Trucking News

Intermodal firm Hub Group’s 45 percent drop in net profit, to $8.3 million, still left it with “respectable returns even in this difficult freight environment” for all its lines of b

YRC Worldwide Chairman, President and CEO apologized not once but twice to Teamsters General President James P. Hoffa and union employees.

Old Dominion Freight Line earned a profit of $10.7 million in the second quarter, down 55 percent from a year ago, as tonnage declined and competitive pricing drove the operating ratio up.

Truck and heavy equipment manufacturer Caterpillar earned a much smaller profit in the second quarter as sales dived and the company absorbed the cost of layoffs.

Significantly lower fuel costs and less purchased transportation reduced operating expenses for Mondovi, Wisc.-based carrier Marten Transport, enabling a 29 percent increase in profit to $4.5 million

Transportation broker C.H. Robinson defied the economy and boosted profit in the second quarter as truckload volume declined less than in the previous three months.

Less-than-truckload carrier ABF Freight System lost $15.4 million in the second quarter, the company said July 21, on steep declines in volume and pricing in the trucking business.

Government agencies will follow similar procedures no matter who breaks transport security rules.

Senior members of the Senate Finance Committee have filed a bill that takes a first step toward replenishing the Highway Trust Fund.

YRC Worldwide’s financial troubles haven’t stopped its efforts to seek new business and expand and fine-tune its services.

Sweden’s Volvo AB, the world’s second-largest truck maker, on July 21 reported its worst-ever quarterly loss amid collapsing sales worldwide.

FedEx converted 92 standard FedEx delivery trucks to hybrid-electric trucks.

Volvo Trucks' first EPA2010 production truck drove off the assembly line at the New River Valley plant in Dublin, Va., early this month.

A weak freight market slashed revenue and profit in the second quarter for truckload carrier Werner Enterprises.

Truckers, vacationers and others driving Virginia’s interstate highways this week will see a big decline in the number of places they can take a break along the highway.

The largest Teamsters pension fund dropped YRC Worldwide, the largest unionized trucking company, as its Teamster employees prepare to vote on whether to accept a 15 percent wage cut and a suspension

Diesel prices dropped across the country for the fifth consecutive week, averaging a decline of 4.6 cents to $2.496 per gallon, according to the U.S. Energy Information Administration.

Canada on July 20 put up the cash to bring a publicly-owned bridge between Detroit and Windsor, Ontario, "one step closer" to fruition despite legal and lobbying challenges from the U.S.

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Financiallytroubled YRC Worldwide could see results of a critical vote by its Teamsters drivers on dramatic changes to the labor contract by the first week of August.

Anne S. Ferro's nomination to be head of the Federal Motor Carrier Safety Administration is in the hands of the Senate, moving her closer to a confirmation hearing.

A major conservative interest group asked FedEx for a $2 million to $3 million donation in exchange for the group’s backing in a legislative battle with UPS, according to a published report Friday.

Landstar System on July 15 reported lower second-quarter earnings, as the Jacksonville, Fla.-based trucking company continued to feel the impact of the economic recession.

Flying J has a plan to come out of its Chapter 11 bankruptcy, but it means selling its core truck stop business to Pilot Travel Centers.

The trucking industry is towing too many empty trailers to gain the speed it needs to reach a recovery, says FTR Associates.

New York-New Jersey port truckers said they support the concept of chassis pools, but aren't happy with Maersk's planned Direct ChassisLink program, and won't support it without changes.

The Teamsters union would gain a seat on YRC Worldwide's board of directors and other concessions from the company in return for a 15 percent overall wage cut and a temporary waiver on pension payment

Truckload carrier Heartland Express defied the economic downturn with a 2 percent boost in net profit in the second quarter, but the carrier said July 14 it sees little improvement in the economy and

Trucking bankruptcies may be on the rise again after declining 49 percent in early 2009, as higher fuel costs and the recession grind down carrier profit margins.

Truckload carrier Landstar System is expanding off-road by acquiring two technology companies that give it greater reach into shippers’ freight networks.

Monson Trucking isn’t the first trucking company to fail in this recession, but it is one of the oldest.

C.H.

YRC Worldwide’s stock rose 60 cents to $1.49 a share July 9 on news that the financially strapped trucking enterprise reached a tentative agreement on cost cuts with the Teamsters union.

The U.S. Postal Service is greening its fleet of delivery trucks with 1,000 E-85 ethanol-powered and 900 hybrid gasoline-electric trucks.

Maersk Line plans to launch its new chassis pool arrangement throughout the Northeast on Monday, Aug. 3.

Cross-border trucking over the Ambassador Bridge connecting Detroit to Windsor, Ontario, the busiest commercial connection between the United States and Canada, fell by nearly a third in the first hal

Updated 12:43 p.m.

Freightliner Truck, the largest heavy truck maker in North America unveiled a natural gas-powered Class 8 tractor June 7 aimed at the port, drayage and utility markets.

Milan Express and New Century Transportation formed a “Lightning Alliance” to speed less-than-truckload freight from the Midwest and Southeast to the Northeast.

Is the trucking industry’s fuel tank three quarters empty or one quarter full? And is there enough fuel in that tank to get struggling motor carriers through the recession?