The strength of the 2014 economic recovery isn’t being questioned at Old Dominion Freight Line and Saia, two of the most profitable U.S. less-than-truckload carriers.
News pertaining to less than truckload shippers, small freight, parcel carriers and more.
News & Analysis
31 Jul 2014
The strengthening U.S. economy, a second-quarter surge in freight and higher rates boosted revenue and profit at Con-way’s less-than-truckload, logistics and truckload divisions.
31 Jul 2014
Roadrunner Transportation Systems reaped the benefits of an aggressive acquisition strategy in the second quarter, as truckload revenue soared year-over-year. Robust truckload and brokerage revenue helped compensate for weaker growth in less-than-truckload sales.
30 Jul 2014
More shippers contracting with C.H. Robinson Worldwide shifted loads from railroad to highway in the second quarter after seeing intermodal rail service deteriorate.
28 Jul 2014
Fresh from acquiring U.S. truckload carrier Transport America, Canadian trucking giant TransForce is offering nearly C$500 million for Contrans, a publicly owned Woodstock, Ontario-based holding company specializing in bulk, flatbed, and tank trucking.
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
22 Jul 2014
Roadrunner Transportation drove deeper into the non-asset logistics business this week by acquiring Integrated Services, a $21 million Midwestern regional logistics provider.
18 Jul 2014
Manufacturing growth in Canada’s central province of Ontario is boosting freight traffic with the U.S. and increasing demand for faster cross-border trucking service.
15 Jul 2014
Logistical changes that focus on making high-density lanes for core trucking customers could be at the center of the trucking industry’s attempts to quell imbalance and driver shortages.
14 Jul 2014
Yusen Logistics has expanded its cross-border trucking services for Indochina with the launch of a temperature-controlled less-than-truckload service for food products moving between Vietnam and Cambodia.