Trucking News

Michael J. Smid, the chief operating officer of YRC Worldwide who handled the largest carrier less-than-truckload consolidation in history, left the company Friday.

Universal Truckload Service’s profit slipped 13.9 percent in the second quarter, despite gains in its core truckload revenue, brokerage and intermodal businesses.

Internet retailing giant Amazon.com plans to open three more regional distribution centers in Tennessee this year, part of a broader strategy to build warehousing and fulfillment facilities across the

Leading YRC Worldwide back to profitability may be the toughest job in trucking, and it belongs to James L. Welch.

As James Welch returns to the less-than-truckload company he left four years ago, his big challenge is getting a much different YRC Worldwide and its new industry dynamics to add up to a profit.

A 56 percent increase in individual truck brokerage sales shot second quarter revenue at Echo Global Logistics 38 percent higher than a year ago to $151.5 million.

Truckload carrier CRST International expanded its capacity, revenue base and diversified its business by acquiring Specialized Transportation for an undisclosed sum.

Transport Corporation of India, the country’s largest integrated supply chain and logistics service provider, said Friday its net profit in the first quarter grew 10 percent year-over-year to $3

Truckers that dray containers to and from many of the ocean terminals in the Port of New York and New Jersey say there aren’t enough chassis available in the ocean carriers’ chassis pool t

More than half of the truckload carriers polled in a recent survey said they would be interested in buying or selling their business, Transport Capital Partners said.

Knight Transportation kicked its profit into higher gear in the second quarter, but still struggled with higher purchased transportation, fuel and other costs.

Old Dominion Freight Line increased its profit 83.1 percent to $39.4 million in the second quarter, as revenue rose 30.4 percent from a year ago to $480.3 million.

YRC Worldwide named Jamie G. Pierson, a managing director with Alvarez & Marsal North America, interim chief financial officer while it seeks a permanent CFO.

Intermodal service provider Hub Group’s second quarter profit rose 49 percent year-over-year to $14.4 million, powered by a 12 percent increase in shipments loaded onto railcars.

Multiregional less-than-truckload carrier Saia increased its year-over-year profit 41 percent to $8.3 million in the second quarter, as its revenue rose 15 percent to $266 million.

Higher costs and less efficient use of its trucks drove Covenant Transportation Group’s profit down 42.7 percent year-over-year in the second quarter to $1.7 million.

Ryder System’s net profit leaped 34.2 percent year-over-year to $40 million in the second quarter, as revenue climbed 18.1 percent to $1.5 billion in the second quarter.

Truckload carrier Celadon Group more than doubled its profit in the second quarter despite a 1.2 percent drop in freight revenue to $115.3 million.

Major railcar and barge builder Trinity Industries's soared 63 percent in the second quarter to $30 million, despite disruptions to a barge production facility in Missouri.

Third-party logistics and brokerage giant C.H.

UPS Freight increased its revenue 19 percent to $660 million in the second quarter, improving its revenue per hundredweight and profitability, the company said.

The ports of Los Angeles and Long Beach have chosen seven companies as recipients of the 2011 Clean Air Action Plan quality awards.

Strong growth in global truck markets drove engine sales up 53 percent to $2.9 billion in the second quarter at heavy-duty engine manufacturer Cummins.

High demand for heavy trucks in the U.S. drove up sales and profit for drivetrain supplier Eaton in the second quarter.

MultiPack, formally Servicios Nacionales Mupa, has trucking, express package and warehousing operations across Mexico.

For-hire truck tonnage rose 2.8 percent in June after falling a revised 2 percent in May, indicating that freight shi

Canadian less-than-truckload operator Vitran lost $2.3 million in the second quarter, despite a 23.1 percent increase in revenue to $208.9 million.

Top executives are shifting jobs at truckload carrier C.R. England, with CEO Dean England taking the president’s title from Chairman Dan England.

Railcar fleet leasing firm CIT Rail ordered 5,000 hopper and tank cars for about $475 million, with production to be split among “multiple manufacturers.”

Diesel prices across the United States increased 2.6 cents in the week ending July 25, rising for the third consecutive week as gridlock over the U.S. debt solution pushed crude oil prices down.

Richard Hughes Jr., who is not seeking re-election as International Longshoremen’s Association president, said Harold Daggett has his “full support” as the next head of the Atlantic

YRC Worldwide must demonstrate its value to shippers, logistics providers and its own employees to survive and succeed, new CEO James L. Welch said.

Canadian logistics provider and package carrier Purolator International opened a facility in Minneapolis as it rolls out an “aggressive” expansion in the U.S.

The U.S.

In its first full year of operations as a U.S. third-party logistics operator, Echo Global Logistics took in $33.2 million in gross revenue from 677 customers. That was 2006.

There may be a strong case to be made for using natural gas to fuel the country’s heavy-duty trucks, but for years that case has been ruled by inarguable logic: Truckers don’t buy natural

The Port Authority of New York and New Jersey will replace fewer old trucks than expected under a $28 million clean-air initiative but says the program is a success and may be a forerunner of similar

Matthew “Bo” Bates thinks many ocean carriers have left their customers in the lurch.

YRC Worldwide on Friday named James L. Welch, a former president of Yellow Transportation who spent 29 years with the trucking company, as its new CEO.

Troubled trucking giant YRC Worldwide completed its $500 million financial restructuring Friday, cementing long-term credit terms and labor concessions that will save the company more than $1 billion