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Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.
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National average spot truckload rates drifted down during the week ending April 18 compared to the previous week, according to new figures from DAT Solutions and its network of load boards.
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AB Volvo’s board of directors has named a Scania executive, Martin Lundstedt, as the president and chief executive officer of the Volvo Group, replacing Olof Persson, who has led the group for almost four years but is out immediately. Volvo Group is the corporate parent of Volvo Trucks and Mack Trucks in North America.
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American Trucking Associations’ For-Hire Truck Tonnage Index increased by 1.1% in March marking the 5th monthly increase in the past 6 months.
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NationaLease announced an agreement with Decisiv to provide its customers with fleet tracking and reporting capabilities. The maintenance platform will be called NationaLease Fleet 20/20.
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The Federal Motor Carrier Safety Administration is still seeking volunteer truck drivers for its 34-hour restart study.
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Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.
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Paccar Inc. reported first quarter earnings of $378.4 million, a 38% gain from the same time a year ago, while net sales and financial services revenue increased 10% to $4.83 billion.
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The U.S. Environmental Protection Agency recognized Penske Truck Leasing and Sonoma County Fleet Operations as two of the seven winners of its Clean Air Excellence Award.
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Following some gains in oil prices over the past week, the average cost of on-highway diesel has recorded the first increase in its nationwide average cost in six weeks, according to new U.S. Energy Department figures.
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