Business

J.B. Hunt Transport Earnings Rise

J.B. Hunt Transport Services Inc. reported that its fourth-quarter net income rose 9.4% to $91.9 million, or 77 cents per share, helped by stronger intermodal, brokerage and dedicated freight business.

Rip Watson | Special to Transport Topics
January 23, 2014
Business

Teamster Workers to Vote on New YRC Contract Plan

Teamsters union members at YRC Worldwide Inc. will vote Jan. 25 and 26 on a revised contract extension proposal, which is on a fast track as the first $69 million of debt repayment looms in about three weeks.

Rip Watson | Special to Transport Topics
January 22, 2014
Business

ATA Tonnage Index Rises 8.2% in Dec., Hits Another Record

American Trucking Associations said its tonnage index rose 8.2% last month, reaching another record, capping the strongest year since 1998 and reflecting increasing strength across broad economic sectors.

Rip Watson | Special to Transport Topics
January 22, 2014
Business

YRC, Teamsters Announce Tentative New Deal

YRC Worldwide and the Teamsters union said late Jan. 17 that they have reached a tentative new labor agreement to help the carrier deal with its debt and financial situation.

Rip Watson | Special to Transport Topics
January 21, 2014
Business

UPS Says Holiday Surge, Short Season Lowered Profits

UPS Inc. said an unexpected surge of last-minute Internet gift orders during a compressed peak holiday season strained its delivery system, leading to fourth-quarter earnings of about $1.25 per share, or 18 cents below Wall Street estimates.

Rip Watson | Special to Transport Topics
January 17, 2014
Business

YRC Continues Teamsters Talks, Sees Revised Plan After Extension Rejected

YRC Worldwide Inc. said is evaluating new approaches to its long-term contract situation in talks with the Teamsters union after last week’s rejection of an extension that would have solidified the carrier’s financial situation.

Rip Watson | Special to Transport Topics
January 16, 2014
Business

UPS Freight Teamsters Approve 5-Year Pact

UPS Freight employees in the Teamsters union approved a five-year agreement that gives workers a total $2.50 per hour wage boost that the union said makes them the best-paid drivers in the less-than-truckload industry.

Rip Watson | Special to Transport Topics
January 13, 2014
Business

YRC Teamsters Reject Contract Plan

Teamsters at YRC Worldwide Inc. rejected a contract extension that the company said was crucial to refinancing its debt and ensuring long-term stability.

Rip Watson | Special to Transport Topics
January 10, 2014
Business

Union Leaders Endorse New UPS Freight Deal, Clearing Way for Vote

Local Teamsters leaders  cleared the way for members in UPS Inc.’s Freight unit to vote on a new tentative contract that  comes seven months after the company’s original proposal was rejected by the union by a wide margin.

Rip Watson | Special to Transport Topics
January 7, 2014
Business

Steve O’Kane to Retire at A. Duie Pyle

A. Duie Pyle Cos. President Steve O’Kane is retiring this month, and Randy Swart was named chief operating officer to lead the less-than-truckload operation.

Rip Watson | Special to Transport Topics
January 7, 2014