Trucking

Company about to move the delivery cheese again.

USA Truck (NASDAQ: USAK) posted its most profitable first quarter results since 2006 on April 25. The quarter is now the seventh straight quarter of profitability.

Covenant Transportation Group (NASDAQ: CVTI) posted adjusted earnings per share (EPS) of $0.27 for the first quarter of 2019, beating analyst estimates and edging past the expectations the company itself announced earlier this quarter.

A panel in Blockchain Expo 2019 spoke on how blockchain solutions can be used for increasing transparency, profitability and provenance in supply chains across a variety of markets.

The company’s net income in the first quarter was $37.1 million, or $0.98 cents per diluted share, up 76.6 percent compared to net income of $21 million, or $0.51 per diluted share, in the first quarter of 2018. This exceeded analysts’ expectations of $0.88 per share for the first quarter of 2019.

CEO Paul Svindland calls settlement “milestone” in path to stability after hit from financial scandal.

World’s largest ocean freight forwarder sees volume growth thanks to Asian export markets and its niche plays in pharma and healthcare.

Port Logistics Group, one of the nation’s leading providers of omnichannel logistics services, announced its acquisition of Whiplash Merchandising, Inc. on April 24, effective immediately.

Bottom line comes in light. Investors wary to unimpressed.

Ford invests $500M in electric pickup maker; plus U.S. may be pulling freight from trucking, India seeks logistics technology upgrades, and scientists call for unity on electric vehicles.

Retail rebounded from a disappointing February in March, with the growth rate climbing from 2.2 percent to 3.6 percent year-over-year. It was one of the strongest rebounds seen in the retail sector since mid-2017.

In partnership with Reliance Partners …

Truckers often are under a lot of stress due to being away from their family for days at end, erratic sleep cycles, and other issues while they haul freight. Communicating with their dispatchers and retrospecting stress-related incidents are key to reducing stress.

Despite its takeover by ocean carrier, Swiss freight forwarder keeping it multi-modal with introduction of rail service from China to Europe.

Ashley Coker IMAGE: SHUTTERSTOCK The amount of capacity that has flooded the market in 2019 has put downward pressure on rates. Rates for long distance trucking declined for the third straight month in March, and year-over-year growth continued to decelerate, falling below 5 percent. While falling rates are making the market feel soft for carriers […]

Rush Enterprises (NASDAQ:RUSHA) reported strong first quarter 2019 revenues of nearly $1.34 billion on April 24, up 8.7 percent from $1.24 billion compared with the previous year.

Forty ships detained in 2018 as federal inspectors begin exposing U.S.-flag safety data.

Kenworth will increase the size its Chillicothe, Ohio, manufacturing plant by nearly 25 percent once a new paint facility comes online in early 2021, the company said at a groundbreaking for the $140-million, 120,000-square-foot building.

Centers set for redesign for different inventory.

Women In Trucking Association (WIT) named Judy R. McReynolds, chairman, president and chief executive officer of ArcBest, the winner of the fifth annual Women In Trucking Association’s Distinguished Woman in Logistics Award (DWLA).

Technology is disrupting the logistics industry at a breakneck pace, and brokerages are not exempt from the changes. While new technologies are intended to help companies run smoother, the implementation process can be riddled with challenges.