J.B. Hunt Transport Services reported a big bump in revenue in the third quarter as higher rates boosted the top line for each of its four freight segments. Profits, however, did not keep pace as the company dealt with outstanding legal issues and absorbed start-up costs for several new large dedicated hauling contracts.
October 16, 2018Search
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TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.
UPS Announces Hiring Blitz for Holiday Shipping Season
UPS Inc. plans to hire as many as 40,000 seasonal employees nationwide when it holds a one-day hiring blitz, the package delivery giant announced Oct. 15. UPS will hold 170 job fairs Oct. 19 and hire employees on the spot.
October 15, 2018Element Sells Stock, Winds Down Investment in Celadon Joint Venture
Element Fleet Management Corp. has sold 45 million shares of stock to a group of banks and investment firms for $300 million and will use the net proceeds to pay down debt and implement a plan to “meaningfully” improve the company’s financial performance and position the business for growth.
October 15, 2018Universal Expands Drayage Business With Purchase of Specialized Rail Service
Universal Logistics Holdings expanded its intermodal drayage business in the western United States with the purchase of Specialized Rail Service Inc. for $12.3 million.
October 15, 2018Teamsters Ratify Five-Year Contract With UPS
The International Brotherhood of Teamsters has ratified a new five-year contract with UPS Inc. for the company’s estimated 255,000 drivers and other employees who handle small freight.
October 11, 2018XPO Logistics Set to Acquire 5,000 Robots From Peter Thiel-Backed Startup
XPO Logistics Inc. will buy 5,000 warehouse robots from a Singapore startup backed by billionaire Peter Thiel as part of a deal that makes XPO the only logistics provider to use the technology in North America, the U.K. and eight other European countries.
October 3, 2018The Integration Challenge
The cloud computing services offered by businesses such as Amazon Web Services, Google and Microsoft Azure have made integration easier to accomplish. But there's a catch: The task of integrating systems “is never-ending,” technology executives say.
October 3, 2018Old Dominion Accelerates Network Expansion
Old Dominion Freight Line Inc. announced it has upgraded six service centers as it continues to expand its network of 233 locations.
September 28, 2018Volvo to Sell Electric Trucks in North America in 2020
Volvo Trucks announced it would commercialize all-electric trucks in North America in 2020 after introducing them in California next year, a move made in conjunction with a partnership that includes Volvo Group, California’s South Coast Air Quality Management District and industry leaders in transportation and electrical charging infrastructure.
September 28, 2018XPO Logistics Expands Driver Training Program
XPO Logistics Inc. is joining the growing ranks of trucking and logistical companies offering its employees some kind of educational benefit to combat the nationwide shortage of truck drivers and technicians.The Greenwich, Conn.-based carrier announced on Sept. 25 it is starting “The Drive for Success,” a new national scholarship program for professional driver trainees.
September 25, 2018