YRC Swings to a Loss for Q4 and 2019
YRC Worldwide Inc. posted losses for both the fourth quarter and the year as it was weighed down by the United Auto Workers strike against General Motors Co., facilities closings and weakening freight traffic in its core Midwest market.
February 5, 2020Celadon Might Sell Texas Facility as Bankruptcy Proceedings Continue
According to bankruptcy court documents, P.A.M. Transportation Services Inc. is seeking to purchase a trucking terminal and property in Laredo, Texas, that is owned by Celadon Group.
February 5, 2020UPS Appoints Stephen Denton to Lead Ware2Go
Stephen Denton was appointed CEO of on-demand fulfillment platform Ware2Go Inc., the company announced Feb. 4.
February 4, 2020USA Truck Reports Q4 Loss, Cuts Nondriver Staff by 8%
Van Buren, Ark.-based truckload carrier USA Truck says in the fourth quarter it reduced its nondriver staff by 8% as the company reported a quarterly loss of $4.8 million or 56 cents per share, compared with net income of $5.3 million or 64 cents per share for the same period last year.
January 31, 2020Strong Holiday Orders, Close Ties to Amazon Boost UPS Q4 Earnings
UPS Inc., fueled by demand from e-commerce giant Amazon.com, on Jan. 30 reported a gain in fourth-quarter profit on an adjusted basis and in revenue while noting a one-time charge that dragged net results.
January 30, 2020Schneider Q4 Earnings Miss Wall Street Expectations
Schneider National Inc. reported Jan. 29 that fourth-quarter 2019 and yearly financial numbers declined when compared with 2018’s record year.
January 29, 2020Roadrunner Sells Distribution Service to C.H. Robinson for $225 Million
Roadrunner Transportation Systems Inc. will sell its Prime Distribution Services business to C.H. Robinson Worldwide Inc. for $225 million in cash, according to a Jan. 28 news release.
January 28, 2020Celadon Reaches Deal to Sell Taylor Express for $14.5 Million
An agreement has been reached to sell the last remaining operating trucking company, Taylor Express, that is part of the now-bankrupt Celadon Group of Indianapolis.
January 24, 2020A. Duie Pyle Launches TSA-Cleared Airfreight Service
Diversified motor carrier A. Duie Pyle Inc. announced a Transportation Security Administration-compliant export service designed to move international airfreight directly from point of origin to the export location.
January 24, 2020Marten Transport Q4 Net Income Stable as Company Reports Record Year
Marten Transport Ltd. reported net income for the fourth quarter ended Dec. 31 was the same as it was for the comparable quarter in 2018: $15.7 million.
January 24, 2020