Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts 70 Corporate, IT Jobs

U.S. XPress truck TT File Photo

After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 13, 2022
Business, Logistics, For-Hire

Trucking Continues to See Robust M&A Market

Hirshbach truck Hirschbach Motor Lines completed its acquisition May 2 of John Christner Trucking. (Hirschbach Motor Lines)

Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.

Connor D. Wolf | Staff Reporter
May 12, 2022
Business, Equipment, For-Hire

Yellow Narrows Losses, Outlines Goals

Yellow Corp. truck Yellow Corp. increased revenue 5.2% to $1.26 billion compared with $1.19 billion a year ago. (John Sommers II for Transport Topics)

Yellow Corp. posted its best first-quarter results in six years as losses narrowed and revenue increased, the company announced May 10.

Dan Ronan | Associate News Editor
May 11, 2022
Business, Technology, Equipment, For-Hire

VTNA Gets Orders for 90 More VNR Electric Trucks

Volvo VNR Electric Volvo VNR Electric Class 8 by VTNA

LONG BEACH, Calif. — Volvo Trucks North America announced NFI Industries and Quality Custom Distribution, between them, placed orders for an additional 90 Volvo VNR Electric Class 8 vehicles.

Roger Gilroy | Senior Reporter
May 11, 2022
Business, Logistics, For-Hire

U.S. Xpress Reports Earnings Loss Despite Revenue Gains

U.S. XPress truck John Sommers II for Transport Topics

U.S. Xpress Enterprises reported revenue growth but a decline in earnings for the first quarter of 2022.

Connor D. Wolf | Staff Reporter
May 9, 2022
Government, Business, Logistics, For-Hire

China’s Port Lockdowns Threaten Domestic Trucking

Port of Shanghai Containers stacked at the Port of Shanghai. Container volumes have fallen since China imposed lockdowns in March. (DW News via YouTube).

China locking down key port cities because of a new outbreak of the coronavirus could have serious ramifications for trucking in the United States.

Connor D. Wolf | Staff Reporter
May 5, 2022
Business, For-Hire

Werner Reports 24% Increase in Revenue for Q1

Werner Werner Enterprises via Facebook

Werner Enterprises posted net income of $53.7 million, or 82 cents a diluted share, for the first quarter, compared with $46.5 million, 68 cents, during the same time the previous year, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 4, 2022
Business, For-Hire

Daseke Reports 26% Rise in Revenue for Q1

Trucks on a Daseke lot (Daseke via YouTube)

Daseke Inc. experienced a 26% increase in revenue year-over-year for the first quarter, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 3, 2022
Government, Business, Technology, Fuel, For-Hire

Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals

Matt McLelland Matt McLelland by Seth Clevenger/Transport Topics

LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.

Seth Clevenger | Managing Editor, Features
May 3, 2022
Business, For-Hire

Saia Reports 112% Increase in Earnings for Q1

Saia truck Saia has opened two new terminals this year and anticipates opening four more before the end of the second quarter. (Saia)

Saia Inc. experienced a 112% year-over-year increase in total earnings for the first quarter, the company reported May 2.

Connor D. Wolf | Staff Reporter
May 2, 2022