Top For-Hire Carriers Contribute to Freight Congressional Leaders in Midterms
UPS Inc. and FedEx Corp., the top two for-hire carriers in North America, have contributed to the re-election efforts of freight transportation leaders from both parties in Congress, according to a review of public records.
October 25, 2018Mullen Group’s Trucking Segment Bolsters 3Q Results
Mullen Group reported strong revenue growth in its Canadian trucking business and expanded its oil field transportation services with a couple of key acquisitions, but the company’s profits dipped in the third quarter of 2018 as it dealt with rising costs and a decline in the value of the Canadian dollar.
October 25, 2018Knight-Swift Says 3Q Results Reflect ‘Progress’ in All Segments
Knight-Swift Transportation Holdings beat analysts’ profit projections in the third quarter as cost-cutting measures implemented after the acquisition of Swift Transportation in September 2017 compensated for slower-than-expected growth in revenue.
October 24, 2018UPS Reports Strong Revenue Growth, Higher Profits in 3Q
UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives.
October 24, 2018Arkansas Federal Judge Rules Sleeper Berth Time Is 'Time-Worked'
A federal district judge in Arkansas has ruled that a legal class of nearly 3,000 truck drivers is entitled to compensation for time in the sleeper berth even though the drivers were signed out as off-duty.
October 24, 2018Covenant Transport Reports Record Profits, Revenue in 3Q
Covenant Transportation Group posted record revenue and profits in the third quarter as a strong freight market drove rates higher and the company began to see benefits from its recent acquisition of Landair Holdings.
October 23, 2018USA Truck Acquires Davis Transfer Co.
USA Truck announced the purchase of Davis Transfer Co., a family-owned trucking company based in Carnesville, Ga., for $53 million in cash and stock, a deal that signals the start of a more aggressive growth strategy at USA Truck by the company’s new management team.
October 22, 2018Amazon, FedEx, UPS Could Gain from Trump Threat to Leave Postal Union
U.S. e-commerce companies including Amazon.com and shippers such as FedEx Corp. and UPS Inc. stand to gain from the Trump administration’s move Oct. 17 to withdraw from an international postal agreement.
October 18, 2018Marten Transport Posts Record Results in Third Quarter
Marten Transport Ltd. reported its best quarterly operating results ever, among the first of what is expected to be a string of bullish financial reports from trucking companies in the third quarter.
October 17, 2018Heartland Express Returns to Historical Levels of Profitability
Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.
October 17, 2018