Echo Global Logistics reported decreased revenue and net income as the softer freight market and weaker spot prices took a toll on earnings.
Author: Jim Stinson
Small Trucking Firms See Tighter Lending Standards
With a freight recession underway, industry experts said creditors are applying tighter standards to many trucking firms, or any firm with a troubled history.
Diesel Drops 0.7¢ to $3.044 a Gallon as Oil Prices Hold Steady
The U.S. average retail price of diesel dropped by 0.7 cent to $3.044 a gallon, the Department of Energy reported July 22. Meanwhile, crude oil rose to slightly more than $56 a barrel during trading of West Texas Intermediate.
Marten Transport Reports Company Record Revenue
Marten Transport Ltd. reported the highest operating revenue and operating income in the company’s 73-year history, according to a July 18 news release.
Marten Transport Reports Company Record Revenue
Marten Transport Ltd. reported the highest operating revenue and operating income in the company’s 73-year history, according to a July 18 news release.
ATA’s NAFC Pushes for Delay in New Accounting Rules
American Trucking Associations’ National Accounting and Finance Council has called for a one-year delay of ASC Topic 842, a leasing accounting rule for private companies and nonprofit organizations.
Machines, Software May Be Best Bet to Conquer Final Mile
More than five years after a Christmas season in which UPS Inc. and Amazon.com offered refunds for late shipments, final-mile delivery still has plenty of kinks.
Cowan Acquires Carlisle Carrier, Expanding Northeastern Footprint
Baltimore trucking company Cowan Systems has acquired Carlisle Carrier Corp. of Mechanicsburg, Pa.
Diesel Drops 0.4¢ to $3.051 a Gallon
The U.S. average retail price of diesel dropped by 0.4 cent to $3.051 a gallon, the Department of Energy reported July 15. Meanwhile, crude oil slid to less than $59 a barrel during trading of West Texas Intermediate.
Driver Productivity Can Be Boosted by Addressing Health, Stress
When drivers and employees at PetroChoice Holdings want to take a sick day, or just take time off for any reason, all they have to do is inform their boss they will be taking “PTO,” or paid time off.