Knight-Swift Reports ‘Progress’ With Merger, Sees Challenges in Getting Enough Drivers
The holding company for Knight Transportation and Swift Transportation reported results for the first quarter of 2018 that reflect “progress” in achieving cost savings for the combined enterprise but also difficulty in finding enough drivers to meet increasing demand for service.
April 25, 2018Landstar System Posts Record First Quarter
Landstar System reported its best first quarter with revenue jumping 34.2% to $1.05 billion and profits reaching a record $57.5 million, or $1.37 a share, as demand for freight hauling continued to strain truck capacity in the market.
April 25, 2018Forward Air First-Quarter Results Better Than Expected
Forward Air Corp. reported better-than-expected results in the first quarter as strong demand and tight truckload capacity boosted expedited less-than-truckload shipping and intermodal services.
April 25, 2018Heartland Express Posts Mixed Results in 1Q
Heartland Express reported first-quarter net income of $13.4 million, or 16 cents earnings per share. In comparison, first-quarter 2017 net income was $14 million, or 17 cents per share. Analysts had predicted earnings per share of 11 cents.
April 25, 2018Covenant Reports Solid First-Quarter Revenue, Income
Covenant Transportation Group reported first-quarter net income of $4.4 million, or 24 cents per share, compared with a net loss of $39,000 in the same period of 2017.
April 24, 2018Change-of-Address Scam Moved UPS Corporate Headquarters to Tiny Chicago Apartment, Feds Say
The timeworn apartment building in Chicago’s Rogers Park neighborhood hardly looks like the corporate headquarters of one of the world’s largest shipping companies. But for a few recent months, that’s essentially what it became — at least as far as the U.S. Postal Service was concerned.
April 23, 2018XPO Logistics Announces May Launch of Google Home, Amazon Echo for Last-Mile Delivery
XPO Logistics announced beginning in May customers will be able to track deliveries using Amazon’s Alexa and Google Assistant personal assistant technologies.
April 20, 2018Werner Transportation Announces First Quarter Earnings Beating Expectations
Werner Enterprises Inc. on April 19 reported improved year-over-year revenue and earnings for its fiscal first quarter.
April 20, 2018Cyber Defenders: How Fleets Are Preventing Hackers From Disrupting IT Systems, Stealing Data
Cybersecurity threats are growing in both number and sophistication, forcing transportation companies to take additional steps to prevent these attacks from crippling their information technology systems, compromising proprietary data or potentially even disrupting trucks’ electronic controls.
April 20, 2018Marten Reports Higher Profits, Revenue in 1Q
Marten Transport Ltd. reported higher profits and revenue in the first quarter of 2018 as the Mondovi, Wis.-based truckload carrier benefited from lower taxes and stronger demand for freight hauling.
April 19, 2018