SMC: Smaller Rate Hikes, No Discounts
It looks like freight rates will be going up again this fall. But one motor carrier rate bureau is floating a proposal for a smaller increase in return for a pledge from shippers not to seek additional discounts.
Comcar Combines Units to Cover Eastern States
Comcar Industries announced the consolidation of Roseway Transportation, a dry van truckload carrier acquired in January, and Clay Hyder Trucking Lines, a refrigerated fleet that has been owned by Commercial Carrier Corp., a truckload and bulk carrier operating unit of Comcar.
Roadway to Raise Shipping Rates
Roadway Express, Akron, Ohio, said it will implement a general rate increase of 5.2% on Sept. 12. This comes after an announcement by Overnite Transportation to hike its some of its rates.
UPS Takes Write-off In Tax Case
United Parcel Service said it will take a $1.44 billion charge against second-quarter earnings, basically setting aside money to pay federal back taxes in response to a recent tax court ruling.
Corporate Express to Sell Courier Unit
Corporate Express of Broomfield, Colo., an office products distributor, said it is involved in "serious discussions" with parties interested in acquiring its courier delivery business.
Judge Rules Against UPS In Tax Case
United Parcel Service, the nation’s largest motor carrier, could owe hundreds of millions of dollars in back taxes and penalties based on a ruling by a U.S. Tax Court judge.
Truck Revenue, Expenses Rise
It is a telling indication of how competitive trucking has become when you can still lose your shirt, even in a year with falling fuel prices and surging demand.
Truck Revenue, Expenses Rise
It is a telling indication of how competitive trucking has become when in a year in which everything is breaking your way, you can still lose your shirt.
Revenue Drop, Resignations Bring Change at Matlack
Matlack Systems of Wilmington, Del., announced the resignation of two of its top executives a day after the company reported a 15.7% drop in revenue and a significant loss on operations in its fiscal third quarter.
USF Glen Moore Acquires Underwood Truck Line
USFreightways Corp. entered the truckload market a year ago with the purchase of Glen Moore Trucking of Carlisle, Pa. Now, USF Glen Moore has acquired Underwood Truck Line of Brazil, Ind.