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Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.
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A measure of truckload rates shows it hitting an all-time high in March, increasing 5.1% from the same time a year ago.
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Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.
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More than $1 million in public grants has funded 23 compressed natural gas trucks and a new Trillium CNG fueling station in Pottsville, Pa., set to open on Earth Day.
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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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