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Covenant 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.
Change-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.
Cyber 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.
Marten 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.
Carriers Keep Rolling Out Driver Pay Raises
The need for truck drivers has spurred a number of carriers recently to raise compensation and entice qualified drivers to stick around.
Daseke Buys Canadian Energy Services Firm Aveda
Daseke Inc. on April 16 continued its acquisition activity, announcing it will purchase Aveda Transportation and Energy Services, a large North American oil rig moving company based in Calgary, Alberta. The deal is expected to close in June.
Mike Ducker to Step Down as FedEx Freight CEO on Aug. 15
Mike Ducker will retire Aug. 15 as president and CEO of FedEx Freight after leading the group for four years, FedEx Corp. announced April 16. His successor will be named later.
Schneider, 8VC Partner to Boost Digital Supply Chain
Venture capital firm 8VC and diversified truckload carrier Schneider announced a partnership to leverage technology on trucks to create a pathway to a fully digital supply chain.
April 11, 2018