Roadrunner Pares Losses for Full-Year 2017
Roadrunner Transportation Systems reported a net loss of $91.2 million for full-year 2017 compared with a loss of $360.3 million in 2016. The diluted loss per share was $2.37 for 2017 compared with a diluted loss per share of $9.40 for 2016.
June 22, 2018Central Oregon Truck Increases Driver Pay
Central Oregon Truck Co. implemented a pay structure that gives new drivers $65,000 a year in base pay and experienced drivers more than $90,000 a year in pay.
June 22, 2018UPS, Teamsters Resume Contract Talks as Threat of Strike Looms
The latest round of face-to-face labor negotiations between UPS Inc. and the International Brotherhood of Teamsters was slated for the week of June 18, with the threat of a strike looming over the talks if no agreement can be reached before the current five-year contract expires Aug. 1.
June 20, 2018Penske Logistics to Buy Epes Transport
Penske Logistics will acquire Epes Transport System, a Greensboro, N.C., dry-van truckload and dedicated contract carriage provider, with more than 1,100 drivers. Terms were not disclosed.
June 20, 2018Israeli Entrepreneur Races Tesla to Get Electric Trucks on Road
Tevva Motors Ltd., headed by a former Israeli submariner who’s vying with Elon Musk’s Tesla Inc. to develop electric-powered trucks, secured a major investment that will enable it to put the vehicles on the road this year.
June 19, 2018UPS Invests $130 Million in Natural Gas Vehicles, Infrastructure
UPS Inc. announced an additional $130 million investment in compressed natural gas vehicles, including 400 semi-tractors and 330 terminal trucks and five more fueling stations — underscoring the company’s role as a major catalyst for wide-scale adoption of natural gas vehicles.
June 19, 2018Amazon’s No Enemy — In Fact, It Needs Us, U.S. Xpress CEO Says
A vague mention of Amazon.com Inc.’s interest in any sector might be enough to send investors into a tizzy, but the top executive of U.S. Xpress Enterprises Inc. is unfazed.
June 18, 2018Wyoming Supreme Court Reverses Lower Court Ruling on CRST Wrongful Death Lawsuit
CRST International Inc. must stand trial in connection with a wrongful death lawsuit after a state supreme court overturned a lower court’s ruling in favor of the trucking company, according to court documents.
June 14, 2018Trucking Industry Adjusts to ELD Mandate as Focus on HOS Compliance Sharpens
The U.S. trucking industry is continuing to adjust to the federal electronic logging device mandate that took effect late last year.
June 13, 2018KAG Merges Two Units Into Merchant Gas Group
Kenan Advantage Group Inc. announced it merged its two merchant gas subsidiaries — Jack B. Kelley and Cryogenic Transportation — into KAG Merchant Gas Group.
June 12, 2018