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The latest Truck brokers News & Analysis
Economic Signs Point to Logistics Acquisitions
William B. Cassidy |
A wave of acquisitions could hit the U.S. trucking and logistics industries in 2011 as the economy slowly improves and cramped companies look to expand.
Trucking News
LTL
Truck brokers
Court Clears Trucking Safety Program Launch
William B. Cassidy |
The U.S. Court of Appeals in Washington cleared the Department of Transportation to launch its CSA 2010 trucking safety program as early as this weekend, denying a request for a delay.
Trucking News
Transport, Trade and Regulation News
LTL
Truck brokers
2010 Dedicated Contract Carriers
JOC Staff |
A.C. TRUCKING 405 S. VASCONCELLOS ST., MANTECA, CA 95336 Contact: Albert Nunes, President Phone: 209-823-3224, 800-583-7677 Fax: 209-823-6552
Trucking News
LTL
Truck brokers
Trucking Dashboard
JOC Staff |
Freight shipping demand slowed in the third quarter, but many of the nation’s largest trucking companies improved their bottom lines by carefully matching capacity to demand and better utilizing
Trucking News
LTL
Truck brokers
Pitt Ohio Express Rebrands as Boundaries Expand
William B. Cassidy |
Pitt Ohio Express is changing its name and its brand to reflect a broader business that goes "beyond the road" and the company's less-than-truckload roots.
Trucking News
LTL
Truck brokers
Brown Trucking Buys West Brothers
William B. Cassidy |
Southeastern short-haul carrier Brown Trucking acquired West Brothers' Companies, expanding its capacity and adding new lines of business.
Trucking News
LTL
Truck brokers
Con-way Loses $8.2 Million in Third Quarter
William B. Cassidy |
Higher costs helped push trucking and logistics giant Con-way back into the red in the third quarter, as a second-quarter surge in truck demand faded.
Trucking News
LTL
Truck brokers
USA Truck Reports Smaller Profit, Rising Costs
William B. Cassidy |
Truckload operator USA Truck reported a profit for the second straight quarter, though its net income slipped by a third from the second quarter to $586,000.
Trucking News
LTL
Truck brokers
Trucking labor
Vitran Profit Leaps 566 Percent
Thomas L. Gallagher |
Vitran, a Toronto-based transportation and supply chain firm, increased profit 566 percent to $2 million in the third quarter as higher revenue and reduced debt payments eliminated an operating loss t
Trucking News
LTL
Truck brokers
C.H. Robinson Profit Hits Record $102.6 Million
JOC Staff |
C.H.
Trucking News
Truck brokers
Billings Rise 13 Percent for Truck Brokers, 3PLs
William B. Cassidy |
Freight brokers and logistics companies increased sales in the second quarter, despite tight capacity, the Transportation Intermediaries Association said.
Trucking News
Truck brokers
UTi Worldwide Profit Soars 60 Percent
Thomas L. Gallagher |
Logistics provider UTi Worldwide earned net profit of $18.9 million in the second quarter, up 60 percent from $11.8 million a year ago.
Transport, Trade and Regulation News
Truck brokers
Truck Tonnage Climbs 7.4 Percent in July
Joseph Bonney |
Truck tonnage rose 7.4 percent in July, the eighth consecutive month of year-to-year increase, the American Trucking Associations reported.
Trucking News
LTL
Truck brokers
Greatwide Names Ellison Group President
JOC Staff |
Freight broker Greatwide Logistics Services named Tyler Ellison, a veteran of two of the country’s largest trucking operators, to the new post of group president for transportation management and corp
Trucking News
Truck brokers
Canada Truck Freight Index Falls 19 Percent
JOC Staff |
An index of Canadian trucking activity fell 19 percent in July from the month before, freight services provider TransCore said Monday, but the decline was in line with seasonal shipping patterns.
Trucking News
Truck brokers
USA Truck, BNSF Railway Sign Intermodal Pact
William B. Cassidy |
USA Truck is rebounding from the recession and expanding its fast-growing intermodal business. The dry-van truckload carrier said Aug.
Trucking News
Truck brokers
North-American rail
Former BAX Chief Joins MIQ Logistics
William B. Cassidy |
Former BAX Global leader Joey Carnes this week became chairman and CEO of MIQ Logistics, where he'll work with former BAX hand John Carr, president and COO.
Transport, Trade and Regulation News
LTL
Truck brokers
Sunteck Transport Parent Improves Sales, Profit
William B. Cassidy |
Non-asset logistics operator AutoInfo increased revenue from transportation services 57.8 percent from a year ago to $69.1 million in the second quarter.
Trucking News
Truck brokers
Roadrunner Revenue Rises on Trucking, Logistics
William B. Cassidy |
Roadrunner Transportation Services reported a 32.9 percent gain in revenue in the second quarter, but costs associated with the retirement of debt cut into earnings.
Trucking News
LTL
Truck brokers
Panther Expedited Launches $100 Million IPO
William B. Cassidy |
Panther Expedited Services, the second largest expedited transportation company in the U.S. by revenue, plans an initial public offering worth up to $100 million.
