Less-than-truckload companies re- ported mixed results in the third- quarter as the carriers battle lower tonnage and shipments compared with a year ago.
October 31, 2016Business, Logistics
XPO Logistics Sells Truckload Business to TransForce for $558 Million
XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10 companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
October 27, 2016Business
September Tonnage Dips 0.7%; First Year-Over-Year Drop in 2016
Truck tonnage in September continued to reflect a sluggish freight market, down 0.7% from the same month a year ago, reversing an August uptick and marking the first year-over-year decline in the American Trucking Associations index since October 2015.
October 24, 2016Business
FedEx Strikes Deals to Expand E-Commerce Services
FedEx Corp. made several moves in recent weeks to build its national and international services, particularly in the growing e-commerce sector, through investments and partnerships.
October 21, 2016Business
Werner, Forward Air Post Double-Digit Declines in 3Q Profit; Marten, TransForce Report Gains
Several truckload carriers reported earnings Oct. 20, with two U.S. companies posting profits that fell double-digits from a year ago and another eking out a small improvement for the third quarter.
October 21, 2016Business, Logistics
Hanjin Bankruptcy Hurts Long Beach, But Doesn't Impact Other US Ports in September
The Hanjin Shipping Co. bankruptcy hit the Port of Long Beach hard, but spared most others from year-over-year losses in ocean container traffic, based on port statistics released for September.
October 19, 2016Business, Technology
Carriers Must Leverage Technology, Data to Improve Profitability, Supplier Execs Say
LAS VEGAS — More trucking companies will become efficient and profitable if they embrace new technology and “big data” analysis of industry trends, two technology executives told an audience here Oct. 4 at American Trucking Associations’ Management Conference & Exhibition.
October 17, 2016Business
Trading Briefly Suspended on Covenant Stock After Dismal Earnings Forecast
Trading of stock in Covenant Transportation Group was suspended Oct. 13 for about 30 minutes after CEO David Parker announced that third-quarter earnings could be more than 50% below the consensus from analysts.
October 13, 2016Government, Business, Technology, Equipment
E-Logs Tops ATRI Survey Of Critical Industry Issues
LAS VEGAS — The American Transportation Research Institute said the top concern for truckers is the use of electronic logging devices.
October 10, 2016Special Coverage, Government, Business, Technology, Equipment
ELD Mandate Soars to No. 1 on ATRI's Top 10 List of Critical Issues
LAS VEGAS — The American Transportation Research Institute released its annual top 10 list of critical issues affecting the trucking industry on Oct. 3 at the Management Conference & Exhibition. It also announced a new app with the National Association of Truck Stop Owners to address one of those issues: parking.
October 6, 2016