LTL

Trucking executives may get the driver shortage they fear unless they reverse wage trends in the industry, an investment research firm warned today.

Trucking company Old Dominion Freight Line expanded its international freight forwarding business, opening four regional command centers to guide shipments through its domestic and global networks.

Roadrunner Transportation Services completed an initial public offering, becoming one of a very few trucking and logistics companies to go public in recent years.

The nation's freight tonnage shrank almost 13 percent last year, but is set to expand 25 percent by 2021, according to a report by the American Trucking Associations.

Con-way will sell some 4.3 million shares of its stock in a special offering aimed at bringing new cash into the trucking and logistics company for what Con-way said would be “general corporate

Con-way Freight is expanding its international partnership with TNT to bring trans-Atlantic freight to Miami and Los Angeles.

YRC Worldwide will have a "global solution" to mounting pension and financial obligations within a few months, Chairman, CEO and President William D.

YRC Worldwide sees signs of recovery in the freight that hit its docks in March and April, but the surge came too late to stave off a steep first quarter loss.

Con-way reported a $4 million net loss for the first quarter, including a $3.2 million operating loss at Con-way Freight, despite soaring freight volume.

YRC Worldwide has enough support to survive 2010, despite a first quarter loss of more than a quarter of a billion dollars, transportation investment analysts said today.

YRC Worldwide reported a net loss of $274 million on $1.1 billion in revenue in the first quarter of 2010, despite deep cuts in operating expenses from a year ago.

YRC Worldwide is reaching deep into other modes of transportation as well as investment banking and corporate restructuring as its remakes its board of directors.

Truck rates paid by Canadian shippers increased in February, rising from a 1.6 percent drop in January, according to the Canadian General Freight Index.

Toronto-based trucker Vitran says price discounting in the less-than-truckload world appears to be leveling off, helping the carrier improve its financial picture this year.

Averitt Express added intermodal trailer and container operations to its line of trucking and other services as part of its “full-load/volume transportation” package for customers.

Old Dominion Freight Line profit jumped 93 percent in the first quarter, the first year-over-year increase since the third quarter of 2008.

Trucking rates have nowhere to go but up, and they’re ready now, several speakers told freight shippers Tuesday at NASSTRAC's annual conference.

Trucking company FedEx Freight, which has pointedly rejected rail transport in the past, could switch and turn to intermodal in coming years if the price is right and customers want the option.

Trucking executives say they are increasingly concerned that federal transportation policies could lead to underinvestment in highways, roads and bridges.

ABF Freight System workers in Connecticut were credited with helping police seize 13.5 pounds of marijuana and arrest two people on drug charges.

ABF Freight System lost $35.7 million in the first quarter, a 25 percent larger loss than a year ago, as shipments rose from a year ago but declined from the fourth quarter.

Third-party logistics giant C.H.

Teamsters at ABF Freight System will vote on a proposed 15 percent wage cut early next month, after ballots are mailed on or about April 30, the Teamsters union said.

Workers at ABF Freight System will give up 15 percent of their wages but retain full pension benefits under a tentative concession plan approved today by local Teamster leaders.

ABF Freight System reached a tentative agreement on new contract terms with the Teamsters union that will likely include wage and work concessions aimed at cutting the trucking company’s operati

Domestic intermodal rail weathered the economic recession better than most transportation modes, and the industry appears now to be on the verge of experiencing unprecedented growth.

Timothy A. Wicks resigned his post as president and chief operating officer of YRC Worldwide today to return to his former employer, United Healthcare.

ABF Freight System agreed to an independent review of its finances as it seeks concessions from the International Brotherhood of Teamsters.

Trucking giant YRC Worldwide says its daily shipment volume improved month-to-month in the first quarter, but business levels remained depressed from a year ago.

Less-than-truckload carrier Estes is changing its freight routing network to speed shipments moving between its Midwestern terminals and other U.S. markets.

UPS is deploying 200 hybrid diesel-electric delivery trucks in eight cities across the United States, increasing the size of its hybrid electric fleet by 400 percent.

The select group of trucking companies with more than a billion dollars in annual revenue shrank last year, as four companies fell below the revenue threshold.

The two largest trucking businesses increased their market share last year despite falling revenue, holding onto business better than many of their smaller competitors.

Con-way Freight and TNT are expanding their trans-Atlantic partnership to include shipping U.S. exports to Europe, targeting freight shipments weighing more than 150 pounds.

The less-than-truckload sector is yielding to the demands of yield, carrier executives insist, turning from price-cutting aimed at rapidly gaining market share to rebuilding profit.

Truck tonnage increased 2.6 percent last month, compared with February 2009, according to the American Trucking Associations’ advance seasonally adjusted index.

The value of YRC Worldwide’s stock climbed nearly 20 percent yesterday, rising from 45.5 cents to 56 cents a share on the Nasdaq stock exchange.

YRC is simplifying pricing for expedited less-than-truckload freight as it tries to entice new customers and win back freight transferred to other LTL carriers.

Logistics provider Geodis said it is in talks to acquire the northern and southern European divisions of Giraud, the European road transport company, and hopes to win regulatory approval for the deal

An increase in trucking company advertising underscores how quickly demand for truck drivers is growing, says a transportation advertising executive.