Takeover Target USA Truck Sues Knight
USA Truck Inc. has sued Knight Transportation, which is trying to acquire USA Truck, for breach of contract, claiming that Knight breached a confidentiality agreement between the two companies.
October 11, 2013Knight Transportation Scales Back 3Q Earning Expectations
Citing a weak rate environment and squeezed productivity, Knight Transportation Inc. joined two large truckload carriers in scaling back third-quarter earnings expectations.
October 10, 2013Teamsters Send ABF Strike Authorization Ballots to Some Members
The Teamsters union notified ABF Freight System that strike authorization ballots are being sent Oct. 8 to workers covered by a Central Region supplemental agreement that has been voted down twice.
October 8, 2013Navistar Offers $200 Mln. in Convertible Notes
Navistar International Corp. said $200 million of senior subordinated convertible notes have been priced to pay a 4.5% interest rate.
October 8, 2013Mack Launches GuardDog Connect Telematics System
ALLENTOWN, Pa. — Mack Trucks introduced the GuardDog Connect service package aimed at expediting vehicle repairs by improving communications among drivers, fleets and dealers.
October 3, 2013CRST Expedited to Spend $10 Mln. on Driver Pay Increases
CRST Expedited Inc. announced plans to spend more than $10 million over the next year for pay increases to attract new drivers, compensate drivers for recent productivity losses and provide performance-based bonuses for top drivers.
October 3, 2013Tonnage Rises 6.9% in August to All-Time High
American Trucking Associations’ advanced seasonally adjusted tonnage reached another all-time record last month, rising 6.9% year-over-year to 126.9 as trucking activity continued to improve.
September 24, 2013Vitran to Sell U.S. LTL Operations
Vitran Corp. said it has agreed to sell its money-losing U.S. less-than-truckload operations for $2 million to industry figure Matthew Moroun, owner of less-than-truckload carrier Central Transport.
September 23, 2013FedEx’s 1Q Profit Improves
FedEx Corp. reported Sept. 18 fiscal first-quarter net income for the period ended Aug. 31 increased 6.5% to $489 million, or $1.54 per share, as profit rose in each of the company’s business segments.
September 18, 2013UPS Teamsters to Vote Again on Rejected Agreements
Teamsters at UPS Inc. will vote again starting Sept. 18 on seven of the 17 supplemental agreements that were rejected in June when the national master agreement was approved, the union has announced.
September 9, 2013