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USA Truck posts big quarterly income loss – again
Van Buren-based USA Truck reported Friday that its third quarter revenue fell 2.3% and it lost $6.1 million in the quarter compared to a 2011 third-quarter loss of $4.3 million. The 59 cent per share...
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Arkansas Best’s 3Q Income Declines
Arkansas Best Corp. said thursday its third-quarter net income declined from a year ago, reflecting “weakness in the economy” and a “slowing business environment.” Net income fell to $6.5 million, or...
View ArticleCritical driver shortage hits trucking firms
Tribe Transportation is a growing company that just added 10 new trucks to its tractor-trailer fleet. The problem has been hiring people to drive them. So far the Georgia company has filled four of the...
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Driver Shortage Boosting Dedicated U.S. Trucking Business
Retailers and grocery stores are among companies increasingly using dedicated-fleet services as a shortage of drivers constrains U.S. trucking capacity while the economy heals. J.B. Hunt Transport...
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Toyota recalls 2.8 million vehicles worldwide for steering problems
A month after announcing its biggest single recall ever, Toyota has revealed some new quality problems that will force it to make safety-related repairs on another 2.8 million vehicles – including its...
View ArticleMarchionne Wins CNH Support of Fiat Industrial Offer
Fiat Industrial SpA (FI) Chairman Sergio Marchionne won support from CNH Global NV (CNH) for an improved buyout offer to combine the tractor and truck makers and shift their focus to the U.S. from...
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Truckers are prepared for new traffic patterns
The Virginia Department of Transportation is encouraging truckers driving through Northern Virginia to prepare for the major traffic changes on the Capital Beltway due to the opening of the 495...
View ArticleHDA Truck Pride Expands Master Warehouse Program
HDA Truck Pride has expanded its Master Warehouse to a new, larger facility in the metropolitan St Louis area. The expansion supports HDA Truck Prides Strategic Plan to ensure availability of all...
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Avis acquires Zipcar for $500 million
The 49% premium over the closing price represents a total transaction value of approximately $500 million. The purchase is subject to approval by Zipcar shareholders and other customary closing...
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Swift Transportation soars on strong 4Q earnings
Swift Transportation Co.’s shares soared Thursday after the truckload delivery company’s fourth-quarter performance exceeded market expectations. The company reported after the market closed Wednesday...
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