posted by admin on Jun 17
* EVENT - President of Fifth Largest U.S. Trucking Company to Provide Keynote Address at Nation's Premier Conference on Faster Freight and Cleaner AirNew York,NY,USA -
PRNewswire/Street Insider -June 16, 2008: --
Patrick E. Quinn, Co-Chairman and President, U.S. Xpress Enterprises Inc., will provide the keynote address to an expected audience of 500 attendees at the upcoming Faster Freight - Cleaner Air (FFCA) East Coast conference in New York City... U.S. Xpress Enterprises is the fifth largest publicly owned trucking company in the United States and was recently recognized by the Smithsonian Institute for its leadership on service, safety and technological innovation... FFCA East Coast will highlight green technologies and strategies for the goods movement industry that improve efficiency, reduce the impact of soaring energy costs and reduce the environmental footprint of freight movement. This premiere summit will take place July 8-10, 2008, at the Jacob K. Javits Convention Center in New York, NY...
Tags:
freight,
safety
posted by admin on Jun 16
Are trucking rates at rock bottom? Freight buyers take note ... Newton,MA,USA -Reuters/
Purchasing, by Dave Hannon -13 June 2008: -- ...
Analyst Jon Langenfeld of Robert W. Baird predicted a “freight pricing renaissance” next year and says the rash of bankruptcies caused by dramatic fuel price increases is already tightening up the truckload and LTL markets... Langenfeld this week followed up his previous remarks at the NASSTRAC conference with a note to clients that says, “When the domestic freight environment does rebound, the trucking industry is positioned to garner significant and sustained rate increases, given the meaningful exodus of capacity and inflationary cost environment”... Langenfeld says LTL pricing is firming and truckload rates are improving as more truckers disappear from the market... But Ed Wolfe of Wolfe Research, says the market is tightening, but pricing has not yet been impacted. “We continue to sense that TL and LTL pricing has bottomed but remains weak. We are monitoring closely whether modestly improved demand and gradually decreasing truck supply through consolidation will lead to real pricing gains or whether new tractor supply driven by the replacement and pre-buy cycles will offset it over the next 6-12 months,” Wolfe said in a note to clients...* Old Dominion Freight and Con-way upgraded to outperform
Boston,MASS,USA -
Thomson Financial/Trading Markets, by Greg Saulnier -Jun 13, 2008: --
Old Dominion Freight Line Inc. and Con-way Inc. were both upgraded Friday to outperform from neutral at Robert W. Baird, which said industry contacts have confirmed that near-term trends have stabilized... "All in, conditions do not necessarily reflect a rebound, but confirm that fundamentals (excluding fuel) are past the bottom," R.W. Baird said... The firm said its upgrade of Old Dominion and Con-way is based on less-than-truckload prices stabilizing, solid second-quarter demand trends emerging and a cyclical earnings recovery... * Roadrunner trucking broadens shipping services, focus 
Milwaukee,WI,USA -
The Milwaukee Journal Sentinel, by RICK ROMELL -June 14, 2008: --
Roadrunner Dawes Freight Systems Inc., a Cudahy-based firm that has grown into one of the country’s 50 largest trucking companies, has changed its name to Roadrunner Transportation Services Inc.... The new name comes as the company has broadened its services. Formerly a “less-than-truckload” hauler — a carrier that combines relatively small shipments from various customers in a single trailer — Roadrunner has branched into the truckload sector and third-party logistics... In March, Roadrunner added GTS, a $40-million-a-year Ohio logistics firm that manages shipping for its clients... 
Tags:
freight,
transportation,
trucking companies
posted by admin on Jun 12
* Con-way Freight Celebrates 25 Years of Service Leadership
San Mateo,CAL,USA -
Layover -11 June 2008: --
Twenty-five years later, those start-up carriers have grown up to become Con-way Freight, a Con-way Inc. company and recognized leader in less-than-truckload (LTL) trucking, with more than 400 service locations, a fleet of 32,000 trucks, tractors and trailers and more than 20,000 employees who deliver industry-leading coverage and transit times throughout North America... Con-way Freight celebrates its silver anniversary this week with enterprise-wide activities and special commemorative ceremonies at many of its original 22 operating locations...
Tags:
freight,
trucks
posted by admin on May 30
Dallas,TX,USA -
PRIME NEWSWIRE -May 29, 2008: --
Frozen Food Express Industries, Inc., a nationwide transportation company offering service in the temperature-controlled truckload and LTL, dry truckload, and brokerage / logistics markets, announced today that it has reduced the maximum speed of its company-operated truck fleet from 65 to 62 miles per hour in an effort to mitigate the impact of rising fuel costs. FFEX expects that most of the independent contractors who provide it with trucks will take similar steps to reduce their expenses...* Trimac Turns To Bendix For Trucking Safety Technology
Elyria,OH,USA -
Truck Net, by Craig Zwiener -May 29, 2008: --
North America’s largest bulk commodities fleet has enhanced its award-winning safety program with braking technology from Bendix Commercial Vehicles Systems LLC... Trimac Transportation has added the commercial vehicle industry’s most comprehensive stability control technology – the Bendix® ESP® Electronic Stability Program – to its fleet of tractors... Trimac added the Bendix ESP full stability technology through the purchase of Kenworth® trucks, which include Bendix ESP functionality as a standard option with a delete credit on many of its highway tractor configurations...* Amendment in defense bill includes surcharge provision - Independent truckers praise voteGrain Valley,MO,USA -
Land Line Magazine, by Craig Zwiener -May 23, 2008: --
The Owner-Operator Independent Drivers Association (OOIDA) is grateful an amendment that will protect truckers and tax payers from being exploited by intermediaries in the trucking industry has been included in the Defense Authorization Bill... The amendment stipulates that for any Department of Defense contract for truck transportation or service using fuel, the motor carrier or broker must pass any fuel surcharge on to the person responsible for paying the cost of the fuel and to disclose that surcharge... 
