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.
UPS Freight is adding liquefied natural gas-powered tractors to its less-than-truckload fleet, cutting emissions and, hopefully, long-term term fuel costs. Shippers still want trucking partners to help them reach sustainability goals.
The picketing by independent harbor truckers serving the ports of Los Angeles and Long Beach got some attention in Congress after a congresswoman on Wednesday highlighted their efforts and asked whether the federal government could come to their aid.
The softening U.S. truckload spot market and more balanced capacity point to shippers seeking to secure more trucks from asset-based contractual partners.
As the U.S. economy came screeching to a halt in the first quarter — at least those parts that contribute to gross domestic product growth — UPS improved revenue, shipment volumes and profit, a sign that things may not be as bad as the economic indicators seem to say.