Heartland Express has acquired Wisconsin-based dry van truckload carrier Millis Transfer for a value of approximately $150 million, the company announced.
First-quarter 2019 GDP grew at 3.2%, and the latest guess about the second quarter is 1.7%. That latter number is a disappointment for sure, but it is not a negative, says longtime trucking economic analyst Noel Perry. But what about freight?
The annualized turnover rate at large truckload carriers and less-than-truckload carriers increased in the second quarter of 2018, according to the American Trucking Associations’ Trucking Activity Report.
The turnover rate at large truckload carriers increased in the first quarter of 2018, reflecting how fleets are struggling to retain and recruit new drivers as freight demand rises.
U.S. Xpress has officially launched its initial public offering of more than 18 million shares, expected to carry an $18-$20 price per share.
U.S. Xpress just announced it's going public, after several years of transition to a new management team. HDT Editor in Chief Deborah Lockridge visited last year and spoke to Eric Fuller and Lisa Quinn Pate, who are following in the footsteps of their fathers, who founded the company.
After more than a decade as a privately held company, Chattanooga, Tennessee-based U.S. Xpress Enterprises has filed the paperwork for an initial public offering.
Freight rates for truckload linehaul and intermodal movements continued showing great strength in February, according to figures released Wednesday from one freight payment processor.
Greg Orr has been promoted to president the North American full truckload carrier CFI, replacing previous president Tim Staroba.
Truckload linehaul rates appear to be stabilizing, while intermodal rates continue moving higher but at a slower pace, according to two new reports.