Most LTL Profits Rise in 2Q, Lifted by Higher Freight Rates
Second-quarter earnings in the less-than-truckload sector mostly trended upward, fleets said last week, although profitability at the third-largest LTL carrier, Con-way Freight, declined by 16%.
August 3, 2015Carriers Seek Dismissal of Suits Filed by TransVantage Bankruptcy Trustee
More than 265 carriers, including dozens from the Transport Topics Top 100 list, are seeking to dismiss claims by the trustee for bankrupt freight payment firm TransVantage.
August 3, 2015UPS Expands Access Point Delivery Option
UPS Inc. is expanding its Access Point shipment pickup option program in more than 90 metropolitan areas this summer to add delivery alternatives for customers and carriers.
July 31, 2015Union Pacific’s Fritz to Become Chairman on Oct. 1
Union Pacific Corp. selected CEO Lance Fritz to become its chairman Oct. 1 when Jack Koraleski retires from the post after 43 years at the railroad.
July 31, 2015Transport United Buys North & South Logistics
Transport United Inc., which offers less-than-truckload and other freight services, announced the acquisition of North & South Logistics Inc., a freight broker, to add non-asset-based services.
July 31, 2015YRC Worldwide Net Income Hits $26 Million
YRC Worldwide Inc. reversed a year-earlier period loss and posted second-quarter net income of $26 million, or 80 cents per share, helped by improving rates and declining injury-related costs.
July 30, 2015Con-way Net Income Drops 18% on Lower LTL, TL Profits
Net income fell 18% at Con-way Inc. in the second quarter, pushed down by weaker results at its less-than-truckload and truckload businesses.
July 30, 2015Roadrunner Buys Stagecoach to Boost Cross-Border Service
Roadrunner Transportation Systems Inc. announced the acquisition of Stagecoach Cartage and Distribution, a cross-border logistics specialist, for at least $35 million to expand the buyer’s U.S.-Mexico services.
July 28, 2015Intermodal Volume Setting Record Pace, But Operational Issues Plague Shippers
Truck-rail intermodal companies are standing on peaks of record volume, but an array of operational, financial and technical issues will challenge their ability to sustain current levels and continue growing, industry experts said.
July 27, 2015Rate Gains Help Most TL Firms to Boost Second-Quarter Profits
Several of the nation’s largest truckload fleets last week reported higher second-quarter earnings, benefiting from higher prices as industrywide rates stand at record levels.
July 27, 2015