Tags:
safety,
transportation,
trucks
posted by admin on May 21
* Trucking Company Barr-Nunn Increases Owner Operator pay again
Granger,IA,USA -
Truck Net, by Craig Zwiener -May 21, 2008: --
Barr-Nunn Transportation, a leader in the industry, is proud to announce yet another outstanding recognition of the hard work its Owner Operators put forth... Beginning on June 23rd, 2008, Barr-Nunn’s Owner Operators will receive a pay raise. This comes just six short months after Barr-Nunn last issued its Owner Operators a raise. On top of their new base pay, Owner Operator’s also earn a fuel surcharge on all loaded and empty miles and receive 100% of Barr-Nunn’s fuel discounts from their vendors...
Tags:
transportation
posted by admin on May 21
* Carlyle acquires stake in ITS Technologies & Logistics
Washington,DC,USA -
American Shipper -21 May 2008: --
The Carlyle Group has acquired a majority interest in ITS Technologies & Logistics LLC, an intermodal facilities operator, from Lanigan Holdings LLC... ITS is one of the largest operators of intermodal facilities in North America, where it transfers containers between trucks and rail cars and performs rail switching, terminal administration and equipment maintenance... ITS operates in 52 U.S. locations and three locations in Mexico. It employs more than 1,600 people and performs about 5 million lifts annually...
Tags:
trucks
posted by admin on May 19
* Trucking Company Failures RiseDayton,OH,USA -Supply Chain Digest -17 May 2008: -- Rising Diesel Costs, Falling Demand Drive Sharp Rise in Trucking Firms Leaving Market; Capacity Issues Down the Road?... The trucking industry is always highly leveraged to the state of the economy. Every economic downturn sees a sharp rise in the number of truckers going out of business... In this period, the economic slowdown has been exacerbated for truckers by the incredible rise in diesel prices. Fuel surcharges have not really been able to keep many truckers "whole," and smaller truckers often have less leverage to extract fuel surcharge revenues commensurate with their costs... As a result, a large number of trucking companies with at least five vehicles in their fleets are going under... The chart below was presented by Mike Card, State Vice President for the ATA and also President of Combined Transport, a small trucking company in Oregon, during testimony before the U.S. House of Representatives Subcommittee on Highways and Transit about the impact of rising fuel on truckers and shippers and what can be done about it...
As can be seen from the chart, trucking failures are rapidly escalating, with more than 800 firms calling it quits in the first quarter alone, the highest number since the recession in 2001... While given the glut of capacity now in the market, this probably won't impact shippers much today, it certainly sets the stage for extremely tight capacity again when the economy revives...
* Knight Transportation forms refrigerated division - Trucking firm adds 65 trucks, 80 trailers
Memphis,Tenn,USA- Bizjournals.com (Charlotte,NC)/Memphis Business Journal, by Trey Heath -May 16, 2008: -- Knight Transportation, Inc., has implemented a refrigerated delivery service in Memphis with the addition of 65 new trucks and 80 refrigerated trailers, an estimated investment of $11.3 million. The new service will add 60 new employees... The expansion adds to Knight's already substantial Memphis fleet of 174 dry trucks and 200 trailers... The Phoenix-based trucking company now operates almost 240 trucks and 280 trailers through its Olive Branch facility... (Photo: Bo Brigman and Stan Delikat with Knight Transportation, Inc.) * Asheboro trucking firm files for Chapter 11Asheboro,NC,USA -The Business Journal of the Greater Triad Area -May 16, 2008: -- Triad Trucking LLC has filed for Chapter 11 bankruptcy... The May 6 filing in the Middle District of North Carolina in U.S. Bankruptcy Court states the company has estimated liabilities of $500,001 to $1 million and assets of under $50,000... Chapter 11 filings indicate the company intends to reorganize and emerge from bankruptcy...* YRC installs kiosks to speed U.S.-Canadian border crossings
Buffalo,NY,USA -Land Line Magazine -May 15, 2008: -- In an attempt to speed up the process of getting its trucks across the U.S.-Canadian border, YRC Logistics has put up seven kiosks, or booths, at key border crossings... The locations are: The Peace Bridge in Buffalo, NY; Lewiston-Queenston Bridge in Niagara Falls; the Ambassador Bridge in Detroit; the Blue Water Bridge in Port Huron, MI; Champlain, NY; Pembina, ND; and Blaine, WA... Each kiosk has a telephone and scanner to connect the truck driver with YRC’s Buffalo, NY, logistics office... Workers in Buffalo can check the documents related to the type of goods being shipped to make sure everything’s in order and that the driver is ready to proceed through customs...
Tags:
Delivery,
transportation,
trucking companies,
trucks
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