Truckload
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Lower Volumes; Less Capacity in Trucking
Less-than-truckload capacity has declined in each of the last nine months through November 2008, reports Stifel Nicolaus...
Better Than Expected Results for Old Dominion
For 2008, revenues grew 9.7% year over year to $1.54 billion, although net income was down 4.4% to $68.7 million...
Fleet Buy Intent Drops
CK Commercial Vehicle Research (CKCVR) reports its Fleet Equipment Buying Index for the first quarter of 2009 declined 9% from the prior-quarter reading to 75.8 (Q1 2008 = 100)...
Lowe's Recognizes Southeastern Freight Lines
Home improvement retailer Lowe's Companies named less-than-truckload carrier Southeastern Freight Lines Platinum Carrier of the Year—the highest award designation possible for the home improvement retailer...
Some Carrier Earnings Top Expectations
Marten Transport reported fourth-quarter 2008 (4Q08) earnings per share of $0.27. That was better than analysts expected. Analyst firm Stifel Nicolaus issued reports on a cross section of logistics services companies based on earnings announcements and pre-announcements...
Con-way Opens New Service Center
Less-than-truckload (LTL) carrier Con-way Freight announced it has opened a new service center in Rockford offering next-day delivery throughout Illinois and within a surrounding 600-mile radius...
Indian Truck Strike Ends
Fuel prices and tolls were behind an eight-day strike by Indian truckers that affected industrial goods and quickly affected prices on food...
Truckload Volumes Down
The Morgan Stanley Truckload Index stood at all-time seasonal lows through December 26, 2008 and “current readings are half the levels of 4Q01...
US Truck Tonnage Continues Decline
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 3.0% in October...
YRC Presidents Comment
Addressing what they term misperceptions, Phil Gaines, Terrence Gilbert and Keith Lovetro say YRC Worldwide has been building financial stability...
Con-way Restructure Promises Improvements
In announcing a major re-engineering of its operating network, Con-way Freight suggests it will reduce service exceptions, improve on-time delivery and provide faster transit times in many lanes...
LTL Sector Continues To Suffer
Public carrier tonnage (which represents ~64% of industry tonnage) declined 1.9% year-on-year in the third quarter, and the less than truckload (LTL) freight market has deteriorated significantly since mid-summer...
Zollars On The Defensive; YRCW Cuts Jobs
In a statement intended to clarify the current status at YRC Worldwide, Bill Zollars, chairman, president and CEO, said, in part, “We’ve put a number of measures in place over the past year to strengthen our balance sheet...
Con-way Multimodal Launches Quick Pay Program
Con-way Multimodal, the nationwide truckload brokerage division of Menlo Worldwide Logistics, announced the launch of an enhanced Quick Pay program...
Schneider National Reduces Empty Miles
Schneider National has implemented solutions from Manhattan Carrier to optimize load and driver utilization...
