Business

Saia Opens Terminals in Pennsylvania and New Jersey

Saia Inc. opened four new terminals in Pennsylvania and New Jersey on May 1, entering the Northeast to battle regional and national less-than-truckload carriers for market share.

Ari Ashe | Staff Reporter
May 2, 2017
Business

Roadrunner Receives $540 Million, Names New Leadership

Roadrunner Transportation Systems Inc. said it has received a $540 million cash infusion from a private equity group that owns 8.6% of the shares in an announcement that also included a change in the senior leadership of the recently troubled trucking company.

Ari Ashe | Staff Reporter
May 2, 2017
Business

TL Profits Mostly Down

Truckload companies continue to struggle in the first quarter, with executives in the industry assigning blame to continued excess capacity, bad weather and a weak used-truck market.

Ari Ashe | Staff Reporter
May 1, 2017
Business

Cargo Thefts Total $28.7 Million in First Quarter, CargoNet Says

Cargo thefts rose in the first quarter as criminals stole more than $28.7 million in freight in 192 incidents, up from the same period in 2016 in terms of volume and total loss, according to quarterly data from CargoNet.

Ari Ashe | Staff Reporter
May 1, 2017
Business, Government, Safety, Logistics, Autonomous

Paper Checks Still Common in Trucking; Move Underway to Migrate to E-Payments

Many trucking and third-party logistics companies still write checks to pay their invoices, but efforts are underway to transition from pen and paper to point-and-click e-payments. If successful, it would shift decades-old business patterns ingrained in the industry.

Ari Ashe | Staff Reporter
May 1, 2017
Business, Logistics

Railroad 1Q Profits Increase on Rebound in Coal Shipping

All publicly traded freight railroads reported higher profits in the first quarter, led by a strong rebound in coal transportation from the doldrums of recent years and continued improvement in the intermodal sector.

Ari Ashe | Staff Reporter
May 1, 2017
Business

Saia Profits Up 7.7% With Help From Lower Tax Rate

Less-than-truckload earnings season began on a positive note with growth in shipments and revenue growth compared with the lackluster year-over-year results in the truckload sector.

Ari Ashe | Staff Reporter
April 28, 2017
Business, Logistics

Universal Logistics Profits Fall in First Quarter Despite Higher Revenue

Profits at Universal Logistics Holdings Inc. fell 42% year-over-year despite 9.2% growth in revenue during the same period, which the company acknowledged was due to problems with a few of its large value-added programs.

Ari Ashe | Staff Reporter
April 27, 2017
Business, Logistics

Union Pacific Profits Up 9.5%, Easily Beat Forecasts

Union Pacific’s profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation.

Ari Ashe | Staff Reporter
April 27, 2017
Business, Logistics

Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air

Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.

Ari Ashe | Staff Reporter
April 26, 2017