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trucking news
Trucking News
Discover comprehensive trucking news and trends with Journal of Commerce - from trucking LTL to regulation and trucking supply and demand.
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LTL
Truck brokers
Trucking labor
Truckload
Flatbed
The latest
Trucking News
& Analysis
Trucker Saia Loses $6.3 Million
JOC Staff |
Regional trucking specialist Saia announced a new round of cost reductions Friday after reporting a $6.3 million loss in a first quarter marked by declining demand and falling prices.
Trucking News
LTL
YRC Loss Rises to $257 Million
William B. Cassidy |
Trucking giant YRC Worldwide lost $257.4 million in the first quarter as shipment volumes dropped at its carriers and throughout the less-than-truckload industry.
Trucking News
LTL
Con-way Loses $154 million in First Quarter
John Gallagher |
Transportation and logistics giant Con-way lost $154 million in the first quarter, including a goodwill impairment charge of $134.8 million, as a result of intense price competition and plummeting dem
Trucking News
LTL
Old Dominion Profit Dives 62 Percent
Marcy Frank |
First-quarter profit at Old Dominion Freight Line dropped nearly 62 percent as weakening demand and lower prices took their toll on the multi-regional LTL carrier’s profits.
Trucking News
LTL
Hub Group Profit Plunges 52.6 Percent
Thomas L. Gallagher |
Hub Group profits in the first quarter plunged 52.6 percent to $6.2 million as volumes decreased and costs remained high.
Rail News
Truck brokers
UPS Freight Profit Takes Hit
John Gallagher |
Profit at UPS Supply Chain and Freight, which includes the express parcel carrier’s heavy package, less-than-truckload division, plunged 64.6 percent to $40 million in the first quarter as trans
Trucking News
LTL
Knight Increases Profit in First Quarter
John Gallagher |
Truckload carrier Knight Transportation increased its profit 2.9 percent in the first quarter to $11.7 million, with strong brokerage and refrigerated business offsetting steep declines in core trucki
Trucking News
USF Holland Shuts Down Five More Terminals
John Gallagher |
YRC Worldwide regional less-than-truckload carrier USF Holland closed terminals, including its Holland, Mich. terminal, due to weak freight demand.
Trucking News
LTL
Ryder Net Falls 88 Percent
Marcy Frank |
Trucking and logistics management company Ryder System on April 22 reported an 88 percent plunge in first-quarter earnings as the recession and falling cargo volume spread to its fleet management busi
Trucking News
Trucker Vitran Loses $2.4 Million
Thomas L. Gallagher |
North American trucking and logistics firm Vitran reported a net loss of $2.4 million on revenue of $139.6 million for the quarter ended March 31, 2009.
Trucking News
LTL
Truck brokers
ABF Loses $29 Million in First Quarter
John Gallagher |
Less-than-truckload giant Arkansas Best lost $29 million in the first quarter due to plummeting freight demand and falling rates pared down by intense competition.
Trucking News
LTL
C.H. Robinson Profit Dips Only 1 Percent
John Gallagher |
C.H. Robinson’s net income decreased 1.1 percent to $85.4 million in the first quarter as its non-asset based business model helped offset weak demand and highly competitive truck rates.
Trucking News
LTL
Truck brokers
Refrigerated Trucker's Profit Soars
John Gallagher |
Marten Transport profit jumped 52.8 percent to $4.1 million in the first quarter despite falling revenue in the stalled economy.
Trucking News
FedEx Wins Independent Contractor Ruling
John Gallagher |
An appeals court found that FedEx Ground drivers at two Massachusetts terminals were independent contractors instead of employees and therefore outside the jurisdiction of the National Labor Relations
Trucking News
Air Cargo Forwarder News
Caterpillar Sees First Loss in 17 Years
Thomas L. Gallagher |
Caterpillar lost $112 million in the first quarter after a restructuring charge of more than half a billion dollars.
Trucking News
Forward Air Posts $3.1 Million Loss
JOC Staff |
Forward Air lost $3.1 million in the first quarter as the company saw accelerating declines in its core air freight trucking volume and took an impairment charge to meet the deteriorating market.
Air Cargo
Trucking News
LTL
Court Dismisses Cross-Border Truck Lawsuit
John Gallagher |
The Ninth Circuit Court of Appeals dismissed a lawsuit filed by the Owner-Operator Independent Drivers Association, the Teamsters Union, Public Citizen and others against the U.S.
Trucking News
YRC, Banks Agree to Pension Deferral
John Gallagher |
YRC Worldwide and its lenders finalized a credit agreement April 20 that allows the financially troubled trucking giant to defer pension payments from August until Jan.1 and use the company's rea
Trucking News
LTL
Trucking labor
Diesel Slips to $2.221 per Gallon
Thomas L. Gallagher |
The average retail price of diesel fuel fell eight-tenths of a cent last week to $2.221 per gallon, according to the U.S. Energy Information Administration.
