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Broader use of technology to accurately measure shipment dimension and weight helped less-than-truckload carrier Saia better price freight in 2014, contributing to an overall improvement in revenue, yield and profit, the company said last week. The LTL carrier’s fourth-quarter net profit jumped 68 percent year-over-year to $13.6 million. For the full year, net profit rose 19.2 percent to $52 million. Revenue in the fourth quarter was 10.7 percent higher than a year ago, at $309.6 million. Saia increased revenue 11.7 percent for all of 2014, posting $1.27 billion in revenue compared with $1.14 billion in 2013. Plenty of factors internal...

LTL trucker Saia increased revenue and profit for 2014 and the fourth quarter. New equipment that captures the cubic dimension and weight of shipments helped.

Trucking News

Saia adds new dimension to LTL pricing, increasing profit

THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts

US truckload rates unlikely to see major holiday bump amid tepid peak season

Carrier CEOs issue COP28-linked statement urging action on energy transition

MPV/HL carriers weigh costly, time-consuming alternatives to Panama Canal   

Swire Projects launches project cargo liner service to avoid Panama Canal delays

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Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia.  

As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead of what typically is the busy holiday season.

The rare joint statement reiterates earlier comments by container lines that a greenhouse gas pricing mechanism is needed to make green fuel competitive with traditional bunkers during the phase when both fuels will be in use.

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The Journal of Commerce’s trucking news and analysis encompasses full truckload, less-than-truckload (LTL), private fleet trucking, refrigerated trucking, regulation, drayage, and transloading. Reporting centers on pricing, volume demand, capacity, labor, regulation, and service levels in US and Canadian trucking networks.&nbsp;
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The Journal of Commerce’s surface transport news and analysis focuses on landside transport movement — from railroad news to trucking news — including full load trucking, less-than-truckload (LTL), refrigerated (or reefer) trucking, flatbed and domestic and international intermodal rail, and how it connects with seaports, inland rail hubs, distribution centers and transloading operations. Reporting on the surface transport sector covers the movement of domestic shipments within the United States and international cargoes transported via domestic equipment including trailers and 53-foot containers.&nbsp;

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THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts

US truckload rates unlikely to see major holiday bump amid tepid peak season

Carrier CEOs issue COP28-linked statement urging action on energy transition