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.
FleetPride Names Allan Dragone Jr. as CEO
Parts distributor FleetPride announced that it named Allan Dragone Jr. as its CEO. He takes over for Donald Sturdivant, a board member who assumed the position last year.
March 25, 2016Fleet Failures Increase in 4Q; Pace Could Accelerate in 2016
Fleet failures increased sharply in the fourth quarter of 2015 and are likely to keep climbing this year as freight demand softens, a new report said.
FleetPride Names Sturdivant CEO
Aftermarket parts supply company FleetPride announced that interim CEO Don Sturdivant has been appointed to that position on a permanent basis.
June 30, 2015Regional LTL Benton Global Ends Operations; First Publicly Announced Failure This Year
Benton Global, a regional less-than-truckload operator in the Southeast, has closed its doors, representing the first publicly announced fleet failure this year.
March 9, 2015ATA Sells Truck Fleet Management to Bobit
Truck Fleet Management, a magazine run by Transport Topics Publishing Group to cover work trucks and other medium-duty vehicles, has been sold to Bobit Business Media.
November 5, 2014Omnitracs Names Post President and COO; Ellis Departs Company
Trucking technology vendor Omnitracs has named David Post as its president and chief operating officer, marking the latest addition to its leadership team since Vista Equity Partners acquired the business from Qualcomm Inc. late last year.
Class 8 Fleet Grows 2.8% in 4Q to Highest Level in Five Years
The U.S. heavy-duty truck fleet grew 2.8% in the fourth quarter from a year ago to the largest size in five years, as carriers purchased mainly replacement equipment while gradually expanding their operations, according to a new report.
March 3, 2014Class 8 Fleet Grows to 4-Year High
The total U.S. Class 8 truck fleet expanded to 3.63 million vehicles at the end of the third quarter, the highest level in four years and up 3% from the same period a year earlier, according to registration data from R.L. Polk & Co.
Fleet Survivors Primed for Growth as Economy Improves, Graves Says
Many years of navigating through a challenging economic and legislative environment has left trucking fleets more efficient than ever and primed to take advantage of new business opportunities, according to the president of American Trucking Associations.
October 7, 2013