Werner Enterprises posted double-digit gains in revenue and profits in the third quarter as demand for the company’s one-way truckload freight hauling services was “stronger than normal” and shippers paid higher rates.
Marten Transport Ltd. reported its best quarterly operating results ever, among the first of what is expected to be a string of bullish financial reports from trucking companies in the third quarter.
Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.
Interest in freight-related startups and technology continues to grow, as evidenced by several recent investment deals as well as a first-of-its-kind Founders Camp whereby representatives from 20 startup firms met with trucking executives and shippers …
FreightRover, a company launched a year ago by a former top executive at Celadon Group to provide technology to automate vendor payments, has secured a financing facility of up to $500 million from Crayhill Capital Management and other investors to sup…
Higher rates and a bigger fleet in a strong freight market produced record profits for P.A.M. Transportation Services in the third quarter.
J.B. Hunt Transport Services Inc. reported a big bump in revenue in the third quarter as higher rates boosted the top line for each of the company’s four freight segments. Profits, however, did not keep pace.
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 performan…
Bertram Capital announced the sale of Spireon Inc., a fast-growing truck and trailer telematics provider, to Greenbriar Equity Group, a handoff welcomed by Spireon CEO Kevin Weiss as a way to expand the business further.
The family of Charles “Shorty” Whittington and a group of top executives at Grammer Industries Inc. have teamed with Stellex Capital Management to acquire the bulk chemical hauler from another investment firm, Linx Partners.