Trucking Logistics

A steep drop in fuel surcharges coupled with an increase in driver wages helped drag profit and revenue down at Con-way Freight and Con-way Truckload. Menlo Logistics lost revenue, but managed to increase profit.

Celadon tractor
A successful acquisition strategy, the opening of new driver schools and expanded capacity drove Celadon Group’s revenue to a historic high mark in the 2015 fiscal year ending June 30.

A slew of acquisitions helped Roadrunner Transportation increase truckload revenue. The company's LTL revenue, volume and tonnage dropped, but profits climbed.

The lingering effects of a 2013 acquisition also pulled down second-quarter profits at truckload carrier Heartland Express.

U.S. trucking companies continue to make more from less, with Saia, the 10th-largest U.S. less-than-truckload carrier, reporting bigger second-quarter profits on reduced revenue and tonnage.

Los Angeles-Long Beach is moving slowly toward a dual system of drayage in which some drivers are becoming unionized employees, while others prefer to remain independent contractors. Eventually, the result could be a sufficient pool of drivers to serve the 13 container terminals in the largest U.S. port complex, resulting in service and pricing consistency for the shippers that depend on harbor drivers.

C.H. Robinson reported higher net revenues on land and sea as shippers apparently turned to the largest U.S. logistics company to secure capacity in the second quarter. The acquisition of Freightquote last year contributed to higher net revenue and higher truckload and LTL volumes.

Swift Transportation last year led the trucking industry in raising driver pay, and that pay raise, however costly, is paying off handsomely for the largest U.S. truckload carrier as driver retention improves and profits rise 27 percent from a year ago.

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.