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Trucking and parcel delivery provider FedEx has released second quarter fiscal earnings showing gains in both revenue and profit. FedEx is increasing its forecast of full-year earnings per share growth to 8% to 14% above last year's adjusted results.
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New housing starts in the United States during November surged 22.7% higher than the October rate, hitting its best level in five-years, according to new figures released by the U.S. Commerce Department.
Read More →One of the world’s largest private investment firms says it plans to sell its $2 billion stake in the truckstop chain Pilot Flying J.
Read More →Just released figures show deliveries from the Volvo Group’s truck operations in November 2013 amounted to 20,356 vehicles. This is an increase of 16% compared to the same time a year ago.
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Spot market freight activity continued picking up steam the second week of December, following some improvements the week before as well as in November.
Read More →The Teamsters Union is saying Sysco's acquisition of US Foods announced last week raises serious concerns for workers, stakeholders and customers as the combined company becomes the country's largest institutional/restaurant food service provider and one of the nation’s largest private truck fleets.
Read More →AmpCNG (formally known as AMP Americas) announced that it has signed a deal with Venture Logistics to build CNG fueling infrastructure at an existing gasoline station in Lafayette, Ind.
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The Goodyear Tire & Rubber Co. has added a new Commercial Tire & Service Center to its network in Tulsa, Okla., expanding its offerings in the state.
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Truckload carriers are raising their rates to cover increased costs from the new hours-of service rule, but not enough to keep up with the estimated loss of productivity, says Mark Montague of DAT, the load matching and analytic services company.
Read More →Jacobs Vehicle Systems has announced the retirement of Bob Perkins after nearly 29 years of service. Perkins began his career at Jacobs in 1985 as a Product Manager.
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