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Fleets

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November 11, 2014 - Industry News

ODFL Announces $200 Million Stock Buyback

Old Dominion Freight Line Inc. has approved a stock repurchase program authorizing the North Carolina-based trucking company to repurchase up to $200 million of its outstanding common stock.

Tags: Old Dominion Freight Line, Fleets

November 6, 2014 - Industry News

New Transportation Management Tool from J.B. Hunt

Credit: J.B. Hunt Facebook page.

J.B. Hunt Transport Inc. has rolled out a new self-service freight transportation management tool for customers using either desktop or mobile devices.

Tags: Information Technology, J.B. Hunt, Fleets

November 6, 2014 - Industry News

Quality Distribution Profit Moves Higher

Bulk and chemical logistics provider Quality Distribution Inc. has reported a 9.7% increase in revenue in the third quarter of the year compared to a year ago while earning increased by an even wider margin.

Tags: Fleets, Earnings, Quality Distribution, Quality Carriers, Boasso America

November 6, 2014 - Industry News

Kevin Knight Stepping Down as Knight Transportation CEO

Kevin Knight. Photo: Knight Transportation

Knight Transportation Inc. CEO Kevin Knight will step down from part of his role with the company on Jan. 1.

Tags: Fleets, People, Knight Transportation

November 5, 2014 - Industry News

FedEx Freight President, CEO Retiring Due to Health Concerns

FedEx Freight President and CEO William J. Logue.

William J. Logue has been in the role at the less-than truckload carrier since 2010.

Tags: Fleets, People, FedEx, FedEx Freight

November 4, 2014 - Industry News

Forward Air's FAF Raising Owner-Operator Compensation

Forward Air Corp’s. motor carrier subsidiary, FAF Inc., is raising owner-operator pay effective Jan 4. The contractual base rate will increase by 10 cents per mile for team less-than-truckload and truckload express service, while rates for solo truckload express drivers will increase by 6 cents per mile.

Tags: Fleets, Owner-Operators, Forward Air, Driver Pay

November 4, 2014 - Industry News

Forward Air Purchases Intermodal Drayage Provider

The trucking operation Forward Air Corp. announced its subsidiary, Central States Trucking Co., has purchased substantially all of the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc., based in Indianapolis, Indiana.

Tags: Fleets, Mergers & Acquisitions, Forward Air

November 3, 2014 - Industry News

USA Posts Biggest Profit in Eight Years

Transportation and logistics provider USA Truck Inc. has announced earnings for the third quarter of the year showing its most profitable quarter in eight years and its second straight quarterly profit.

Tags: Fleets, Earnings, USA Truck

November 3, 2014 - Industry News

ArcBest Profit Leaps by 40%

Trucking and logistics holding company ArcBest Corp. has reported improved third quarter 2014 results, reflecting business growth at ABF Freight and all of its emerging companies.

Tags: Fleets, Earnings, ABF, ArcBest Corp.

November 3, 2014 - Industry News

Roadrunner Transportation Profit Inches Higher

Trucking and logistics provider Roadrunner Transportation Systems reported record revenue and operating income for the third quarter.

Tags: Fleets, Roadrunner Transportation, Earnings, LTL, Truckload

October 31, 2014 - Industry News

YRC Worldwide Moves from Third Quarter Loss to Profit

Photo: Evan Lockridge

Trucking operation YRC Worldwide turned its business around in the third quarter of the year, going from a $44.1 million net loss a year ago to a net profit of $1.2 million.

Tags: Fleets, Earnings, YRC Worldwide, YRC Freight

October 31, 2014 - Industry News

Teamsters Cancel Organizing Vote at FedEx Freight Terminal

After months of trying to convince FedEx Freight drivers in Middletown, Pennsylvania, to join the Teamsters, the union withdrew the election petition on Thursday, the day before vote.

