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The latest
Truck brokers
News & Analysis
Brokered Truck Rates Slip
William B. Cassidy |
Trucking yield and rates aren't rising as quickly as demand despite a surge in freight volume on highways in the first quarter, according to new figures on the trucking market. <br /> <br />
Trucking News
Truck brokers
ODFL Opens International Command Centers
William B. Cassidy |
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.
Trucking News
LTL
Truck brokers
Intermodal Marketers Cut Truck Moves
John D. Boyd |
Intermodal marketing companies tilted their traffic share much more toward rail-truck combination moves in the first quarter and away from all-highway loads, according to the Intermodal Association of
Rail News
Trucking News
Truck brokers
Universal Truckload Acquisitions Boost Revenue
Thomas L. Gallagher |
Universal Truckload Services earned $2.1 million in net profit in the 13 weeks ended April 30, almost entirely from sales of marketable securities.
Trucking News
Truck brokers
Truckload Rates Escalate
JOC Staff |
The only dispute in the truckload industry over the direction of rates this spring is whether pricing is going up fast or very fast. <br /> <br />
Trucking News
Truck brokers
Landstar Profit up 45 Percent on Higher Volume
JOC Team |
Landstar System increased sales 14.4 percent to $548.1 million in the first quarter, increasing the number of truckloads hauled 16.9 percent.<br /> <br />
Trucking News
Truck brokers
Brokers Seek Exporter Imbalance Solution
JOC Staff |
Freight brokers are studying whether they can help correct a steep imbalance in transportation equipment availability that is hurting efforts of U.S. exporters to get goods to overseas markets.
Rail News
Truck brokers
Shipper Wants Broker Liability Protection
JOC Staff |
The global logistics chief for Duty Free Shops is calling on freight brokers to straighten out gray areas in liability which he says leave his company too easily exposed to injury claims by independen
Trucking News
Truck brokers
UTi Swings to Profit
Thomas L. Gallagher |
Forwarder UTi Worldwide swung to a $1.5 million net profit in its fourth fiscal quarter ended Jan. 31 from an $89.8 million loss in the same period a year earlier. <br /> <br />
Air Cargo
Truck brokers
Same-Day Delivery Company Fleetgistics Sold
William B. Cassidy |
Turnaround specialist Atlantic Street Capital sold its same-day delivery business, Fleetgistics, to Harbour Group, a St. Louis-based holding company.<br /> <br />
Trucking News
Truck brokers
Greatwide Looks to Smaller Shippers
William B. Cassidy |
Greatwide Logistics aims to recruit mid-tier shippers as it expands its dedicated contract carriage and third-party transportation services in the nascent recovery.<br /> <br />
Trucking News
LTL
Truck brokers
C.H. Robinson Carrier Roster Shrinks
JOC Staff |
Freight brokerage giant C.H. Robinson says its base of carriers shrank 6 percent, or 3,000 carriers, in 2009 as the recession took a toll on transportation capacity providers.<br /> <br />
Trucking News
LTL
Truck brokers
Trucking labor
Profit Jumps 300 Percent at Echo Global Logistics
William B. Cassidy |
A 65 percent leap in shipment volume helped Echo Global Logistics increase revenue 47 percent and quadruple its profit in the fourth quarter, despite falling transportation rates.<br /> <br />
Trucking News
Truck brokers
C.H. Robinson Reports $361 Million Profit
William B. Cassidy |
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.<br /> <br />
Trucking News
Truck brokers
Suggs Replaces Greer at Greatwide
William B. Cassidy |
Greatwide Logistics Services Chairman Leo Suggs replaced Raymond B. Greer as CEO of the third-party truck brokerage and logistics firm.<br /> <br />
Trucking News
Truck brokers
J.B. Hunt Profit Slides 32 Percent in 2009
Thomas L. Gallagher |
Pressure on prices drove profit down 32 percent in 2009 for trucking, brokerage and intermodal transportation provider J.B. Hunt. <br /> <br />
Trucking News
LTL
Truck brokers
Freight Brokers Would Accept Higher Bond
The Journal of Commerce Staff |
The head of the Transportation Intermediaries Association says the group could accept a 10-fold increase in bonds required for licensed freight brokers in exchange for stronger regulation of the licen
Trucking News
Truck brokers
Private Equity Firm Buys Transplace
JOC Staff |
The truckload carrier owners of Transplace sold the third-party logistics and technology operator to a New York-based private equity firm, the companies announced Tuesday, saying the deal will allow n
Truckload
Trucking News
Truck brokers
Trucker Roadrunner Expects IPO in 2010
JOC Staff |
Roadrunner Transportation Services expects to launch its initial public stock offering now that the economy is more stable and the trucking company has withstood the downturn in demand. <br />
Trucking News
LTL
Truck brokers
Roadrunner Buys Bullet Freight Systems
JOC Team |
Roadrunner Transportation Services is connecting its Midwest markets with the West Coast by acquiring Bullet Freight Systems and its logistics unit, Caliber Logistics.<br /> <br />
Trucking News
LTL
Truck brokers
Smaller 3PLs, Brokers Gain Volume, Sales
JOC Team |
Smaller logistics operators and freight brokers outperformed their larger counterparts in the third quarter, but a less-than-robust recovery is squeezing profit margins at all 3PLs, said the Transport
Trucking News
Rail News
LTL
Truck brokers
Trucking Spot Market Up 10 Percent in October
JOC Team |
Freight volume in trucking’s spot market rose 10 percent in October, said TransCore, which reported the first year-over-year increase this year in the TransCore Freight Index.<br /> <br />
Trucking News
Truck brokers
Trucker Werner Profit Slips 15 Percent
Thomas L. Gallagher |
Truckload carrier Werner Enterprises earned a profit of $18.99 million on revenue of $429.3 million in the third quarter.