Trucking News
Truck brokers
Con-way Profit Slides 56 Percent on Weak LTL Returns
JOC Staff |
Trucking and logistics operator Con-way said its net profit fell by more than half in the second quarter to $13.9 million as earnings plunged in the core less-than-truckload operations despite improvi
Trucking News
LTL
Truck brokers
Echo Global Logistics Volume Soars, Profit Spikes
William B. Cassidy |
Echo Global Logistics increased sales 82.3 percent from a year ago, as spot market and contractual brokerage and logistics revenue soared in the second quarter.
Trucking News
Truck brokers
Truck Tonnage Slips 1.4 Percent
William B. Cassidy |
Seasonally adjusted truck tonnage declined for the second consecutive month, supporting claims the economy is slowing, the American Trucking Associations said.
Trucking News
LTL
Truck brokers
Trucking labor
Acquisitions, Stock Sales Boost Universal Truckload
William B. Cassidy |
Acquisitions and higher freight demand helped Universal Truckload Services increase sales 28.7 percent in the second quarter to $154.3 million, the carrier said Friday.
Trucking News
Truck brokers
C.H. Robinson Net Profit Grows to $97.2 Million
JOC Staff |
Third-party logistics operator C.H.
Trucking News
Truck brokers
Truckload Demand Pushes Landstar Profit Up 36 Percent
JOC Staff |
Landstar System expanded its profit 36 percent in the second quarter to $24.4 million with a record number of truckload moves and said it expects to maintain a strong recovery in demand through the th
Trucking News
Truck brokers
Trucking labor
Slowdown Won’t Brake Truck Rate Hikes, Analysts Say
William B. Cassidy |
Truckload capacity is so tight that even a slowing economy is unlikely to dampen rate hikes this summer, according to investment research firm R.W. Baird.
Trucking News
LTL
Truck brokers
More LTL Truckers Looking to Freight Brokers
William B. Cassidy |
Trucking companies that once kept third-party logistics providers at arm’s length are pulling them in for a closer embrace as they seek new sources of freight.
Trucking News
LTL
Truck brokers
YRC Sells Part of Logistics Unit for $37 Million
John D. Boyd |
Struggling less-than-truckload giant YRC Worldwide said it will sell part of its YRC Logistics operation for $37 million to private equity investor Austin Ventures and partner with that firm on some o
Trucking News
LTL
Truck brokers
Con-way Freight Cuts Deal with Cat Logistics
William B. Cassidy |
Con-way Freight is expanding its work for Caterpillar Logistics Services, the logistics arm of heavy equipment maker Caterpillar, to cover trucking in more than half the United States as well as busin
Trucking News
LTL
Truck brokers
YRC Worldwide Reaches Out to Brokers
William B. Cassidy |
The nation's largest trucking operator, YRC Worldwide, is forging closer relationships with third-party logistics providers as it tries to rebuild its business.
Trucking News
LTL
Truck brokers
Truckload Carriers Using Brokers Less, Survey Finds
William B. Cassidy |
Truckload carriers are becoming less reliant on brokers as freight volume recovers from the recession, according to a survey by Transport Capital Partners.
Trucking News
Truck brokers
Senate Bill Targets Broker Fraud
JOC Staff |
A bipartisan Senate bill aimed at defending businesses from fraudulent freight brokering schemes is being backed by independent truckers and freight brokers.
Trucking News
LTL
Truck brokers
Trucking Capacity Gets Tight in Southeast
William B. Cassidy |
Truckload capacity is tightening in the U.S. Southeast at a greater rate than other portions of the country, according to Longbow Research.
Trucking News
Truck brokers
Truck Accident Lawsuits Squeezing 3PLs, Shippers
William B. Cassidy |
Shippers and freight brokers are facing a “landslide” of lawsuits related to truck accidents, says Tucker Company Worldwide President Jeffrey Tucker.
Trucking News
Transport, Trade and Regulation News
Truck brokers
Pacer Adds New Senior Managers
Bill Mongelluzzo |
Pacer International, in the second round of major management changes in the last three months, announced new executive changes as the intermodal and logistics services provider transforms from primari
Intermodal providers
Trucking News
Truck brokers
Truck Tonnage Rose 9.4 Percent in April
William B. Cassidy |
Truck tonnage climbed to its highest level since September 2008, the brink of the financial crisis that precipitated the recession, a trucking industry index shows.
Trucking News
LTL
Truck brokers
Truckload Demand Strong But Slowing
William B. Cassidy |
The pace of recovery is slowing for truckload carriers, as truck capacity stabilizes at a lower level, according to the May 28 Morgan Stanley Truckload Freight Index.
Trucking News
Truck brokers
Brokered Truck Rates Slip
William B. Cassidy |
Trucking yield and rates aren't rising as quickly as demand despite a surge in freight volume on highways in the first quarter, according to new figures on the trucking market.
Trucking News
Truck brokers
ODFL Opens International Command Centers
William B. Cassidy |
Trucking company Old Dominion Freight Line expanded its international freight forwarding business, opening four regional command centers to guide shipments through its domestic and global networks.
Trucking News
LTL
Truck brokers
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