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Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.
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Cummins reported its third quarter revenue was $4.9 billion, a 15% increase from the third quarter of last year. Stronger demand for on-highway markets and distributor acquisitions in North America was a significant factor in revenue growth.
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Heavy Duty Trucking announced its second annual Top 50 Green Fleets at the Green Fleet Conference in Schaumburg, Ill., Thursday. A ceremony was held at the conference to honor these fleets for their sustainability efforts in areas such as fuel economy, alternative fuels and emissions.
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One of the broadest measures of the health of the American economy shows it expanded at an annual rate of 3.5% in the third quarter of the year.
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Revenue for the quarter increased 10.5% to $193.4 million from $175.1 million a year earlier. Freight revenue, which excludes fuel surcharges, increased 11.1% to $157.7 million.
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The trucking operation Con-way Inc. has reported 2014 third-quarter net income of $45.6 million, or 78 cents per diluted share.
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The Erie Canal, Hoover Dam, the Golden Gate Bridge, the Interstate Highway System – all were built by men of vision, but today Congress lacks enough such people to rebuild America’s worn and aging infrastructure, said former Transportation Secretary Ray LaHood, calling for a 10-cent-a-gallon increase in the fuel tax.
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According to the first-hand accounts presented at the Green Fleet Conference & Expo in Schaumburg, Ill., integrating natural gas trucks into previously diesel-only operations has gone surprisingly well.
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Hot Line Freight System is opening two new terminals in Ohio and Illinois will expand shipping opportunities for the surrounding areas bringing less-than-truckload service to the Midwest.
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Pilot Flying J is leasing six locations from Speedway to expand its network of stores in Virginia. The stores will be Pilot branded and operated in conjunction with Speedway.
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