Top 100
Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall
Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years.
Heartland Express Continues to Post Profit Improvement
Heartland Express Inc. reported another quarter of profit improvement despite a weakening freight environment and bad weather in the first quarter of 2019.
Roadrunner Board Nominates Donald Brown, Christopher Jamroz
Roadrunner Transportation Systems Inc.’s board of directors has nominated Donald Brown and Christopher Jamroz for election to the board at its annual meeting to be held May 22.
April 22, 2019P.A.M. Transportation Reports Record 1Q Earnings
Continuing a trend that started in 2017, higher rates from customers in a strong freight market produced record profits for P.A.M. Transportation Services in the first quarter of 2019.
UPS CEO David Abney Earns Horatio Alger Award
For more than 70 years, the Horatio Alger award has been bestowed upon individuals who have overcome adversity to achieve success and remained committed to both higher education and helping others. So UPS CEO David Abney is in good company. But his 3-year-old grandson's reaction to the news has kept him humble.
J.B. Hunt Earnings, Revenue Higher in 1Q, but Miss Wall Street Projections
J.B. Hunt Transport Services reported on April 15 a year-over-year bump of 7% in first-quarter revenue to $2.09 billion compared with $1.95 billion for the same period in 2018.
Prognostics Takes Shape as the Future of Truck Repair
Condition-based maintenance is coming to commercial vehicles, and bringing with it transformative possibilities to expand real-time operational insights, foster an improved warranty process and, perhaps, accelerate sales of replacement parts, experts said.
Ryder to Shutter California Distribution Center, Lay Off 145 Workers
Trucking and logistics company Ryder System will cease operations at its Moreno Valley, Calif., distribution center, leading to layoffs for 145 employees there.
Old Dominion Freight Line Unveils Interactive Signage at Mets’ Citi Field
Old Dominion Freight Line is upping its advertising game this season with the New York Mets. The company partnered with Chicago-based Czarnowski to create a three-dimensional replica of an ODFL tractor-trailer at Citi Field.
Three Former Roadrunner Executives Charged With Fraud
The Securities and Exchange Commission has formally charged the former chief financial officer and two of his associates at Roadrunner Transportation Systems with accounting fraud and misleading investors about the company’s financial results.