Business

Most Fleets, Logistics Firms Record Weaker 1Q Earnings

Five more trucking and logistics companies have announced weaker results, capping a first-quarter earnings season when the slow freight market led more than two-thirds of publicly traded companies to produce lower results year-over-year.

Rip Watson | Special to Transport Topics
May 9, 2016
Business, Logistics

XPO First-Quarter Loss Narrows Slightly; Expeditors Profit Declines

XPO Logistics slightly reduced its first-quarter loss, excluding one-time costs, to $9.8 million, or 8 cents per share, while earnings slipped 9% to $96.6 million, or 53 cents, as airfreight and ocean forwarding results weakened.

Rip Watson | Special to Transport Topics
May 3, 2016
Business

Truckload Driver Turnover Climbs

Turnover at smaller truckload fleets leaped 21 percentage points in the fourth quarter of 2015, while churn at larger carriers reached even more elevated levels in spite of lackluster freight demand, American Trucking Associations reported last week.

Rip Watson | Special to Transport Topics
May 2, 2016
Business

Major Logistics Firms Post Higher 1Q Profits

Quarterly earnings reports last week were divided between four logistics operators that reported improved operating results and four truckload fleets whose profits fell due to pressure on rates and minimal freight shipment growth.

Rip Watson | Special to Transport Topics
May 2, 2016
Business

Trucking Companies Continue to Report Weaker Results

Earnings performance generally was weaker at the five companies that announced earnings on April 27 in a freight market described by one of the reporting companies as “difficult.”

Rip Watson | Special to Transport Topics
April 28, 2016
Business

NLRB Action Claims Intermodal Bridge Transport Misclassified Drivers

Intermodal Bridge Transport, a nationwide port trucking company, is facing a formal National Labor Relations Board action that could become a precedent-setting case involving claims the company misclassified its Southern California drivers as independent contractors.

Rip Watson | Special to Transport Topics
April 26, 2016
Business, Safety, Autonomous

March Tonnage Increases 2.2% Amid Slow Economic Growth

Truck tonnage rose 2.2% in March on a year-over-year basis, reflecting slow economic growth and mixed freight trends, American Trucking Associations reported.

Rip Watson | Special to Transport Topics
April 25, 2016
Business

Difficult Freight Market Hurts Truckload Earnings

The initial round of first-quarter truckload earnings sounded a negative note, with three of four large carriers reporting weaker results in a tough freight environment.

Rip Watson | Special to Transport Topics
April 25, 2016
Business

Forward Air, Marten Earnings Rise, But Profit Slips at Swift

Expedited carrier Forward Air Corp. and refrigerated fleet Marten Transport Ltd. reported higher earnings as the parade of first-quarter truckload results continues, but Swift Transportation Co. net income dipped amid continuing pressure in the dry van freight market.

Rip Watson | Special to Transport Topics
April 21, 2016
Business

Fleet Failures Rise Sharply

Fleet failures rose sharply in the first quarter as slackening demand, stagnant freight rates and other factors sidelined 3,585 trucks, about three times more than the same quarter last year as well as the final three months of 2015, according to a new Avondale Partners report.

Rip Watson | Special to Transport Topics
April 18, 2016