Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.
January 9, 2019Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
J.B. Hunt Moves Aggressively Into Final-Mile Sector With Purchase
In an effort to strengthen its position in the growing final-mile trucking sector, J.B. Hunt on Jan. 8 announced it is purchasing Cory 1st Choice ºÚÁϳԹÏÍø Delivery for $100 million.
January 9, 2019Teamsters Exchange Contract Proposals with YRC, Holland and New Penn
After working for eight years under a series of contract extensions, less-than-truckload carrier YRC Freight and its two regional operations have opened contract negotiations with the International Brotherhood of Teamsters.
January 9, 2019Fleets Reap Riches by Expanding Into Last-Mile Service
Truck driver Justin Osborne pulled up to a house in the Dallas suburbs last month and started unloading an oven, a dishwasher and a microwave. His mission: Help J.B. Hunt Transport Services Inc. win the battle for new delivery riches spurred by e-commerce.
January 9, 2019Trucking Industry Expected to See Slower Growth in 2019
After a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high, the trucking industry is expected to remain strong in 2019 but undergo a bit of a cool-down, economists say.
January 7, 2019Saia Names Frederick Holzgrefe III President, COO
Saia Inc., a multiregional LTL, nonasset truckload, expedited and logistics services provider, announced it has named Frederick J. Holzgrefe III as its new president and chief operating officer effectively immediately, according to a Jan. 4 press release. Additionally, he has joined the board of directors.
January 7, 2019Moving Company Study Shows More Residents Left New Jersey Than any Other State in 2018
A study by United Van Lines has revealed that Americans are moving west and south, according to a Jan. 2 press release.
January 4, 2019United Road Services, Carlyle Group Buy Fleet Car Carriers
United Road Services has joined with The Carlyle Group and other investors to acquire Colorado-based Fleet Car Carriers.
December 28, 2018FCC Evaluates Sharing Connected Vehicle Spectrum With Wi-Fi
The Federal Communications Commission is deciding whether further testing is needed to determine if communications between connected vehicles, including trucks, can share a slice of spectrum with Wi-Fi broadband services seeking to use it, too.
December 19, 2018Ozark Motor Lines Raises Pay as Trucker Shortage Creates Worker Demand
Two motor carriers are closing out the year with pay increases for drivers, capping off a 2018 trend that saw many fleets boost compensation in order to attract and retain drivers.
December 19, 2018