YRC Removes Interim Tag From Stephanie Fisher's CFO Title
YRC Worldwide Inc. removed the interim tag on Chief Financial Officer Stephanie Fisher’s title, officially announcing her as the successor after Jamie Pierson resigned from the post at the end of 2016.
May 17, 2017Averitt, Old Dominion Rated Top Carriers in Mastio Survey of Shippers
Averitt Express and Old Dominion Freight Line Inc. are the country's highest-rated privately held and publicly traded less-than-truckload carriers, respectively, according to a survey of more than 2,000 shippers in the United States that Mastio & Co. conducted last year.
May 16, 2017Intermodal Volume Up 2% in First Quarter, IANA Reports
Intermodal traffic rose 2% in the first quarter, largely stemming from container and trailer volumes, a signal that a rebound is underway from the doldrums of 2016.
May 15, 2017Flexi-Van, DCLI Launch ‘Pool of Pools’ at N.Y.-N.J. Port; Trac Not Involved
Chassis providers Flexi-Van Leasing and Direct ChassisLink Inc. will launch a “pool of pools” beginning June 1, offering trucking companies shared chassis at the Port of New York and New Jersey. But the largest chassis provider in the Northeast, Trac Intermodal, won’t contribute equipment to the pool.
May 15, 2017Largest Containership to Call East Coast Via Panama Canal Generates Excitement
The Cosco Development arrived to fanfare on the East Coast last week as public officials celebrated the largest containership in history to cross the Panama Canal with destinations to Virginia, Georgia and South Carolina.
May 15, 2017Flexi-Van, DCLI to Start Chassis Pool in Port of New York-New Jersey
Chassis providers Flexi-Van Leasing and Direct ChassisLink Inc. will launch a “pool of pools” beginning June 1, offering trucking companies shared chassis at the Port of New York and New Jersey.
May 9, 2017XPO Quarterly Results Soar, Bolstered by LTL, Last Mile
XPO Logistics Inc. earned a profit in the first quarter of the year for the first time since 2010, rocketing past analyst expectations on the strength of its linehaul, cross-dock and pickup-and-delivery operations.
May 8, 2017Celadon to Get Outside Audit to Review Used Truck Valuations
Financial auditors at accounting firm BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the past three fiscal quarters due to a disagreement on the value of used trucks, according to the truckload carrier.
May 8, 2017YRC Worldwide Loses $25.3 Million in First Quarter, Misses Analyst Estimates
YRC Worldwide Inc. lost more than double the amount of money than it did a year ago, marking 10 consecutive years the less-than-truckload carrier ended the first quarter in the red.
May 4, 2017Celadon's Financial Statements Called Into Question
Auditors at BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the last three fiscal quarters because the trucking company didn’t produce sufficient documents on the value of used trucks, according to a letter in a filing with the Securities and Exchange Commission.
May 2, 2017