Business, Logistics, TCA, Top 100

U.S. Xpress Revenue Grows 21.4% in Past Year

U.S. XPress truck TT file photo

A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
August 3, 2018
Business, Logistics, Top 100

YRC Worldwide Reports Mixed 2Q Earnings Compared With 2017

YRC Worldwide truck TT file photo

YRC Worldwide Inc. reported a decline in second-quarter net income, even as operating revenue increased.

Dan Ronan | Associate News Editor
August 2, 2018
Business, Logistics, Top 100

Saia Follows Industry Trend With Record Earnings in 2Q

Saia truck with twin trailers Saia Trucking

In the midst of a buoyant economy, less-than-truckload carrier Saia Inc. on Aug. 1 reported record second-quarter earnings. Saia said operating revenue was up nearly 18%, reaching nearly $428.7 million, or $1.18 a share, compared with $364.4 million, or 69 cents a share, for the same period in 2017.

Dan Ronan | Associate News Editor
August 1, 2018
Business, Top 100

Universal Logistics Holdings Reports Revenue Record for 2Q

Universal Holdings truck Universal Logistics Holdings Inc.

Universal Logistics Holdings Inc., a Warren, Mich., truckload carrier, said the company set a record for total operating revenue in the second quarter, reaching $366 million compared with $305 million in 2017.

July 27, 2018
Business, Technology, Fuel, Top 100

New CNG Station Opens in Central Virginia

American Natural Gas station American Natural Gas

American Natural Gas announced it opened a fast-fill compressed natural gas station in Lynchburg, Va. The facility will primarily serve CNG tractor-trailers operated from a nearby plant of PepsiCo Inc.’s Frito-Lay division, but it will also be open to the public.

July 27, 2018
Business, Logistics, Top 100

Forward Air Reports Strong 2Q Earnings

Forward Air trailer John Sommers II for Transport Topics

Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.

Dan Ronan | Associate News Editor
July 26, 2018
Government, Business, Top 100

Controversial $10 Million Toll Study Approved in Connecticut

formulanone/Flickr

Connecticut’s State Bond Commission recently approved a $10 million study to assess the feasibility of tolling on certain routes in the state.

Eleanor Lamb | Staff Reporter
July 26, 2018
Business, Logistics, Top 100

Landstar Profit Jumps on Record Revenue

Landstar truck Landstar System Inc.

Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Logistics, Top 100

UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions

Victor J. Blue/Bloomberg News

UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.

Thomas Black | Bloomberg News
July 26, 2018
Business, Logistics, Top 100

Covenant Profits Jump on 20% Revenue Rise

Covenant truck Daniel Dubois

Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.

Burney Simpson | Staff Reporter
July 26, 2018

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