Tags: Drivers, Fleets, Labor Unions, FedEx, FedEx Freight, LTL, Teamsters

October 30, 2014 - Industry News

ODFL Reports Record Third Quarter Earnings, Revenue

Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.

Tags: Old Dominion Freight Line, Fleets, Earnings

October 30, 2014 - Industry News

Celadon Profit Increases More Than 21%

Revenue for the quarter increased 10.5% to $193.4 million from $175.1 million a year earlier. Freight revenue, which excludes fuel surcharges, increased 11.1% to $157.7 million.

Tags: Celadon Group, Fleets, Earnings

October 30, 2014 - Industry News

Con-way Profit Soars During Third Quarter

The trucking operation Con-way Inc. has reported 2014 third-quarter net income of $45.6 million, or 78 cents per diluted share.

Tags: Con-way Freight, Fleets, Earnings, Con-way Truckload, Con-way Inc.

October 28, 2014 - Industry News

P.A.M. Transportation Records Record Earnings

Dry-van truckload carrier P.A.M. Transportation Services reported record profit in the third quarter of the year, more than doubling from the same time a year ago to $5.1 million.

Tags: Fleets, Earnings, PAM Transport

October 28, 2014 - Industry News

Saia Profit Shoots Up More Than 26%

The mainly less-than-truckload carrier Saia inc. has reported an increase in its third quarter profit due to significant gains in tonnage and shipments.

Tags: Fleets, Earnings, Saia

October 27, 2014 - Industry News

Celadon Purchases A&S Services Group

Trucking and logistics operator Celadon Group Inc. on Monday announced the purchase of A&S Services Group LLC, a regional for-hire and dedicated truckload carrier.

Tags: Pennsylvania, Celadon Group, Fleets, Mergers & Acquisitions

October 27, 2014 - Industry News

Heartland Express Profit Increases 43%

Photo: Evan Lockridge

Profit and earnings for truckload carrier Heartland Express shot up in the third quarter of the year compared to the same time in 2013, as loads turned down were the highest since before the Great Recession.

Tags: Fleets, Earnings, Heartland Express

October 27, 2014 - Industry News

ABF Increasing Rates More Than 5%

The mainly less-than-truckload carrier ABF Freight has announced an increase in general rates and charges effective Nov. 3.

Tags: LTL, Fleets, ABF, Freight Rates

October 27, 2014 - Industry News

OSHA Cites Central Transport Again, $145,000 in Fines Proposed

The Occupational Safety and Health Administration cited trucking company Central Transport LLC for 16 safety and health violations at its Hillside, Ill., terminal.

Tags: Regulations, OSHA, Fleets, Safety & Compliance, Central Transport

October 24, 2014 - Industry News

Swift Third-Quarter Profit Surges

Photo: Evan Lockridge

With year-over-year profitability improvements in its truckload, intermodal and refrigerated segments, Swift Transportation saw its net income surge to $50.2 million in the third quarter, compared to $30 million a year ago.

Tags: Fleets, Earnings, Swift Transportation

October 24, 2014 - Industry News

Forward Air Third Quarter Income Higher

Photo: Evan Lockridge

Net income during the period was $16.7 million compared to $14.2 million in the prior-year quarter or 54 cents per diluted share compared with 46 cents per diluted share.

Tags: Fleets, Earnings, Forward Air

October 24, 2014 - Industry News

UPS Grows Third Quarter Profit

Higher package volume and growth in distribution and UPS Freight business led UPS Inc. to an upswing in third-quarter earnings compared to a year ago.

Tags: UPS, Fleets, Earnings, UPS Freight, LTL

October 23, 2014 - Industry News

Hub Group Profit Posts Big Decline

Photo: Evan Lockridge

The Illinois-based operation reported income of $4.5 million compared to $18.6 million in the third quarter of 2013 with diluted earnings per share of 12 cents compared to 50 cents a year earlier.

Tags: Fleets, Earnings, Hub Group

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