Rendering of Bradshaw Home's new facility in Savannah Portside International Park in Effingham County. (Effingham County Industrial Development Authority) Georgia state officials announced plans to open a new East Coast distribution center in Effingham County to bring California-based Bradshaw Home’s products to customers faster through a partnership with supply chain leader NFI. Gov. Brian Kemp ...more
An Old Dominion Freight Line truck on Interstate 65 in Shepherdsville, Ky. The less-than-truckload carrier narrowly beat expectations on an earnings per share basis but narrowly missed on revenue. (John Sommers II for Transport Topics) Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 ...more
Judy McReynolds/ArcBest Corp; ABF Freight truck/John Sommers II for Transport Topics) ArcBest posted second-quarter 2023 net income of $40.4 million, or $1.64 per diluted share, compared with a profit of $102.5 million, or $4 per diluted share, in the same quarter in 2022, the carrier said July 28. Fort Smith, Ark-based ArcBest posted second-quarter revenue from ...more
Amazon said more than half of all orders placed by Prime subscribers in the 60 largest metropolitan areas during the most recent quarter arrived the same or next day. (Ted S. Warren/Associated Press) Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the “coming years,” the company announced July 31, an investment ...more
A fuel tanker at a filling station in Illinois. The Midwest experienced the largest cost increase at 29.1 cents a gallon. (Nam Y. Huh/Associated Press) Proving last week’s surge wasn’t a fluke, the national average diesel price skyrocketed 22.2 cents to reach $4.127 a gallon, according to Energy Information Administration data released July 31. Highlights ...more
Saia saw a mixed bag compared with analyst expectations. The company beat the consensus EPS estimate of $3.25 per share but fell short of revenue expectations of $700.3 million, according to Zacks Equity Research. (Saia LTL Freight via Facebook) Saia Inc. posted net income of $91.3 million in the second quarter of 2023, compared with ...more
A customer holds a fuel nozzle at a Shell gas station in Hercules, Calif. (David Paul Morris/Bloomberg News) Record-breaking summer heat is forcing fuelmakers to cut back operations, just as dwindling supplies are causing gasoline prices to surge around the world. The hottest-ever June and July prompted refiners to curtail oil processing by at least ...more
Cummins’ factory assembly line at its Jamestown Engine Plant in Lakewood, N.Y., where its X15N engine will be produced. (Michael Freeze/Transport Topics) According to fleet executives as well as fleet maintenance managers, the death of the internal combustion engine may prove to be greatly exaggerated in spite of the excitement about electric powertrains. Industry leaders ...more
Oregon Trucking Associations CEO Jana Jarvis greets 4-axle winner and grand champion Dan Shamrell of FedEx Freight. (Oregon Trucking Associations) Dan Shamrell’s cheerful and friendly demeanor covers an overlooked fact: He is among the most accomplished pre-trip experts competing in precision-driving events. The FedEx Freight standout took home grand champion honors at the Oregon State ...more
A trucking company in Quebec has been ordered to rehire a driver fired for a DUI crash in Pennsylvania last year. The female truck driver was fired after a crash on June 30th, 2022, which caused damage to the truck but did not result in injuries. The truck driver had consumed at least nine beers prior to ...more
