Trucking News

Truckload carriers, anticipating a gradual increase in shipments this year after a long drought, are calibrating capacity to regain some lost pricing leverage.

YRC Worldwide’s liquidity should be sufficient to see it through 2010 and into 2011, absent a “downturn in industry or company fundamentals,” said Jon A.

YRC Worldwide’s liquidity fell steeply throughout the year, as the company’s cash and cash equivalents plummeted by two-thirds throughout 2009.

YRC Worldwide narrowed its losses last year and in the fourth quarter, but fierce competition and insecurity over its debt-for-equity swap hurt its business, company officials said today.

Trucking and logistics giant Con-way reported losses both for the fourth quarter and the full year, as overcapacity and aggressive pricing cut into its trucking income.

Retailers and other trade groups appealed for support Thursday from the U.S. Department of Transportation in their case against turning regulation of harbor trucking over to local port authorities.

Truckers are asking Washington for protection from Wall Street speculators who they say artificially drive up the cost of oil and fuels.

Surging freight volume in the fourth quarter boosted sales at logistics giant C.H. Robinson Worldwide, but falling rates offset volume increases in many of its transportation services.

Ryder System net profit dropped a sharp 69 percent to $61.9 million in 2009, as it closed its money losing supply chain management operations in South America and Europe.

Dedicated Transport Holdings is expanding into liquid bulk trucking by acquiring All Star Transportation, a carrier with offices in Clearwater, Fla., and New Castle, Del.

Cummins reported its most profitable fourth quarter in its 91-year history, with engine sales jumping 12 percent to $2.17 billion on surging U.S. truck sales last fall.

Greatwide Logistics Services Chairman Leo Suggs replaced Raymond B. Greer as CEO of the third-party truck brokerage and logistics firm.

A second consecutive weekly drop brought the average retail price of diesel down 5.2 cents to $2.781 per gallon, the lowest price in five weeks since it hit $2.732 per gallon at the end of December, a

Pressure on prices drove profit down 32 percent in 2009 for trucking, brokerage and intermodal transportation provider J.B. Hunt.

Stronger freight shipping helped Werner Enterprises hold a fourth-quarter decline in its profit to 3.5 percent, as operating revenue fell 10.4 percent from a year ago.

With more freight flowing into its trailers, Knight Transportation is buying 370 new tractors from Volvo North America.

Grocery chains seeking greater control over inbound inventory and manufacturers pursuing more sustainable shipping are making business hotter for refrigerated freight haulers.

Frozen Food Express Industries, parent of refrigerated trucker FFE Transportation, Dallas, promoted two top executives as it looks for a thaw in the recession that would return it to profitabili

Placing an immediate ban on text messaging by truck drivers last week, the Department of Transportation sent a message easy to read even without a cell phone.

It used to be that simply picking up and delivering freight was enough to keep every “motor carrier of property” in the land fat and happy.

ABF Freight System is holding a "dialogue" with the Teamsters union over pension liabilities and labor costs, the company's top executive said yesterday.

Wal-Mart Stores will charge suppliers penalties for late deliveries starting Feb. 1, according to a letter to suppliers.

Landstar System is shutting the trailer door on 2009, after reporting a 36.5 percent drop in profit and a 24 percent slide in sales.

Arkansas Best's ABF Freight System lost $32.4 million in the fourth quarter, battered by a weak economy and fierce price competition among less-than-truckload carriers.

President Obama said Wednesday that increasing exports and construction of infrastructure will be among the ways the U.S. economy will recover from the recession.

Old Dominion Freight Line rolled out of 2009 with a few scratches, dings and dents but with a profit margin that's still the envy of the less-than-truckload industry.

The American Association of Port Authorities will not join some of its largest members in seeking greater local regulatory authority over harbor trucking.

The partnership labor and environmentalists forged at California ports is moving up the supply chain to protest Toyota's plans to shift some U.S. production to Japan.

Truckload carrier Marten Transport earned a profit of $4.3 million on operating revenue of $128.7 million in the fourth quarter of 2009.

Truckload carrier Celadon earned less than last year in the quarter ended Dec. 31, but demand began to pick up as the weak U.S. economy started to grow again.

A ban on cell-phone text messaging by truck drivers imposed today should be extended to all motorists, said the president of the American Trucking Associations.

The Department of Transportation's ban on cell-phone texting by truckers is just the first of several actions expected this year that will tighten federal truck driver regulations.

The Owner-Operator Independent Drivers Association supports a ban on texting by truck drivers, but isn't happy with how the Department of Transportation imposed it.

Truck and bus drivers will be banned from sending text messages over cell phones while driving, the Department of Transportation said Tuesday.

Retail diesel prices dived 3.7 cents to $2.833 per gallon last week, the U.S. Energy Information administration reported Jan. 25.

Truck tonnage hit its highest peak since the depths of the recession in December, but may be more moderate in coming months, the American Trucking Associations said.

Battling for shippers, YRC Worldwide is offering a no-fee, money-back standard service guarantee promising a 100 percent refund if goods don’t arrive on the scheduled day.

This year’s heavy-duty trucks may be the cleanest, most advanced and most expensive models ever to hit U.S. highways, but to manufacturers, they’re already old hat.

Shipper efforts to reduce transportation costs and meet sustainability goals are driving changes in carrier networks.

With 2010 contract bidding in full swing, one shipper has advice for his fellow shippers: “Help the good carriers out.”