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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.
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The trucking operation Con-way Inc. has reported 2014 third-quarter net income of $45.6 million, or 78 cents per diluted share.
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The Erie Canal, Hoover Dam, the Golden Gate Bridge, the Interstate Highway System – all were built by men of vision, but today Congress lacks enough such people to rebuild America’s worn and aging infrastructure, said former Transportation Secretary Ray LaHood, calling for a 10-cent-a-gallon increase in the fuel tax.
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Hot Line Freight System is opening two new terminals in Ohio and Illinois will expand shipping opportunities for the surrounding areas bringing less-than-truckload service to the Midwest.
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“The average loss-value ceiling continues to rise and illustrates that organized cargo thieves continue to aggressively target high value freight,” FreightWatch said in its report.
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Rates for spot market freight remain stagnant for the third straight week, according to a new snapshot of the market from the freight matching service provider DAT Solutions.
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The Paragon Software Systems Arrivals Board application allows in-store receiving personnel to monitor real-time ETA information of trucks scheduled to make deliveries as well as the load characteristics of each truck.
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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.
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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.
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An advance report shows shipments of durable goods increased just slightly last month while new orders fell for the second straight month.
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