The Journal of Commerce Truckload Capacity Index rose unexpectedly in the third quarter to a four-year high, but that doesn’t mean more tractor-trailers rolled onto highways and up to shipper docks. Instead, the leap in the index reflects a gathering concentration of capacity at the top of trucking’s food chain, as larger motor carriers acquire and absorb smaller companies to secure drivers, equipment and freight revenue.
12 Nov 2013
Heartland Express, one of the most profitable truckload carriers in the nation, acquired fast-growing Gordon Trucking for $300 million in cash, assets and debt.
22 Oct 2013
10 Oct 2013
Hub Group has lowered its expectations for the third quarter of 2013 to a range of 48 to 51 cents diluted earnings per share.
08 Aug 2013
Swift Transportation, the nation’s largest truckload carrier, expanded its refrigerated freight business by acquiring Cen
25 Jul 2013
Swift Transportation today reported its profit in the second quarter of 2013 was $42.9 million, jumping 27.4 percent from $33.7 million in the same quarter in the previous year.
24 Apr 2013
Swift Transportation reported its profit in the first quarter of 2013 was $23.3 million, compared with $6.2 million in the first quarter of 2012.
24 Jan 2013
Phoenix-based regional truckload carrier Swift Transportation reported profit in the fourth quarter of 2012 was $46.9 million, jumping 27.3 percent from $36.8 million in the fourth quarter of 2011.