles, Calif.

Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions

March 14, 2014 - Industry News

UPS Freight Increasing Rates

UPS Freight will implement a general rate increase effective March 31. The 4.4% increase applies to non-contractual less-than-truckload shipments rated on the current UPS Freight tariffs.

Tags: Fleets, UPS Freight, Freight Rates

March 14, 2014 - Industry News

Truck Driver Turnover Drops but Still High

The turnover rate at large truckload carriers fell six percentage points to 91% in the fourth quarter of 2013, but held above 90% for the eighth consecutive quarter, according to new figures released by the American Trucking Associations.

Tags: Drivers, American Trucking Associations, Driver Turnover, Fleets

March 14, 2014 - Industry News

Crete Carrier Increasing Driver Compensation

Photo: Evan Lockridge

Crete Carrier Corporation is increasing compensation for all national over the road truck drivers and owner operators at Crete Carrier, Shaffer Trucking and Hunt Transportation.

Tags: Drivers, Fleets, Crete Carrier Corp.

March 12, 2014 - Industry News

Jury Returns $12 Million Plus Verdict Against Frozen Food Express

A more than $12 million jury verdict was recently handed down in a case involving the trucking company Frozen Food Express in a personal injury lawsuit.

Tags: Drivers, Fleets, Litigation, Frozen Food Express, FFE

March 11, 2014 - Industry News

Comtrak Logistics Renamed Hub Group Trucking

The Illinois-based company says the change formally recognizes the growing importance of trucking operations as an integral part of Hub Group's expanding portfolio of transportation service offerings.

Tags: Intermodal, Fleets, Hub Group

March 11, 2014 - Industry News

Schneider Adding 75 Drivers to Haul Harley-Davidson Freight

Truckload carrier Schneider National has created 75 new jobs for professional truck drivers looking to transport some unique freight.

Tags: Drivers, Fleets, Schneider National

March 10, 2014 - Industry News

ODFL February LTL Tonnage Jumps, Expectations Raised

Old Dominion Freight Line on Monday reported an increase in its less-than-truckload tons per day for February of 11.7% compared with February 2013, following growth of 10.1% for January 2014 compared to the year before.

Tags: Old Dominion Freight Line, Fleets, Truck Tonnage, Tonnage

March 10, 2014 - Industry News

uShip and eBay Announce Partnership for Shipments

The online logistics provider uShip has announced a partnership with the online auction business eBay, when it comes to arranging larger-than-parcel shipments.

Tags: eBay, eBay Motors, uShip, Fleets, Logistics

March 10, 2014 - Industry News

Investment Firm Purchases Majority of Dicom Transportation

The private equity investment firm Wind Point Partners has purchased a majority stake in Dicom Transportation Group, the Canadian parent to several trucking operations.

Tags: Canada, Cross-Border Trucking, Mexico, Fleets, Mergers & Acquisitions

March 10, 2014 - Industry News

New York Law Takes Effect over Driver Misclassification

A new law takes effect Tuesday in New York state that some describe as the most stringent of any state when it comes to truck drivers and other transportation workers who have been wrongly classified as independent contractors rather than employees.

Tags: Drivers, Fleets, Independent Contractors

March 6, 2014 - Industry News

Vitran Shareholders Approve Sale to TransForce

Photo: Evan Lockridge

Shareholders of the less-than-truckload carrier Vitran have approved an earlier announced sale to fellow Canadian trucking operation TransForce.

Tags: Fleets, Mergers & Acquisitions, TransForce, Vitran

March 5, 2014 - Industry News

YRC Freight Restructures, Board Member Resigns from YRC Worldwide

New YRC Freight president Darren Hawkins is shaking up things with the less-than-truckload carrier by reorganizing its management.

Tags: Leadership, Fleets, People, YRC Worldwide, YRC Freight

March 5, 2014 - Industry News

ABF Increasing Rates Later This Month

Less-than-truckload carrier ABF Freight System will increase general rates and charges effective March 24.

Tags: Fleets, ABF, Freight Rates, FedEx

March 3, 2014 - Industry News

FedEx Freight Hiking Rates

FedEx Freight will increase shipping rates by an average of 3.9%, effective March 31.

Tags: Fleets, Freight Rates, FedEx

March 3, 2014 - Industry News

Former Trucking Comptroller Admits to Millions in Theft

A former comptroller for a Missouri trucking company pleaded guilty last week to stealing more than $4.9 million from his employer and could face up to 30 years in prison.

Tags: Theft, Fleets, Crime, Fraud

February 27, 2014 - Industry News

YRC Worldwide Cuts Yearly Losses, Names New President of YRC Freight

The parent to several trucking companies including YRC Freight managed to squeeze out a profit in the final quarter of last year, but still lost money for all of 2013.

Tags: Leadership, Fleets, People, Earnings, YRC Worldwide, YRC Freight

February 26, 2014 - Industry News

Echo Global Logistics Purchases Comcar Logistics

Echo Global Logistics has announced its acquisition of Comcar Logistics, a non-asset-based truckload brokerage based in Jacksonville, Florida.

Tags: Fleets, Mergers & Acquisitions, Echo Global Logistics

February 26, 2014 - Industry News

Trial Set for Fraud Claims Against Covan World-Wide

Trial has been set for next year involving a household goods mover alleging hundreds of millions in fraud over shipments of military personnel belongings.

Tags: Investigation, Fleets, Litigation, Fraud

February 26, 2014 - Industry News

Quality Distribution Reports Fourth Quarter and Yearly Losses, Expands into Denver

The parent company to chemical bulk hauler Quality Carriers and intermodal tank container carrier Boasso America reported a loss in the final quarter of 2013 following a profit a year earlier.

Tags: Fleets, Earnings, Quality Distribution

February 25, 2014 - Industry News

Pilot Flying J Heading Back to Court Over Remaining Trucking Lawsuits

Photo: Evan Lockridge

A little more than half a dozen lawsuits alleging fuel rebate fraud still pending against the truckstop chain Pilot Flying J may be consolidated as soon as next month.

Tags: Diesel Prices, Fleets, Pilot Flying J, Litigation, Truckstops, Fuel and Oil, Fraud

February 24, 2014 - Industry News

Roadrunner Transportation Makes Another Purchase

Asset-light trucking and logistics services providers Roadrunner Transportation System has announced it has acquired Rich Logistics, a provider of truckload and expedited services based in Little Rock, Ark.

Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions

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