Raptors head to China
read more
...Read the rest of this story
More medical conditions mean more crashes: Driver study
Drivers with several health issues, such as obesity, diabetes, heart disease and high blood pressure, are more likely to be involved in a crash than truckers with only one condition.
While this conclusion may seem obvious, the numbers are striking. Of about 38,000 drivers whose medical and crash records were studied, those with three or more ailments had a crash frequency of 93 incidents per million miles compared to 29 per million miles for all drivers.
read more
...Read the rest of this story
Styline Logistics signs with Bolt System
Styline Logistics announced it has contracted with Bolt System to provide a new fleet management system.
Styline Logistics, with more than 170 company trucks and 20 independent contractors, is a specialized LTL furniture carrier providing nationwide coverage to the 48 contiguous states.
read more
...Read the rest of this story
NRMCA members can save on qualifying Kenworth vocational trucks
Kenworth will provide a $1,000 savings to fellow National Ready Mixed Concrete Association (NRMCA) members on qualifying purchases of new Kenworth T880, W900, T440 or T470 vocational trucks through the association's M2M Benefits Program.
read more
...Read the rest of this story
Earnings Watch: Saia, Old Dominion, Hub Group
<img width="150" src="http://www.automotive-fleet.com/fc_images/news/m-eel-saia-3.jpg" border="0" alt="
Saia said it was encouraged by shipment and tonnage per workday trends in the fourth quarter. Photo: Evan Lockridge
" >Two less-than-truckload fleets and a multi-modal and logistics provider reported slightly lower fourth quarter earnings.
Saia Declines But Moving Forward With Expansion PlansSaia Inc. net income fell 9.1% from a year ago to $10.3 million, or 40 cents per share, compared to 45 cents per share a year earlier. That was 3 cents less than a consensus estimate from analysts. This was despite revenue increasing 4.4% to $300.2 million. Operating income fell 2.4% to $17.2 million, as the Georgia-based less-than-truckload carrier faced higher insurance costs and expenses related to investments in the fleet.
During the quarter LTL shipments per workday increased 2.1% from the 2015 quarter while LTL tonnage per workday increased 1.4% and LTL revenue per hundredweight increased 5.1%.
Saia said it was encouraged by shipment and tonnage per workday trends in the fourth quarter. Photo: Evan Lockridge
" width="300">"We were encouraged by shipment and tonnage per workday trends in the fourth quarter and our results reflected some of the same themes we saw in the business all year," said Saia President and CEO Rick O'Dell. "We continued our very positive pricing actions and saw fourth quarter contractual renewals average 5.2%."
Saia full-year 2016 results showed net income fell 12.7% from 2015 to $48 million as earnings per share slid to $1.87 from $2.16. Revenue was essentially unchanged at $1.2 billion.
In contrast to the fourth quarter, Saia operating metrics for all of last year were mixed, with LTL shipments down 0.7% and LTL tonnage down 2.4%. However, LTL revenue per hundredweight was up 3.2%.
According to O'Dell, Saia continued to see productivity improvements across its network, which offset some ongoing cost challenges.
“The year-over results were impacted by a couple of trends. First of all, depreciation and amortization expense was up 17.2% in the fourth quarter, a reflection of the significant investments we are making in ...Read the rest of this story
Saia Reports Fourth Quarter Earnings per Share of $0.40