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July 25, 2014 - Industry News

Swift Transportation Profit Falls in Second Quarter

Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.

Tags: Fleets, Earnings, Swift Transportation

July 24, 2014 - Industry News

Covenant Profit Doubles During Second Quarter

Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.

Tags: Covenant Transport, Fleets, Earnings

July 23, 2014 - Industry News

Knight Transportation Profit Gains 36%, New Business Unit Formed

Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.

Tags: Fleets, Earnings, Knight Transportation

July 23, 2014 - Industry News

Landstar Posts Record Second Quarter Profit, Revenue

Photo: Evan Lockridge

Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.

Tags: Fleets, Earnings, Landstar

July 23, 2014 - Industry News

Forward Air Profit Increases 24.6% in Second Quarter

Photo: Evan Lockridge

Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013.

Tags: Fleets, Earnings, Forward Air

July 22, 2014 - Industry News

Analyst Questions Filing Charges Against FedEx Over Drug Shipments

Photo via FedEx Facebook page

Why is the government filing charges against parcel delivery and trucking giant FedEx? That is the key question said the investment firm Stifel in a note to investors following FedEx disclosing last week it had been indicted by the federal government for allegedly engaging in unlawful distribution of controlled substances.

Tags: Law Enforcement, Crime & Fraud, Fleets, FedEx

July 22, 2014 - Industry News

Heartland Second Quarter Profit Moves 38.7% Higher

Photo: Evan Lockridge

Trucking company Heartland Express saw its second quarter net income increase 38.7% compared to the same time a year ago, while revenue skyrocketed 69.3% during the same time.

Tags: Fleets, Earnings, Heartland Express, Gordon Trucking

July 21, 2014 - Industry News

Roadrunner Purchases Indiana-Based Logistics Provider

Asset-light trucking and logistics provider, Roadrunner Transportation Systems, has acquired Integrated Services, ISI Logistics and ISI Logistics South for $13 million.

Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions

July 21, 2014 - Industry News

Werner Second Quarter Profit Dips Slightly

Photo: Evan Lockridge

Trucking and logistics company Werner Enterprises saw its profit slip in the second quarter of the year despite increased revenue.

Tags: Werner Enterprises, Fleets, Earnings

July 18, 2014 - Industry News

Werner Enterprises Investing in Chinese Carrier

Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.

Tags: International, Werner Enterprises, Fleets, Mergers & Acquisitions

July 16, 2014 - Industry News

Maverick Makes Changes to Driver Compensation Plan

Maverick Transportation has recently announced several changes to their driver pay scale, including substantial mileage pay increases, which will impact all incoming drivers no matter their experience.

Tags: Driver Pay, Maverick Transportation, Fleets, Drivers

July 15, 2014 - Industry News

Marten Transport Profit Moves Slightly Higher

Primarily refrigerated freight hauler Marten Transport on Tuesday reported an increase in net income to $7.9 million, or 24 cents per diluted share, in the second quarter of the year.

Tags: Marten Transport, Fleets, Earnings

July 15, 2014 - Industry News

J.B. Hunt Second Quarter Profit Increases, Cuts Some Expectations

Photo by Dang Apricot via Wikimedai Commons

J.B. Hunt Transport Services announced Tuesday second quarter 2014 net earnings of $93.4 million, or diluted earnings per share of 79 cents, compared to second quarter 2013 net earnings of $87.7 million, or 73 cents per diluted share, a 6.5% increase.

Tags: J.B. Hunt, Fleets, Earnings

July 14, 2014 - Industry News

Holt Logistics Partners to Develop New Marine Terminal in New Jersey

The planned 190-acre facility will be the first new multi-purpose marine terminal to be constructed on the Delaware River in over 30 years.

Tags: New Jersey, Intermodal, Fleets, Logistics

July 14, 2014 - Industry News

Port Truckers End Strike After Five Days

Photo: Justice for Port Truck Drivers

After a five-day unfair labor practice strike at the Ports of Los Angeles and Long Beach, striking port truck drivers voted unanimously to agree to a “cooling off” period late Friday after it was requested by L.A. Mayor Eric Garcetti.

Tags: Drivers, Port of Los Angeles, California, Port of Long Beach, Fleets, Ports, Port Trucking, Labor Unions, Teamsters

July 11, 2014 - Industry News

CarrierDirect Gives Outlook for Domestic Transport and Logistics

Graph courtesy of CarrierDirect.

Consulting firm CarrierDirect discussed the current state of the trucking industry, as well as what's on the horizon for the rest of 2014 and beyond.

Tags: Fleet Management, CarrierDirect, Logistics, Fleets

July 9, 2014 - Industry News

First Quarter Driver Turnover Largely Unchanged

The turnover rate at large truckload carriers rose just one percentage point to an annual rate of 92% in the first quarter of 2014, but held above 90% for the ninth consecutive quarter, according to new figures released by the American Trucking Associations.

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

July 8, 2014 - Industry News

Lineage Logistics Acquires Two California Cold Storage Facilities

Lineage Logistics, Colton, Calif., a warehousing and logistics company, has acquired two cold storage facilities in Santa Cruz county California from Dreisbach Enterprises.

Tags: California, Fleets, Logistics, Mergers & Acquisitions

July 7, 2014 - Industry News

Roadrunner Completes Management Team Reorganization

Photo: Via Roadrunner Facebook page.

Asset-light trucking and logistics services provider, Roadrunner Transportation Systems, has appointed a president for each of its three business segments.

Tags: Fleets, Roadrunner Transportation, People

July 7, 2014 - Industry News

Los Angeles/Long Beach Port Truckers on Strike

Port truck drivers from three of Los Angeles’ leading drayage firms began indefinite strikes on Monday morning over claims of unfair labor practices at the twin ports of Los Angeles and Long Beach.

Tags: Port of Los Angeles, California, Port of Long Beach, Fleets, Teamsters, Port Trucking, Labor Unions, Ports

July 2, 2014 - Industry News

NTB Inc. Offers Drivers 4-cent Raise

Grand Rapids, Mich.-based regional hauler is offering a 4-cent raise to all current and future drivers.

Tags: Driver Pay, NTB, Fleets

July 2, 2014 - Industry News

Carbon Express Ups Driver Pay Amidst Fleet Growth

Carbon Express, Wharton, N.J., has increased driver pay rates effective July 1 by 50 cents an hour and 2 cents per mile.

Tags: Fleets, Driver Pay, Carbon Express

June 25, 2014 - Industry News

ODFL Expands Maine Terminal

The renovated facility contains 43 doors, more than 60% more doors than the original service center. The company first established its presence in Maine in 2005.

Tags: Old Dominion Freight Line, Maine, Fleets

June 20, 2014 - Industry News

Bridger Group Acquires Occidental Petroleum’s Trucking Operation

Integrated crude oil midstream logistics company, Bridger Group, has reached an agreement to provide dedicated trucking services for the crude oil marketing business of Occidental Energy Marketing.

Tags: Fleets, Mergers & Acquisitions

June 20, 2014 - Industry News

NLRB Charges Trucking Company with Dozens of Labor Law Violations

The National Labor Relations Board is charging a California trucking company committed more than 50 labor law violations against its drivers. The action is against port trucking company Green Fleet Systems, which hauls containers in and out of the Port of Los Angeles and the Port of Long Beach.

Tags: Drivers, Port of Los Angeles, California, Port of Long Beach, Fleets, Labor Unions

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