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Fleets

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February 4, 2014 - Industry News

Patriot Transportation Earnings Fall

The parent to liquid and dry bulk carrier Florida Rock and Tank lines reports earnings in the final three months of last year fell 25% from a year earlier, despite an increase in revenue.

Tags: Fleets, Earnings, Patriot Transportation

February 3, 2014 - Industry News

EEOC Sues NFI Industries for Gender-Based Wage Discrimination

The U.S. Equal Employment Opportunity Commission recently filed a lawsuit for gender-based wage discrimination lawsuit against NFI Road Rail and NFI Industries.

Tags: NFI, Fleets, Litigation, EEOC

February 3, 2014 - Industry News

XPO Prices Stock Offering at $25 Per Share

XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.

Tags: Fleets, XPO Logistics, Pacer International

February 3, 2014 - Industry News

YRC Worldwide Successfully Closes $300 Million Debt Reduction

Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.

Tags: Drivers, Fleets, Teamsters, YRC Worldwide, YRC Freight

January 31, 2014 - Industry News

Saia, Celadon, Landstar Report Earnings

The average age of Celadon's company’s tractor fleet was 1.7 years as of December 2013 and the average age of the trailer fleet was 2.4 years. (Photo by Evan Lockridge)

Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.

Tags: Fleets, Earnings, Saia, Celadon, Landstar

January 31, 2014 - Industry News

YRC Worldwide Successfully Amends Credit Agreement

YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.

Tags: Fleets, Teamsters, YRC Worldwide

January 30, 2014 - Industry News

UPS 2013 Profit Leaps to $4.4 Billion

Trucking, parcel and logistics giant UPS increased profit in the final quarter of the year and for all of 2013.

Tags: UPS, Fleets, Earnings, UPS Freight

January 30, 2014 - Industry News

Arkansas Best Moves from Loss to Profit in 2013

The parent company to less-than-truckload carrier ABF Freight System and ground expedite fleet Panther Expedited Services reported a profit in the final quarter of 2013 after reporting a loss a year earlier.

Tags: Fleets, Earnings, Arkansas Best, Panther, ABF

January 29, 2014 - Industry News

Hub Group Quarterly Income Drops, Increases in 2013

Photo: Evan Lockridge

Hub Group has announced financial results showing income of $16.5 million for the fourth quarter of last year or earnings per share of 45 cents...

Tags: Fleets, Earnings, Hub Group

January 29, 2014 - Industry News

Spot Truck Freight Volume and Rates Drop

Click on graphic to enlarge.

After a strong start to the month, freight activity and rates on the spot truckload market tapered off during the week ending Jan. 25 compared to the previous seven days.

Tags: Fleets, Freight, Owner-Operators, Spot Freight, DAT Transcore

January 29, 2014 - Industry News

Knight Transportation Profit Jumps in Fourth Quarter and 2013

Photo: Evan Lockridge

Truckload carrier and logistics provider Knight Transportation announced Wednesday its fourth quarter 2013 profit increased 12.7% to $20.1 million or 25 cents per share, from $17.7 million or 22 cents per share a year earlier.

Tags: Fleets, Earnings, Knight Transportation

January 28, 2014 - Industry News

Werner Profit Slips for All of 2013

Photo: Evan Lockridge

Nebraska-based trucking and logistics company Werner Enterprises has reported a decline in net income for the fourth quarter and all of last year.

Tags: Werner Enterprises, Fleets, Earnings

January 28, 2014 - Industry News

Study: Plenty of Drivers and Enforcement Officers Still Don’t Understand CSA

Photo: Evan Lockridge

The American Transportation Research Institute has released a new white paper showing a majority of the nation’s truck drivers do not have an understanding of the Federal Motor Carrier Safety Administration’s Compliance Safety and Accountability program. CSA was rolled out nationally just over three years ago

Tags: FMCSA, Drivers, American Transportation Research Institute, CSA, ATRI, Fleets, Safety & Compliance, CVSA

January 28, 2014 - Industry News

Missouri DOT Launches “Freight Plan”

The Missouri Department of Transportation has launched the Missouri Freight Plan, the next step in a process started last year to develop the state's long-range transportation plan.

