Business

Heartland Express Sees Profits Jump as Fleet Gets Smaller

Heartland Express reported lower revenue but higher profits in the fourth quarter of 2018 as the company continues a program to shrink its fleet and re-establish itself as one of the nation’s most efficient truck operators.

Daniel P. Bearth | Staff Writer
January 22, 2019
Business, Logistics

RoadOne IntermodaLogistics Receives Investment From Nonantum Capital Partners

Nonantum Capital Partners announced that it is partnering with Ken Kellaway and David McLaughlin to re-capitalize RoadOne IntermodaLogistics, a company based in Randolph, Mass., that provides container drayage, transloading and warehousing services at ports and rail terminals throughout the United States.

Daniel P. Bearth | Staff Writer
January 18, 2019
Business, Logistics

J.B. Hunt Reports Mixed Fourth-Quarter Results

J.B. Hunt Transport Services reported mixed results in the fourth quarter of 2018, with a slump in intermodal shipments and charges related to an ongoing arbitration dispute with BNSF Railway overshadowing strong gains in its dedicated contract carriage, freight brokerage and over-the-road trucking businesses.

Daniel P. Bearth | Staff Writer
January 17, 2019
Government, Business, Technology, Equipment, Safety, Autonomous

Presence of Autonomous Vehicles Felt in US

WASHINGTON — Technology is changing the transportation landscape as freight carriers move toward self-driving vehicles and public officials look for new ways to develop infrastructure and prepare for what could be a major shift in traffic patterns and driving behavior.

Daniel P. Bearth | Staff Writer
January 17, 2019
Business, Technology, Top 100

Oaktree Capital Invests $450 Million in Rail Transportation Firm Watco

Oaktree Capital Management is investing $450 million and forming a strategic partnership with Watco Cos., a privately owned company that provides a broad range of rail transportation services in North America and Australia.

Daniel P. Bearth | Staff Writer
January 16, 2019
Business

Industry Leader Bill Reed Jr., CEO of Skyline Transportation, Dies

William Reed Jr., CEO of Skyline Transportation and prominent in the trucking industry for advocating for a broad number of issues, died suddenly Dec. 17 at his home in Farragut, Tenn. He was 71.

Daniel P. Bearth | Staff Writer
January 10, 2019
Government, Business

New Postal Service Business Model Creates Opportunity for Growth, Consolidation Among Private Mail Haulers

A new distribution strategy by the U.S. Postal Service is forcing fundamental changes in the way private mail contractors operate and is leading to a surge in consolidation activity.

Daniel P. Bearth | Staff Writer
January 10, 2019
Business, Logistics, Top 100

Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business

Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.

Daniel P. Bearth | Staff Writer
January 9, 2019
Business, Logistics

Gryphon Investors Buys Majority Stake in Nolan Transportation Group

Private equity firm Gryphon Investors added to its logistics portfolio with the purchase of a majority stake in Atlanta-based freight broker Nolan Transportation Group for an undisclosed amount.

Daniel P. Bearth | Staff Writer
January 7, 2019
Government, Business, Technology, Equipment, Safety, Fuel, Logistics, Autonomous

Infrastructure, Trade Loom Large for Trucking in the New Year

Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics.

Daniel P. Bearth | Staff Writer
January 4, 2019