Shippers expect to put more freight on railroads next year as concern persists about how the electronic-logging device mandate will tighten trucking capacity in 2018, according to a Cowen and Co. survey.
October 3, 2017Business
Titanium Acquires Canadian Van/Flatbed Carrier Xpress Group
Titanium Transportation Group has acquired Canadian dry van truckload and flatbed carrier Xpress Group, based in Windsor, Ontario, for C$3.1 million in cash and the assumption of C$5.2 million in debt.
October 6, 2017Business
Covenant Transportation Group Adopts New Name to Market Services
Covenant Transportation Group is adopting Covenant Transport Services as its new name to emphasize the company’s broad range of freight services.
October 2, 2017Business
Canadian TL Carrier Kriska Acquires Service Freight Systems
Canadian truckload carrier Kriska Transportation Group has acquired Service Freight Systems of Ontario and has kept the management team there in place.
September 25, 2017Business
Hurricanes to Increase Contract, Spot Rates Outside Disaster Areas
Truckload rates have skyrocketed after hurricanes Harvey and Irma battered Texas and Florida, but the higher prices will also trickle down into states nowhere near the devastation, industry executives say.
September 14, 2017BusinessLogistics
LTL Sector Enjoys Fruitful 2017
Indications are that the truckload market is bouncing back from some rough conditions earlier this year, according to industry analysts at Stifel, Nicolaus & Co.
September 12, 2017Business
Forward Air Reverses Second-Quarter Net Loss in 2016, Posts Nearly $20 Million in Profits
Forward Air Corp. recovered strongly after a $10 million loss one year ago, posting a profit of $19.6 million or 64 cents per share for the three-month period ending June 30.
July 26, 2017Business
Covenant Profits Plunge 58% in Second Quarter, Still Beat Low Analyst Forecast
Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.
July 25, 2017BusinessLogistics
Shippers Reluctant to Shift Freight Away From Trucks, but Intermodal Demand Could Rise
Fewer shippers moved their freight from truckload to intermodal in the second quarter, but a shift could occur with the December electronic logging mandate, according to two surveys.
July 18, 2017Business
TL Profits Mostly Down
Truckload companies continue to struggle in the first quarter, with executives in the industry assigning blame to continued excess capacity, bad weather and a weak used-truck market.
May 1, 2017