Tags: Infrastructure, Missouri, Fleets, Highways, Freight

January 28, 2014 - Industry News

Dealer-Fleet Cooperation, Driver Shortage are Vital Issues, ATA Chairman Says

Truck dealers and fleet managers need to work together to smooth maintenance on complex trucks so the industry can continue to grow, Philip Byrd, 2014 chairman of the American Trucking Associations, told an audience at the American Truck Dealers’ annual convention in New Orleans on Sunday.

Tags: American Truck Dealers, American Trucking Associations, Drivers, Maintenance, Dealers, Fleets, ATA

January 27, 2014 - Industry News

XPO Announces Stock Sale, Reveals Preliminary Earnings Report

XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.

Tags: Fleets, Earnings, Mergers & Acquisitions, XPO Logistics, Pacer International

January 27, 2014 - Industry News

Covenant Net Income Doubles in Final Quarter of 2013

The parent to several freight transportation providers, including Covenant Transport, has released numbers showing net income doubled in the final quarter of the year, but there was a slight decline for all of 2013.

Tags: Covenant Transport, Fleets, Earnings

January 27, 2014 - Industry News

Swift Transportation Income Up for 2013, Falls in Fourth Quarter

Photo: Evan Lockridge

Trucking company Swift Transportation reported a drop in earnings for the final quarter of 2013 but an increase for all of last year.

Tags: Fleets, Earnings, Swift Transportation, Fleet Financials

January 27, 2014 - Industry News

Study Identifies Trends in Freight Charges for Shippers

The third party logistics provider Transplace has released the results of its annual benchmarking study that includes data from more than 150 shippers, representing more than $12 billion dollars in annual freight spending.

Tags: Transplace, Fleets, Owner-Operators, Shippers, Freight Rates

January 27, 2014 - Industry News

Trucking Company Owner Sentenced, Ordered to Pay Restitution to Truckers

The owner, operator, and president of East, St. Louis, Ill.-based Clark Trucking and Excavation was sentenced to 33 months in prison late last week.

Tags: Drivers, Missouri, Fleets, Fraud, Crime

January 26, 2014 - Industry News

YRC Teamster Members Say Yes to Contract Extension

YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.

Tags: Teamsters, YRC Worldwide, Fleets

January 23, 2014 - Industry News

Forward Air Purchases Central States Trucking

Photo: Evan Lockridge

The parent to a ground transportation provider in the air cargo industry, Forward Air Corporation, has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, from Central States Inc.

Tags: Drivers, Fleets, Mergers & Acquisitions, Forward Air

January 23, 2014 - Industry News

Audit Says New York DOT Not Doing Enough About Truck Safety

Photo: Evan Lockridge

The New York state Department of Transportation is not adequately monitoring whether commercial carriers whose vehicles or drivers have been taken off the road because of violations are making needed repairs or corrections, potentially putting the public at risk, according to a new audit released by New York’s comptroller.

Tags: FMCSA, Drivers, New York, Regulations, Fleets, Safety & Compliance

January 23, 2014 - Industry News

Odyssey Logistics Purchases Two Companies

Supply chain logistics service provider Odyssey Logistics & Technology Corporation, based in Conn., has purchased both CMI Freight-Trans and Steel Wheel Transfer, 25 year-old companies headquartered in Orland Park, Ill.

Tags: Fleets, Mergers & Acquisitions, Odyssey Logistics

January 23, 2014 - Industry News

J.B Hunt Profit Hits Quarterly and Yearly Highs

Freight transportation services provider J.B. Hunt Transport services has reported hitting record financial numbers for the final quarter of last year as well for all of 2013.

Tags: J.B. Hunt, Fleets, Earnings

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