It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.
The asset light logistics provider had financial records across the board and in a driver squeeze, added capacity.
Covenant Transportation Group (NASDAQ: CVTI) reported a total revenue jump of 19.5 percent to $196.3 million in the second quarter of 2018 during its earnings call Thursday. The company also posted a 17.2 percent increase in freight revenue to $170.6 million year-over-year.
The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.
Used truck prices in June were changed little month-over-month, but posted a 15% increase over June 2017, according to ACT Research.
The 3PL company saw its revenue climb in both its key units, with its services in demand in a tight market.
Knight-Swift Transportation Holdings (NYSE: KNX) reported revenue growth and rising income across much of the company, with the notable exception of Swift’s refrigerated segment, during its second quarter 2018 earnings call.
Rush Enterprises posted an increase in second-quarter revenue buoyed by strong used-truck sales and significant growth in its aftermarket business, which accounts for 64.8% of the company’s gross profits.
UPS reported strong revenue supported by pricing and targeted growth initiatives during its second quarter earnings call Wednesday. Adjusted earnings per share climbed 23 percent to $1.94, and total revenue was up nearly 10 percent.
Growth in its dedicated and ChoiceLease programs drove a strong second quarter for Ryder System (NYSE: R), helping the leasing and rental giant surpass earnings expectations for the second straight quarter.
The truckload carrier is relatively small, but it had a tremendous second quarter.
Despite repeated efforts, confusion still reigns when it comes to hours-of-service compliance and when drivers can use personal conveyance or the agriculture exemptions available.
Among today’s highlights: a drop in spot rates, Werner comments on driver availability, Rhode Island collects more than expected
Werner Enterprises had a strong second quarter, trouncing analyst consensus on its expected performance. Here are some of the highlights from its earnings release.
The driver pulling frac sand had drugs in his system and had numerous moving violations. That ultimately is what appears to have led to such an enormous penalty.
The summer truck shows reflect a lot that’s good about trucking: fellowship, pride and contributions to the community
A deaf trucker got his CDL, got a pass from FMCSA, had a job, but Werner said the law wouldn’t allow it to hire him. Now the case is in court.
Family owned TEC Equipment operates 26 Mack and Volvo truck dealerships in five states. In June, the company opened a $30 million location in Fontana, CA. Here is a look at that facility.
Daimler Trucks North America is recalling 18,105 2018-2019 Freightliner Cascadia vehicles for a brake caliper mounting bolt issue, the company informed the National Highway Traffic Safety Administration.
Covering 14 acres, TEC Equipment’s new Mack/Volvo dealership in Fontana, CA, is designed to improve customer service and features many driver amenities.
