Transport America Plans Public Stock Sale
Truckload carrier Transport America Inc. could become the latest publicly traded fleet after a regulatory filing that targets a $75 million stock offering.
Economic Growth Will Benefit Trucking in 2014, ATA’s Costello Says
The U.S. economy should pick up next year to grow at a 2.5% pace and stimulate trucking demand, American Trucking Associations Chief Economist Bob Costello said.
Truckload Fleet Turnover Dips Modestly
Truckload fleets’ driver turnover dipped modestly in the third quarter, falling 2 percentage points to 97% from the second quarter at larger fleets and 8 percentage points to 74% at smaller operators, American Trucking Associations reported.
UPS Teamsters Approve Large Contract Rider
Teamsters who work at UPS Inc.’s package division approved the largest remaining barriers to implementation of a national contract that is the transport industry’s largest labor deal.
Arkansas Best Plans to Cut 30 Terminals
Arkansas Best Corp.’s ABF Freight System unit announced plans to cut 30 of its 277 service centers as part of an effort to improve overall service.
Teamsters Leaders to Review YRC Plan
The Teamsters local leadership will meet Dec. 6 to review YRC Worldwide’s proposal for a contract extension needed to obtain long-term refinancing of $1.4 billion in debt, the company said last week.
Descartes Names Ryan to CEO Post
Edward Ryan has been named CEO of Descartes Systems Group, succeeding Arthur Mesher, the company announced Nov. 27.
Maritime Agency Report Assesses Canal Expansion
The Maritime Administration has released a Panama Canal expansion report that tentatively concluded that increased competition would lower freight costs through East Coast and West Coast ports once larger ships can use the waterway.
Schneider Upgrades Mexico Intermodal Service
Schneider National Inc. is enhancing intermodal service to and from Mexico, Senior Vice President Jim Filter told Transport Topics.
FedEx Freight’s Logue Urges Improvements in Freight Movement
HOUSTON — FedEx Freight President William Logue stepped beyond his role in less-than-truckload to open the convention of three trade associations here by urging attendees to redouble their efforts to overcome barriers to infrastructure, regulatory and technological barriers that slow domestic and global commerce.