As the U.S. heads toward what some economists consider “full employment,” trucking companies tracked by the Labor Department hired an additional 2,600 workers in February, pushing the monthly JOC.com Trucking Employment Index reading up to 99.9.
Rebuilding Teamster Power in Freight
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Frank Rogers, Yellow, Local 41, Kansas City
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YRC Worldwide Inc.'s top executives received large increases in total compensation in 2014, according to the company's annual proxy statement.
New Jersey Democrat Cory Booker plans to restore a recently suspended hours-of-service rule under review by the Federal Motor Carrier Safety Administration, the senator told Transport Topics after a Senate hearing March 4.
Trucking giant YRC Worldwide Inc. on Thursday reported a $6.2 million profit in the final months of 2014 as its national freight business turned in stronger operating results.
A Superior Court judge on Thursday ruled that seven drivers working for Pacer Cartage at the ports of Los Angeles and Long Beach are employees and are owed a total of more than $2 million in damages.
Driver turnover remained at elevated levels for truckload fleets of all sizes, inching up one percentage point to 97% at larger carriers and remaining at 94% at smaller fleets, American Trucking Associations reported.
The numbers compared to the second quarter of last year showed sequential stability in both the truckload fleets with revenue of more than $30 million and those with revenue below that benchmark.
YRC Freight is looking to increase its use of purchased transportation to increase its profitability, according to a leaked internal memo.
ABF Logistics has purchased Smart Lines Transportation Group, a truckload brokerage firm based in Oklahoma City, for $5.17 million.
Smart Lines, which primarily serves the food, energy and industrial sectors, has 24 employees and generates about $18 million in annual revenue, ABF said.
ABF Logistics is the third-party logistics arm of ArcBest Corp. and a sister company to less-than-truckload carrier ABF Freight.
The acquisition, completed Jan. 2, expands ABF Logistics into the Oklahoma City market.