Trucking News
Truck brokers
Landstar Profit Falls on Trucking, Brokerage Slide
JOC Staff |
Landstar System suffered a 38.7 percent decline in net profit in the third quarter, to $20.1 million, on a sharp drop in shipping demand across its trucking and brokerage businesses, the truckload ope
Trucking News
Truck brokers
Evans Network Acquires Two Trucking Firms
Thomas L. Gallagher |
The Evans Network of Companies acquired the container drayage, domestic truckload and brokerage assets of two southeastern U.S.
Trucking News
LTL
Truck brokers
Schneider Exec Sees Growth Coming
Bill Mongelluzzo |
Surface transportation should show modest growth through 2010 and then take off strongly in 2011 with double-digit growth in volume, a Schneider Logistics executive said Tuesday.<br /> <br />
Transport, Trade, and Regulation News
LTL
Truck brokers
North-American rail
Forwarding
Echo Global Launches IPO
JOC Staff |
Echo Global Logistics, which has grown into a $200 million company in less than five years, launched an initial public offering Friday expected to bring nearly $80 million to the third-party logistics
Transport, Trade, and Regulation News
Truck brokers
Truck Tonnage Climbs in August
Thomas L. Gallagher |
Truck tonnage climbed for the second month in a row in August, boosting the American Trucking Associations’ advance seasonally adjusted For-Hire Truck Tonnage Index another 2.1 percent over a si
Trucking News
LTL
Truck brokers
Aljex Names VP Corporate Development
x |
Kenny Nova joined Aljex Software as vice president, corporate development.
Transport, Trade, and Regulation News
Truck brokers
Feds Indict Three in Brokerage Scam
JOC Staff |
A man and his two sons are facing federal fraud charges in Pennsylvania for allegedly setting up a phony truck brokerage scheme that duped companies out of more than $1 million. <br /> <br />
Trucking News
Truck brokers
False Names, Fake Companies, Real Money
|
Nicholas Lakes and Viacheslav Berkovich used home computers, multiple cell phones, dozens of aliases and a web of false companies to cheat hundreds of victims in the trucking industry out of millions
Trucking News
Truck brokers
Putting the Screws to Scammers
William B. Cassidy |
The case of two Los Angeles-area transportation con men had all the elements of a movie thriller except a Hollywood ending — at least for the scammers.
Trucking News
Truck brokers
California Man Sentenced for Cheating Truckers
JOC Team |
The second of two California men who used information gleaned from federal Web sites to con trucking companies and brokers out of $2.7 million was sent to prison Aug. 10.<br /> <br />
Trucking News
Truck brokers
Spot Freight Availability Index Surges 33 Percent
Thomas L. Gallagher |
The volume of freight available for truckers surged 33 percent in June, far outstripping the normal seasonal increase of up to 12 percent, according to TransCore’s Freight Index.
Trucking News
LTL
Truck brokers
Carriers Must Pass DOD Surcharges to Contractors
JOC Team |
Motor carriers doing business with the Defense Department through owner-operators must pass on any fuel surcharges under an interim rule that took effect July 29.<br /> <br />
Transport, Trade, and Regulation News
Trucking News
Truck brokers
Trucking labor
Circumference America Sells Radius Rail
Thomas L. Gallagher |
Non asset-based transportation holding company Circumference America consolidated operations and sold its intermodal division, Radius Rail Logistics. <br /> <br />
Transport, Trade, and Regulation News
LTL
Truck brokers
Mullen Group Profit Falls 10 Percent
Thomas L. Gallagher |
Canadian trucking and oilfield services company the Mullen Group earned a profit of $17.8 million on revenue of $202.7 million in the second quarter. <br /> <br />
Trucking News
Truck brokers
Heartland Profit Grows, But Outlook Dim
Marcy Behrmann Frank |
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 News
Truck brokers
Into the Pool
Bill Mongelluzzo |
Maersk Line will launch a nationwide chassis pool, pushing forward the evolution of the U.S. intermodal industry.
Trucking News
Forwarding
Truck brokers
Truck Brokers Merge
John Gallagher |
Chicago-based Echo Global Logistics acquired Raytrans Distribution Services in a combination the companies say will merge size with technology.<br /> <br />
Trucking News
Truck brokers
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