Trucking News

Swift Transportation reported its net income in the fourth quarter of 2013 plummeted 17.2 percent year-over-year to $45.3 million...

With its new Teamsters contract in hand, YRC Worldwide launched a $300 million debt-for-equity exchange today, the next step in a major debt reduction and refinancing program.

When YRC Worldwide’s Teamsters employees approved a five-year contract Jan. 26, they gave the struggling company more than just concessions needed to refinance $1.36 billion in debt and avoid bankruptcy. They gave the $4.9 billion trucking operator the chance to break free of a cycle of short-term crises and “reset” its business.

YRC Worldwide’s Teamsters employees approved a five-year contract by a wide margin this weekend, giving the struggling trucking operator concessions needed to refinance $1.36 billion in debt.

Forward Air has agreed to acquire Central States Trucking and Central States Logistics from Central States Inc. for $95.6 million.

This weekend, about 26,000 YRC Teamsters will visit union halls across the country to vote on the second proposed contract aimed at extending wage and pension benefit concessions. Their vote will determine whether YRC Worldwide has a shot at refinancing $1.36 billion in long-term debt.

J.B. Hunt Transport Services reported record profit of $92 million in the fourth quarter of 2013, up 9.4 percent year-over-year from $84 million...

Last year may not have been a boom year for the U.S. economy in general, but in terms of truck tonnage, 2013 was anything but a bust.

Despite the noise from winter storms, holiday backlogs and an early Chinese New Year, there are signs that higher manufacturing activity is boosting freight demand and transport revenue, speakers say at SMC3's JumpStart 2014 conference.

Shippers have a new way to book less-than-truckload freight and compare LTL truck rates — an online LTL spot rate marketplace launched by uShip and 16 asset-based LTL carriers.

Three shippers discuss what they expect in 2014.

Federal regulators are set to gain new authority to shut down unsafe trucking operators and pursue trucking officials with a history of "egregious" violations.

The Teamsters union and YRC Worldwide reached a tentative contract agreement Friday that must be reviewed by local union leaders before being put to a vote.

Positive train control, improved mass rail transit safety and eliminating driver distration were among the ten top transportation safety improvements the National Transportation Safety Board wants to see advance in 2014.

Trucking and logistics giant Con-way expects fourth-quarter earnings to be flat with year-ago results, citing problems at less-than-truckload carrier Con-way Freight and Menlo Worldwide Logistics.

The International Brotherhood of Teamsters wants YRC Worldwide to offer “meaningful improvements” in any contract proposal that replaces the one defeated by rank-and-file members last week.

Federal regulators this year will apply lessons learned in a massive bus safety crackdown to root out unsafe trucking companies and shut them down.

YRC Worldwide said it will revise its failed contract proposal, rather than put the proposal to a second vote. The company is in discussions with Teamsters union leaders.

A split sleep pilot project slated for 2014 could pave the way for more flexible hours of service rules, FMCSA Administrator Anne S. Ferro told the Transportation Research Board.

Shippers that detain drivers at loading or unloading docks or terminals could become targets of federal truck safety regulators.

YRC Worldwide CEO James Welch urged employees “to stay focused on providing the best possible customer service” as the company works “diligently to explore all options available” after YRC Teamsters rejected the company’s contract proposal.

UPS Freight Teamsters approved a new five-year contract last weekend that raises wages but gives the LTL carrier some flexibility to subcontract line-haul work.

If it hopes to survive as a company, YRC Worldwide needs to act quickly after Teamsters employees rejected extended wage and benefit concessions the trucking operator’s lenders made a prerequisite for refinancing $1.36 billion in debt.

At a recent supply chain conference, Bradley S. Jacobs heard a “financially compelling” case for investing and doing business in his country from former Mexican President Felipe Calderón. “Mexico is positioning to chip into China’s status as one of our major trading partners,” said the chairman and CEO of XPO Logistics.

YRC Teamsters decisively rejected proposed concessions, casting the company's ability to refinance $1.4 billion in debt before it comes due into doubt.

With technology seeming to increase in sophistication by the month, logistics companies are poised to play an even more bigger role in the shipment of goods in North America and worldwide. This will prompt third-party logistics providers to work out new — and improved — relationships with companies that own freight-moving assets.

As the Federal Motor Carrier Safety Administration prepares to expand its rulebook in 2014, others are scrutinizing the agency’s playbook.

YRC Worldwide and creditors led by Credit Suisse reached an agreement to refinance $1.15 billion in long-term debt due in 2014 and 2015, if the trucking giant's Teamsters employees agree to extend wage and benefit cuts.

A long-awaited rule on a CSA-based safety fitness rating system for trucking companies is one of many trucking regulations slowly moving through the federal pipeline.

New order placement for Class 8 trucks in North America surged in December.

More midsize and smaller shippers will have access to intermodal rail following the acquisition of Pacer International by XPO Logistics, a move that will push truck freight brokerage toward a more multimodal model.

XPO Logistics will buy intermodal giant Pacer International for approximately $335 million, expanding its reach into new freight markets.

Trucking companies such as NEMF and UPS Freight closed terminals in the path of Winter Storm Hercules, but prepared to move freight quickly once the blizzard passed and roads and businesses reopened.

CRST International started 2014 by acquiring BESL Transfer, a flatbed trucking company in Cincinnati. Terms of the transaction were not disclosed.

The deadline is drawing near for a Teamster vote that could decide the fate of $4.9 billion trucking operator YRC Worldwide by deciding whether to extend wage and benefit cuts an additional four years through 2019.

If truckload capacity is getting tighter on America’s highways, it’s not pinching XPO Logistics. The fast-growing freight brokerage and logistics business sees truck capacity pretty much in balance nationwide, despite warnings that trucking’s supply-demand “equilibrium” is getting closer to its breaking point.

The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration has declared two Walterboro, S.C.-based trucking companies...

Roadrunner Transportation Systems has promoted Brian van Helden to the role of chief operating officer.

TransForce today agreed to acquire Vitran for approximately $136 million, including $29 million in debt.

A bidding war is on for the Canadian trucking business of Vitran, as TransForce counters an offer from Manitoulin Transport. The contest for Vitran is part of a larger battle to consolidate trucking operations in Canada being waged by companies such as TransForce and Manitoulin.