In an effort to attract and retain truck drivers, Southern Refrigerated Transport and KLLM both announced major per-mile pay increases.
Two major trucking companies on Monday announced huge increases in their earnings for the final quarter of 2017 and for all of last year, both due to changes made by Congress in federal tax laws.
Three trucking fleets issued their third quarter earnings reports on Thursday, with two showing profits increasing significantly from the same time a year earlier, while the third was healthy but nearly the same as it was a year earlier.
Southern Refrigerated Transport announced a new compensation package for its drivers that includes new pay increases and increased paid vacation time.
Billy Cartright has joined the executive team at Southern Refrigerated Transport, filling the role of senior vice president of administration at the company.
Profit for the Tennessee-based parent to Covenant Transport plummeted in the third quarter, while Landstar System recorded only a 7.6% decline, according to numbers released late Wednesday afternoon.
Covenant Transportation Group Inc. has lowered expectations for its second quarter earnings report due to the current freight market as well as internal issues it’s facing.