Trucking Logistics

Roadrunner Transportation Systems has acquired Stagecoach Cartage and Distribution for $35 million, continuing the buying spree it embarked on in 2013 as merger and acquisition activity dominates the transportation and logistics industries.

Universal Truckload Services’ second quarter profit and revenue slipped amid reduced truckload demand, but the company said volume and pricing strengthened for other businesses, notably intermodal drayage.

Old Dominion Freight Line, the fifth-largest U.S. less-than-truckload carrier, has opened a 24-door terminal at Sidney, Montana, to handle growing traffic from the region’s oil and agriculture businesses.

Truck maker Paccar expects to sell more Class 8 tractors this year than last because motor carriers are enjoying higher rates and seeking more demand.

If U.S. shippers feel less pain when it comes time to pay freight bills this year, they can thank the worldwide oil glut. With the third quarter under way, the very significant impact of the collapse in oil and fuel prices over the past year on U.S. freight transportation is clear.

U.S. freight volume will jump 29 percent in the next 11 years, with growing energy production resulting in pipelines taking a larger slice of total tonnage, and trucking and railroads’ seeing their share shrink, according to report released Monday.

Truck and traffic moving across America on interstate I-10, Arizona
Trucking companies may have eased back on the pricing pedal for a few months as the economy hit a soft patch, but they’re likely to regain some traction and exert more pressure in the coming year as the economy expands and capacity tightens.

New England Motor Freight will open a 44-door terminal in Indianapolis July 27 as the multi-regional carrier builds density in lanes connecting the East Coast and Midwest.

Canadian LTL and parcel operator Dicom is expanding in the U.S., completing its fourth acquisition in less than a year this week with the purchase of Extra Express in Los Angeles. The parcel and freight carrier seeks a bigger share of the final-mile transportation market on both sides of the U.S.-Canadian border.

A surge in freight demand from new and existing customers pushed Landstar System's second-quarter revenue and freight volumes up, in some cases by double digits. The company's owner-operator fleet is now larger than it was at the end of 2006, before the recession.