Celadon to Record Impairment Charge in Review of Company’s Value
Celadon will record a goodwill impairment charge up to $62.4 million before taxes as part of a review into the company’s value after questions arose about how it valued used trucks transferred to a joint venture last year.
July 3, 2017Car Hauler Jack Cooper Enterprises Averts Chapter 11 Bankruptcy
Car hauler Jack Cooper Enterprises Inc. and Jack Cooper Holdings Corp. have averted a Chapter 11 bankruptcy on June 29 after nearly 99% of those holding debt approved a plan to send back notes and receive fractions on the dollar.
June 30, 2017XPO Plans 'Testing Ground' for the Future of Logistics
XPO Logistics is designing a testing center for the next generation of supply chain management, which would automate warehousing, CEO Brad Jacobs told Transport Topics in a one-on-one interview.
June 27, 2017FedEx Posts $3 Billion Profit in Fiscal 2017; Freight Division Lags Express, Ground
FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.
June 26, 2017May Tonnage Gains 4.8%, Reversing Downward Trend
Truck tonnage rose 4.8% in May compared with one year ago, the largest year-over-year gain since November 2016, according to the monthly American Trucking Associations index, suggesting that the freight market has tightened in recent weeks.
June 26, 2017XPO Says Thanks a Million to Drivers Safely Reaching Milestone
XPO Logistics celebrated drivers with at least 1 million accident-free miles at a two-day celebration in Ann Arbor, Mich., in mid-June, including a question-and-answer session hosted by company CEO Brad Jacobs.
June 22, 2017FedEx Profits Rise 65%
FedEx Corp. reported profits grew year-over-year, increasing 65% over the last 12 months and easily beating the Bloomberg News consensus forecast on both an annual and quarterly basis.
June 20, 2017Truck Turn Times Lengthen in May at Ports of Los Angeles, Long Beach
The amount of time it took the average truck driver to do business at the two largest North America ports rose six minutes year-over-year in May due to backups at Total Terminals International, according to data from the Harbor Trucking Association.
June 19, 2017Cargo Volumes, Truck Delays Rise at Ports of Los Angeles and Long Beach
The amount of time it took the average truck driver to do business at the two largest North America ports rose six minutes year-over-year in May due to backups at Total Terminals International, according to data from the Harbor Trucking Association.
June 13, 2017Merchant Cash Advance Companies Try to Fix Relationship With Factors
Small trucking companies commonly turn to freight factors to quickly receive money, but merchant cash advance lenders and other small business lenders are courting these carriers, too, while repairing their negative reputation.
June 12, 2017