Swift Expands Refrigerated Service in $225 Million Purchase of Central
Swift Transportation Co. said it acquired Central Refrigerated Service for $225 million, a move that officials said will significantly expand Swift’s temperature-controlled truckload business.
August 12, 2013KLLM Owners to Buy FFE in $38.2 Million Reefer Deal
Two Mississippi businessmen have agreed to purchase Frozen Food Express Industries for $38.2 million, which could lead to the creation of the third-largest refrigerated carrier in North America.
July 22, 2013Con-way Freight Sets 5.9% Rate Increase
Con-way Freight said it will raise its less-than-truckload rates 5.9%, effective June 24.
June 12, 2013Tight Capacity, Govt. Actions Push Produce Freight Rates Up
Produce shipments are being squeezed by capacity constraints and government actions, driving up rates as market demand builds toward the usual late-June peak, according to industry officials.
June 10, 2013Three LTLs Up Rates 5.9%, Push Effective Dates 6 Weeks
Three of the largest less-than-truckload carriers recently announced 5.9% rate increases, continuing a trend of accelerating the timing of rate adjustments.
June 10, 2013Continental Express Acquires Ranger Refrigerated
Truckload carrier Continental Express said it has acquired Texas carrier Ranger Refrigerated Express Corp. Terms were not disclosed.
April 3, 2013Truckload Execs Predict Rate Increases on More Freight, Fewer Drivers
LAS VEGAS — Simultaneous improvement in freight demand and a sharp shrinkage in driver candidates is squeezing truck capacity and ratcheting up pressure to raise rates now, ahead of expected productivity losses from upcoming hours-of-service rule changes, according to several fleet executives.
March 11, 2013STB OKs Rate Review Process That Could Increase Its Cases
The Surface Transportation Board on Sept. 27 outlined a new process for determining whether rail freight rates charged to shippers are excessive, and the new process could increase the number of cases before the agency.
October 8, 2012Frozen Food Express Swings to 2Q Profit
Frozen Food Express Industries reported a second-quarter profit, turning around a loss from a year ago, as its brokerage and logistics results improved.
July 25, 2012FedEx Freight Raises Rates; Other LTLs Increase Prices
FedEx Freight levied a 6.9% rate increase, prompting other less-than-truckload carriers to signal similar moves as they try to capitalize on a strong rate environment.
June 18, 2012