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Colorado-based Graebel Companies on Wednesday announced it had reached an agreement to sell Graebel Van Lines Inc. and the U.S. moving and storage operations of Graebel Movers Inc. to a rival’s newly created company.
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CORRECTED -- UPS Freight is expanding its Density-Based Rating (also known as dimensional weight pricing) pricing option to all its customers.
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Rates on the spot freight market gained little ground if any, according to the latest weekly roundup of activity from the freight matching service provider DAT Solutions.
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Retail sales in the U.S. during September stumbled a bit, marking the first month-to-month decline since January, while a separate report shows there is no reason for concern about inflationary pressures.
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Trucking company Marten Transport Ltd. has reported net income of $7.7 million, or 23 cents per diluted share, for the third of the year, down slightly from $8 million, or 24 cents per diluted share, from the same time a year ago.
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Sen. Barbara Boxer, D-Calif., continues to press for action on a highway bill this year, writing a letter last week to Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee.
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Spot freight has seen 14 consecutive months of year-over-year peaks, according to DAT, but in a typical seasonal trend, freight availability declined 5.5% in September compared with August.
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A former driver for a national trucking company pleaded guilty last week to charges, admitting he bribed employees in the Traffic Office at the Marine Corps Logistics Base in Albany, Georgia in order to obtain lucrative freight hauling business for a period of six years.
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J.B. Hunt Transport Services announced third quarter 2014 net earnings of $102.4 million, or diluted earnings per share of 87 cents compared to third quarter 2013 net earnings of $89.5 million, or 75 cents per diluted share.
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After a turbulent start to 2014, the nation’s retailers expect sales in November and December to increase a healthy 4.1% to $616.9 billion, higher than 2013’s actual 3.1% increase during that same time frame.
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