A second Penske Truck Leasing facility has opened in Hawaii, located on the west side of the island of Oahu in Kapolei, the company announced Aug. 1.
August 6, 2018Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Penske Truck Leasing Announces Hawaii Expansion
New Jersey Beverage Distributor Seeks 14-Hour Workday for Its Drivers
Allied Beverage Group, a large New Jersey beverage distributor, has requested that the company’s shorthaul drivers utilizing the record of duty status exception be allowed to return to their work-reporting location within 14 hours instead of the usual 12 hours, the Federal Motor Carrier Safety Administration announced Aug. 3.
U.S. Xpress Revenue Grows 21.4% in Past Year
A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring.
YRC Worldwide Reports Mixed 2Q Earnings Compared With 2017
YRC Worldwide Inc. reported a decline in second-quarter net income, even as operating revenue increased.
XPO Logistics Posts Record Results in Second Quarter
XPO Logistics posted its best-ever second quarter as a strong economy generated demand for freight hauling and logistics services, and the company was able to capitalize on a shift toward greater outsourcing of transportation by shippers.
Saia Follows Industry Trend With Record Earnings in 2Q
In the midst of a buoyant economy, less-than-truckload carrier Saia Inc. on Aug. 1 reported record second-quarter earnings. Saia said operating revenue was up nearly 18%, reaching nearly $428.7 million, or $1.18 a share, compared with $364.4 million, or 69 cents a share, for the same period in 2017.
Vancouver Port Celebrates Completion of Freight Rail Project
Port of Vancouver administrators, along with political and industry leaders, stood atop a small stage in a largely vacant marine terminal the morning of July 31 to celebrate the completion of the $251 million West Vancouver Freight Access project.
Why the Trucking Shortage Is Costing You
A shortage of truck drivers that has been simmering in the United States for years has reached a full boil, causing anxiety from small factories to the Federal Reserve.
Truckers Say Port Everglades Terminal Boycott Still Possible
As the Aug. 1 deadline for a potential boycott looms, disagreements persist between members of the South Florida trucking community and Port Everglades Terminal LLC.
Landstar Analyst Invokes ‘Spaceballs’ in Bullish Freight Thesis
Landstar System’s stock is traveling at “ludicrous” speed after a series of bullish analyst calls, including one with references from the movie “Spaceballs.”