LTL

Canadian truckers angry about a reservation system they say is making it difficult to use the ferry linking Newfoundland and the Canadian mainland protested yesterday.

A bipartisan Senate bill aimed at defending businesses from fraudulent freight brokering schemes is being backed by independent truckers and freight brokers.

FedEx Freight's losses more than tripled in the fiscal year ending May 31, as steep price discounting in 2009 cut deeply into its earnings, despite market share gains.

FedEx’s net profit reached $419 million in the quarter ending May 31 following a loss a year ago and the company said Monday it expects a recovering global economy and stronger pricing to push e

YRC Worldwide revised a credit agreement to borrow additional money, the company said Monday, as the trucking operator said it expects a pre-tax profit in the second quarter but that higher spending i

YRC Worldwide’s stock value fell almost 12 percent Thursday to 20 cents a share, as approximately 131 million shares changed hands in a day of frenzied trading.

YRC Worldwide's stock plunged to a record low Wednesday, dropping from about 31 cents to 22.2 cents per share before pulling up to 23.1 cents when the market closed.

UPS said Monday it is bolstering its technology to simplify multimodal shipments and give importers more control over packages and less-than-truckload freight.

Tens of thousands of trucks and buses will be stopped for safety inspections by state police this week in the Commercial Vehicle Safety Alliance’s annual Roadcheck.

Economic recovery in the U.S.

Truck tonnage climbed to its highest level since September 2008, the brink of the financial crisis that precipitated the recession, a trucking industry index shows.

Retirees in multiemployer pension plans whose former companies failed shouldn't be penalized by pension reform, a pension expert said at a Senate hearing yesterday.

A Chicago-area pension fund that faced insolvency by 2013 will be split in two, with workers from bankrupt firms receiving benefits from the Pension Benefit Guaranty Corp.

The Teamsters union’s Central States pension fund faces insolvency within 10 to 15 years unless Congress acts to stabilize the fund, its executive director said this week.

Net orders for heavy-duty trucks shot up 91 percent in April, as fleets began placing orders for trucks compliant with 2010 federal emissions rules, ACT Research said.

Teamsters at ABF Freight System rejected a 15 percent wage cut by a solid majority, sending the less-than-truckload carrier and union back to the negotiating table.

The Teamsters union and YRC Worldwide said they will form two joint labor-management committees to discuss the trucking operator's participation in union pension funds and "ways to enhance YRCW's

Profit is paving the way to expansion at Old Dominion Freight Line.

Expedited trucking is a premium service, commanding a premium price. But that price might not be as high as shippers think, carrier executives said.

Con-way completed a $143.7 million stock offering, raising funds for capital expenditures, including new trucks for its fleets.

The U.S. Postal Service is overhauling its mail and shipping structure, merging the expedited and ground operations into a single Shipping Services group.

The Reliance Network, a partnership linking several regional less-than-truckload carriers in the U.S. and Canada, is expanding while changing some of its carrier members.

Trucking executives may get the driver shortage they fear unless they reverse wage trends in the industry, an investment research firm warned today.

Trucking company Old Dominion Freight Line expanded its international freight forwarding business, opening four regional command centers to guide shipments through its domestic and global networks.

Roadrunner Transportation Services completed an initial public offering, becoming one of a very few trucking and logistics companies to go public in recent years.

The nation's freight tonnage shrank almost 13 percent last year, but is set to expand 25 percent by 2021, according to a report by the American Trucking Associations.

Con-way will sell some 4.3 million shares of its stock in a special offering aimed at bringing new cash into the trucking and logistics company for what Con-way said would be “general corporate

Con-way Freight is expanding its international partnership with TNT to bring trans-Atlantic freight to Miami and Los Angeles.

YRC Worldwide will have a "global solution" to mounting pension and financial obligations within a few months, Chairman, CEO and President William D.

YRC Worldwide sees signs of recovery in the freight that hit its docks in March and April, but the surge came too late to stave off a steep first quarter loss.

Con-way reported a $4 million net loss for the first quarter, including a $3.2 million operating loss at Con-way Freight, despite soaring freight volume.

YRC Worldwide has enough support to survive 2010, despite a first quarter loss of more than a quarter of a billion dollars, transportation investment analysts said today.

YRC Worldwide reported a net loss of $274 million on $1.1 billion in revenue in the first quarter of 2010, despite deep cuts in operating expenses from a year ago.

YRC Worldwide is reaching deep into other modes of transportation as well as investment banking and corporate restructuring as its remakes its board of directors.

Truck rates paid by Canadian shippers increased in February, rising from a 1.6 percent drop in January, according to the Canadian General Freight Index.

Toronto-based trucker Vitran says price discounting in the less-than-truckload world appears to be leveling off, helping the carrier improve its financial picture this year.

Averitt Express added intermodal trailer and container operations to its line of trucking and other services as part of its “full-load/volume transportation” package for customers.

Old Dominion Freight Line profit jumped 93 percent in the first quarter, the first year-over-year increase since the third quarter of 2008.

Trucking rates have nowhere to go but up, and they’re ready now, several speakers told freight shippers Tuesday at NASSTRAC's annual conference.

Trucking company FedEx Freight, which has pointedly rejected rail transport in the past, could switch and turn to intermodal in coming years if the price is right and customers want the option.