Trucking News
Eaton’s Truck Segment Loses $34 Million
John Gallagher |
Falling truck parts sales dragged down financial performance at industrial equipment manufacturer Eaton Corp., which lost $52 million in the first quarter.
Trucking News
LTL, rail prices could be first to hit shippers when economy bounces back
John Gallagher |
Few are bold enough to predict an economic turnaround in 2009, but some believe there are signs some shippers may be paying more for capacity before the year is out.
Trucking News
Time to Buy?
John Gallagher |
Few trucking companies have the financial artillery to seek and acquire rivals as demand falls and capacity-rich customers drive down rates, but Arkansas Best is one of them.
Trucking News
Trucking Through a Trade War
John Gallagher |
The simmering trade war between the United States and Mexico hasn’t proved a roadblock to U.S. carriers that want to move more freight across the border.
Trucking News
LTL
Ports Take LNG View
Bill Mongelluzzo |
Harbor truckers in Southern California are proving resilient, purchasing more than 3,500 clean-diesel vehicles since the Los Angeles-Long Beach clean-trucks programs were launched last October.
Trucking News
Old Dominion Relocates Denver Service Center
JOC Staff |
Old Dominion Freight Line relocated a service center in Denver to improve efficiency and reduce handling.
Trucking News
LTL
Canadian Trucks Get Bigger
John Gallagher |
Ontario, Canada will begin a pilot program this summer to assess the benefits of pulling two 53-ft. trailers behind one cab.
Trucking News
Werner Sees Truckload Pickup
JOC Staff |
Werner Enterprises says a tough first quarter ended with an upturn in shipping demand that carried over into April.
Trucking News
Demand for Truck Parts to Grow
John Gallagher |
The aftermarket for medium and heavy duty truck parts will increase 3.8 percent annually to $17.1 billion in 2013 partly as a result of carriers placing heavier demand on fleets during the current rec
Trucking News
USA Truck Loses on Low Volume
John Gallagher |
USA Truck lost $1.88 million in the first quarter as a result of a heavy decrease in volume due to the slowing economy and customer inventory reductions.
Trucking News
Truck Maker Navistar CFO Dies
JOC Staff |
Terry M. Endsley, the chief financial officer and a board member of truck manufacturer Navistar International, died April 14 of cancer, the company announced.
Trucking News
Heartland Profit Withstands Trucking Downturn
John Gallagher |
Truckload carrier Heartland Express remained profitable in the first quarter despite a 22.8 percent drop in revenue and sinking demand for freight capacity.
Trucking News
French Ports Reopen
Bruce Barnard |
London -- French fishermen lifted their two day blockade of three northern French ports early today, April 16, freeing several hundred stranded trucks in Britain and France to board freight ferries.
Maritime
Trucking labor
Landstar Profit Falls 41 Percent
John Gallagher |
Landstar System's net profit fell 41.4 percent and revenue declined 22.9 percent in the first quarter as slack demand for truck capacity staggered the non-asset based trucking and brokerage comp
Trucking News
Truck brokers
UK - France Truck Traffic Faces Total Shutdown
Bruce Barnard |
London -- Trucking between the UK and France risks total shutdown starting April 16 as French fishermen threatened to extend their blockade of ports to the cross channel tunnel.
Maritime
LTL
Trucking labor
Canacar Alleges Violation of NAFTA
R.G. Edmonson |
The Mexican trucking trade group Canacar filed a notice of arbitration against the United States, alleging that cancellation of the cross-border trucking pilot program violated the North American Free
Trucking News
J.B. Hunt Profit Falls 16 Percent
JOC Staff |
J.B.
Trucking News
Diesel Nearly Flat at $2.229
Thomas L. Gallagher |
The average retail price of diesel fuel went up one-tenth of a cent last week to $2.229 per gallon, according to the U.S. Energy Information Administration.
Trucking News
Brokers Ride a Roller Coaster
John Gallagher |
Truck brokers tapping the $160 billion 3PL market appear to be adjusting to and recovering from overcapacity and scarce freight faster than their customers.
Trucking News
Truck brokers
YRC Seeks Millions in Pension Payment Deferrals
John Gallagher |
YRC Worldwide is looking to defer millions of dollars worth of payments into Teamster union pension funds to help prop up the company’s cash reserves as it struggles to improve its finances in t
Trucking News
LTL
Trucking labor
Mexico Wants Bigger Truck Plan
R.G. Edmonson |
Mexican officials want a cross-border truck program that goes beyond the pilot program that the Bush administration launched in 2007, according to Bloomberg.
Trucking News
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