XPO Logistics will nearly triple its drayage capacity through the acquisition of Bridge Terminal Transport for $100 million.
Eco Flow, a Southern California harbor trucking company backed by a venture capital firm in Los Angeles, on Monday announced with the Teamsters union the formation of a motor carrier with employee drivers.
For the first time in seven years, ArcBest Corporation posted a first-quarter profit, thanks in large part to competitive pricing in spite of diminishing volumes, the company said Monday.
More driving schools, acquisitions and an expanded owner-operator fleet helped Celadon Trucking field more capacity and increase revenue and profit in the first quarter.
Delays in processing high volumes of containers at West Coast warehouses and DCs point to the need for better packing and loading of containers in Asia, a trucking executive says.
YRC Worldwide is "transitioning to a state of profitability," cutting freight that won't pay its way and raising prices. The LTL operator is willing to accept fewer shipments and less revenue if its bottom line can eventually come out on top.
Drivers who walked off their jobs on Monday at three harbor drayage companies in Southern California to protest alleged misclassification and wage theft returned to work Friday, according to a statement by the Teamsters-affiliated Justice for Port Truck Drivers.
Despite sluggish volumes, higher pricing helped boost first-quarter earnings to record levels, freight carrier Saia reported this week.
Old Dominion Freight Line didn't brake for the general slowdown apparent in first-quarter U.S. GDP. The less-than-truckload carrier reinvested earnings in expansion.