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Asset-light trucking company Landstar System has reported a second quarter downturn in profit and business but expects a pickup in the current quarter.
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Less-than-truckload carrier Old Dominion Freight Line has reported a big boost in profit and business for the second quarter of the year as well as the first half of 2013.
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The Teamsters Union and UPS Freight have agreed to an extension of the current UPS Freight National Agreement in order to give the parties time to continue negotiations. This means that the current agreement will remain in place until the agreement has been revoted and accepted by the members.
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Arkansas-based USA Truck announced improved year-over-year financial results for the second quarter of the year, with an 7.7% increase in revenue and a lower net loss than the same time last year.
Read More →The year began below what many companies had expected, though economic growth, the aftermath of winter storms and new housing starts made for a fairly strong Q2. In fact, many of the up-and-coming freight brokerages reported banner months in Q2 as their strategies took market share from competitors and they grew the overall size of the brokerage market.
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Fleet interest in air disc brakes is growing, Meritor says, but time-tested and trusted drum brakes will dominate the market for some time to come.
Read More →Jacobs Vehicle Systems, a manufacturer of heavy-duty diesel engine retarding systems and valve actuation mechanisms, announced that Sergio Sgarbi was appointed President effective July 22 after completing his three month immersion process.
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DAT reports from July 7-13 the number of loads increased in the U.S. by 2.7% compared to the previous seven days, however, two out of three sectors showed a drop in number of loads to trucks.
Read More →At the beginning of 2013, an estimated 844,000 veterans were unemployed and looking for work, including 252,000 post 9/11 veterans. According to the White House report, “Fast Track to Civilian Employment,” there is somewhere between 240,000 to 360,000 service members who separate from the military each year. A million more are expected over the next several years.
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The truckstop chain Pilot Flying J has revised a settlement it reached last week with eight trucking companies that filed suit against it earlier this year over claims it cheated them out of fuel rebates and discounts.
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