M&K Truck Centers Promotes Pilecki to President
Truck dealership M&K Truck Centers promoted Ted Pilecki to president, effective immediately.
April 30, 2018Old Dominion Freight Line Posts Record First-Quarter Revenue of $925 Million
Old Dominion Freight Line Inc. reported total revenue for the first quarter increased by more than 22% to $925 million, the first time quarterly revenue exceeded $900 million in the company’s history. In 2017, first-quarter revenue was $754 million. Old Dominion said this is the fourth consecutive quarter of double-digit revenue growth.
April 26, 2018Editorial: The Ceiling on a Hot Freight Market
As the U.S. economy and truck tonnage continue to power forward, trucking companies are enjoying the benefits of a hot freight market where their services are in high demand. At the same time, tight hauling capacity is making it tougher for shippers to find the trucks needed to transport their goods.
April 26, 2018XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts
XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.
April 24, 2018TravelCenters Receives $10.7 Million From Comdata in Lawsuit
TravelCenters of America reported that Delaware’s Chancery Court awarded attorney’s fees and costs that the company incurred in its litigation with Comdata Inc., the Brentwood, Tenn.-based payments firm and division of Fleetcor. TravelCenters reported that Comdata on April 13 reimbursed about $10.7 million in costs and interest.
April 23, 2018Technology Firm Project44 Raises $35 Million in New Funding Round
Logistics technology firm project44 announced April 17 it raised $35 million in a new funding round led by OpenView Venture Partners.
April 23, 2018DHL Express Expands New York City Operations
DHL Express U.S. has invested more than $13 million in two facilities in New York City to support international trade growth and the rise of international e-commerce, the company announced.
April 18, 2018US Industrial Space Declines for 31st Consecutive Quarter
The amount of industrial space in the United States declined for the 31st straight quarter in the first three months of 2018, according to CBRE Group.
April 13, 2018Expediter Services to Highlight Truck Ownership Program at Conference
Financial services firm Expediter Services will feature its truck ownership program for independent contractors and fleet drivers during its ES Group Gathering on April 27-28 in Southaven, Miss.
April 13, 2018DTNA to Recall More Than 7,000 Western Star Trucks
Daimler Trucks North America will conduct a voluntary safety recall on up to 7,128 Western Star trucks over wiring issues that could increase the risk of fire.
April 12, 2018