What do companies value more when hiring logisticians: an academic background or real-world experience in several functions? As the supply chain continues to evolve and change, the answer is increasingly both. Switch on the TV or click through Web ads and you’ll quickly see how supply chain management and logistics…
TORONTO — After several slow years, merger and acquisition activity is on the rise again in the Canadian trucking industry, according to PwC’s Capital Markets Flash, a provider of tax, consulting and deals services. “We’re seeing companies become increasingly aggressive, not taking no for an answer as hostile activity heats…
Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013. Net income during the period was $17.2 million compared to $13.8 million in the prior-year quarter, a 24.6% increase, while income per diluted share for…
Heartland Express, Inc. Reports Revenues and Earnings for the Second Quarter of 2014 NORTH LIBERTY, Iowa, July 22, 2014 (GLOBE NEWSWIRE) — Heartland Express, Inc. (Nasdaq:HTLD) announced today financial results for the quarter and six month period ended June 30, 2014. Financial Results Heartland Express (the “Company”) ended the second…
Knight has strong second quarter as capacity tightens. They recently formed Kool Trans, LLC to hire an executive (Jon Isaacson, formerly of Central Refrigerated) that it believes will be a solid addition to the company. Kool Trans is a full-truckload temperature-controlled transportation company that will be marketed and operated separately…
Schneider plans to double its bulk intermodal trailer service following load volume growth exceeding 75% in the first six months of 2014. “As the driver market continues to tighten, chemical companies of all sizes are struggling to get long-haul bulk capacity,” said George Grossardt, senior vice president and general manager…
According to Forecast, a collaboration between ATA and IHS Global Insight, overall freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will surge 72%. “We continue to see growth for the entire freight economy – but we also see that trucking will maintain its position as the…
Peloton Technology has developed a vehicle-to-vehicle communication system that has the potential to transform the trucking industry. By tethering two trucks together using advanced sensing intercommunications, the Silicon Valley startup says they can improve safety while cutting costs for thousands of trucks on the road. Video by: Sadie Bass, Justin…
Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China. Hercules, founded in 2001, is one of the largest and fastest growing…
Trucking technology-supplier Omnitracs said it plans to relocate its corporate headquarters to Dallas from San Diego in early 2015. The company, which sells onboard computers and other systems, said the move to Dallas will enable it to capitalize on the region’s “substantial” transportation infrastructure and logistics expertise. Read more here.
