American Freightways Income Up 57%
American Freightways Corp., Harrison, AR, reported big jumps in revenue and earnings for the fourth quarter and all of last year.
American Freightways Corp., Harrison, AR, reported big jumps in revenue and earnings for the fourth quarter and all of last year.
For the quarter, operating revenue was nearly $306.5 million, up 20.1 percent from nearly $255.2 million for the same period in 1998. Operating income was nearly $27.3 million, up 53 percent from $17.8 million for the quarter ended Dec. 31, 1998.
For the year ended Dec. 31, 1999, operating revenue was nearly $1.17 billion, up 18.3 percent from $986.3 million. Operating income was nearly $94.4 million, up 56.7 percent from 1998 operating income of $60.2 million.
Management attributes the improved earnings — which occurred throughout the year — to service and productivity improvements and strong demand for less-than-truckload service that resulted in favorable pricing.
The company reported strong customer acceptance of American Flyer, its new standard service that provides next-day deliveries of as much as 600 miles and second-day deliveries of as much as 1,500 miles.
More Drivers
FDA Eases Path for Oral-Fluid Testing
Federal actions could advance oral-fluid drug testing for truck drivers, but lab certification delays and marijuana rescheduling questions remain.
Read More →
Why Hiring Truck Drivers Is Getting Harder
Higher recruiting costs, a shrinking driver pool, and renewed pay competition are raising the stakes for fleets heading into 2027.
Read More →
Roehl Offers Truck Drivers $10,000 Retention Incentive
Payments begin after the first load and continue in mileage-based installments for eligible experienced drivers joining the fleet.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →