Business

YRC Reports $44.4 Million Loss

YRC Worldwide Inc. reported a $44.4 million loss, or $4.45 per share, in the third quarter, compared with net income of $3 million, or 40 cents per share, in the year-earlier period.

Rip Watson | Special to Transport Topics
November 12, 2013
Government, Business

Arkansas Best Net Income More Than Doubles

Arkansas Best Corp. more than doubled third-quarter earnings to $14 million, or 52 cents per share, sparked by improved results at both the ABF Freight System less-than-truckload unit and other services.

Rip Watson | Special to Transport Topics
November 12, 2013
Business

YRC Seeks New Labor Contract Until 2019

YRC Worldwide Inc. has told the Teamsters union it needs a new contract agreement into 2019 in order to have lenders refinance debt that begins to come due next year.

Rip Watson | Special to Transport Topics
November 8, 2013
Business

YRC Delays Earnings, Plans Teamsters Contract Extension Talks

YRC Worldwide Inc. delayed its scheduled Nov. 7 third-quarter earnings announcement until Nov. 12 to provide more time for contract modification talks with the Teamsters as lenders press the less-than-truckload carrier to lower its costs.

Rip Watson | Special to Transport Topics
November 7, 2013
Business

YRC Seeks More Cost Cuts from Teamsters

YRC Worldwide Inc. officials are scheduled to meet with the Teamsters union in Dallas on Tuesday in an apparent effort to win support for more concessions, as the carrier has not made enough financial progress from continued losses.

Rip Watson | Special to Transport Topics
November 5, 2013
Business

BNSF’s Third-Quarter Earnings Rise 8%

BNSF Railway, the carrier owned by investor Warren Buffett’s Berkshire Hathaway Inc., posted 8% higher third-quarter net income of $1.11 billion, from $1.03 billion a year ago, according to a regulatory filing.

Rip Watson | Special to Transport Topics
November 5, 2013
Business, Safety, Government, Autonomous

Knight Says USA Truck Shows ‘Limited Improvement’

Knight Transportation Inc. said in a Securities and Exchange Commission filing that takeover target USA Truck Inc.’s “recent financial results demonstrate only limited improvement and that its recent share price surge is unsupported by either industry or company specific fundamentals.”

Rip Watson | Special to Transport Topics
November 4, 2013
Business

Truck Drivers Losing Money from Recent HOS Changes, Fleet Leaders Say

ORLANDO, Fla. — Drivers are bearing the brunt of recent hours-of-service rule changes that constrict their hours and squeeze their paychecks, adding a new complication in the recruitment and retention battle, two carrier executives said.

Rip Watson | Special to Transport Topics
October 22, 2013
Special Coverage

Truck Drivers Losing Money from Recent HOS Changes, Fleet Leaders Say

ORLANDO, Fla. — Drivers are bearing the brunt of recent hours-of-service rule changes that constrict their hours and squeeze their paychecks, adding a new complication in the recruitment and retention battle, two carrier executives said.

Rip Watson | Special to Transport Topics
October 22, 2013
Special Coverage, Business

Bush Urges Truckers to Participate in National Politics

ORLANDO, Fla. – Former Florida Gov. Jeb Bush (R) exhorted truckers to use their influence in Washington to redirect the federal government toward policies focused on economic growth through a blend of policy changes and a new approach to leadership.

Rip Watson | Special to Transport Topics
October 21, 2013