Central Freight Lines shuts down, U.S. Xpress fires truckload exec and ACT releases driver hiring data Central Freight Lines to shut down after 96 years Central Freight Lines to shut down after 96 years Central Freight Lines is shutting down after 96 years in operation. The LTL carrier based in Waco, Texas, has over 2,100 […]
U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.
U.S. Xpress announced that it has amended its credit facility to provide the company with a little more flexibility on its financial covenants as an act of prudence.
Two of the nation’s largest truckload carriers said they are seeing green shoots in freight demand.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
J.B. Hunt wants to make freight marketplaces more efficient by making information more transparent.
USX shifted its fleet away from over-the-road toward dedicated and lowered its adjusted operating ratio to 92.5%.
