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The trucking operation Landstar System Inc. reported record quarterly revenue on Thursday as part of its fourth quarter earnings release.
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The Indiana-based trucking operation Celadon Group Inc. on Wednesday reported a near 67% increase in its net profit during its fiscal second quarter ending with the close last December.
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Net income totaled $58.5 million, up from $45.3 million the same time a year earlier, while basic earnings per share were 41 cents compared to 32 cents during the same time in 2013 for the Arizona-based company.
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The owner of a trucking company received the maximum sentence possible by a federal court in Missouri after pleading guilty last year for his role in a cargo theft scheme.
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Marine ports in Georgia ended 2014 with growth in all cargo sectors, including a 10.2% increase in twenty-foot equivalent container units, and a 7.4% increase in total tonnage, according to new figures released by the Georgia Ports Authority.
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Trucking company Knight Transportation Inc. has reported significant increases in net income and revenue for the final quarter of last year and for all of 2014.
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Speaking at Heavy Duty Aftermarket Dialogue in Las Vegas, Bob Dieli, founder of RDLB says the expansion is in it 67th month and is closing in on being longer than the November 2001 to December 2007 expansion, which lasted 73 months.
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Rates on the spot freight market continued falling the past week due to fewer loads available and increasing truck capacity, according to the freight matching service provider DAT Solutions.
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While demand for used trucks is high, the supply is not keeping up, causing a decline in used truck sales from traditional retailers, but an increase in sales overall.
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Marten Transport Ltd. on Tuesday reported its highest net income and operating revenue for any quarter in its history.
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