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Universal Express to Buy Oil and Gas Distributor

Transportation and logistics firm Universal Express said Wednesday it signed an agreement to purchase Jacksonville Oil Co., an oil and gas retailer, for $15.8 million.

July 19, 2006

Execs See More Demand For Background Checks on CDL Holders

Executives with several firms that provide electronic background checks of commercial driver license holders and their motor vehicle records said demand for their services is increasing, as carriers try to lessen exposure to legal action, improve security and reduce turnover.

July 19, 2006

Werner Reports Higher Second-Quarter Earnings, Revenue

Truckload carrier Werner Enterprises said late Wednesday its second-quarter net income improved 11% to $28 million or 35 cents a share, from $25.3 million or 31 cents a year earlier.

July 19, 2006

Knight Transportation Reports Record 2Q Income, Revenue

Truckload carrier Knight Transportation reported record second-quarter net income and revenue late Wednesday, posting a profit of $18.1 million or 21 cents a share, up from $15 million or 17 cents a year earlier.

July 19, 2006

J.B. Hunt Reports Record Revenue, Earnings for 2Q

Truckload carrier J.B. Hunt Transport Services reported Tuesday that it earned a record $55.3 million or 36 cents a share, up from $54.6 million or 33 cents a year ago.

July 18, 2006

Schneider, Celadon Adding Trucking Jobs

Truckload carriers Schneider National and Celadon Group are each adding hundreds of new trucking jobs, news services reported Tuesday.

July 18, 2006

June Producer Price Index Rises 0.5%

The producer price index rose 0.5% in June, the Labor Department reported Tuesday, while the "core" PPI rate excluding food and energy rose 0.2%.

July 18, 2006

DOT Initiatives to Proceed Despite Exit, Mineta Says

Potentially controversial initiatives aimed at reducing congestion and changing the structure of highway financing that Department of Transportation Secretary Norman Mineta launched before his recent departure will keep moving forward, Mineta told Transport Topics in a July 6 interview.

July 18, 2006

Heartland Express’ Second-Quarter Profit Increases

Truckload carrier Heartland Express’ second-quarter profit rose to $24.8 million or 25 cents a share, up from $17.6 million or 18 cents a year ago.

July 18, 2006

Diesel Price Gains 0.8 Cent to $2.926 a Gallon

The average national price of retail diesel fuel rose 0.8 cent to $2.926 a gallon, the Department of Energy said Monday.

July 18, 2006