GO
Loading...

Trucking

More

  • Marten Transport beats 4Q profit forecasts Tuesday, 27 Jan 2015 | 5:21 PM ET

    MONDOVI, Wis. _ Marten Transport Ltd. on Tuesday reported fourth-quarter profit of $9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Marten Transport shares have declined 2.5 percent since the beginning of the year.

  • LOS ANGELES, Jan 27- Negotiators for major shipping lines and the union representing 20,000 dockworkers have reached a tentative agreement on the maintenance of cargo chassis, overcoming a key hurdle in protracted contract talks for 29 U.S. West Coast ports. Settlement of the chassis issue, and the labor talks in general, has been seen as crucial to resolving...

  • JB Hunt beats 4Q profit forecasts Thursday, 22 Jan 2015 | 8:15 AM ET

    LOWELL, Ark. _ JB Hunt Transport Services Inc. on Thursday reported fourth-quarter net income of $110.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAN FRANCISCO, Jan 12- Cargo traffic at several of the biggest U.S. West Coast ports has slowed to near gridlock, negotiators for shipping lines and terminal operators for 29 ports said on Monday as contract talks with the dockworkers' union remain strained. The Pacific Maritime Association said that five of the region's largest ports, including the massive Los...

  • MEXICO CITY, Jan 11- The U.S. Department of Transportation will soon be ready to consider lifting restrictions on Mexican trucking firms seeking to operate throughout the United States, Mexico's Communications and Transport Ministry said on Sunday. Mexico and the United States have been locked in a long-running dispute over granting Mexican truckers...

  • Wall Street is also punishing the sector. "The producers have to be getting murdered," said Steven Boyd, senior managing director at Sun Coast Resources Inc., a Houston- based distributor of petroleum and alternative fuels. Blue Ridge Biofuels, a small biodiesel producer in Asheville, North Carolina, that makes its product from used restaurant cooking oil, says...

  • Officials from the Pacific Maritime Association and the International Longshore and Warehouse Union resumed negotiations on Thursday morning at the San Francisco headquarters of the association, said Craig Merrilees, a spokesman for the union. The waterfront cargo slowdowns have coincided with prolonged labor talks between 20,000 dockworkers and the...

  • LOS ANGELES, Dec 17- Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports remain far from a deal with union dockworkers after seven months of contract talks, the companies said on Wednesday, again blaming the union for waterfront cargo slowdowns. The Pacific Maritime Association statement came a day before the companies were slated...

  • UPDATE 3-FedEx profit misses expectations; stock down Wednesday, 17 Dec 2014 | 10:18 AM ET

    CHICAGO, Dec 17- FedEx Corp on Wednesday posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outlook analysts consider conservative, sending its stock down nearly 5 percent. Both FedEx and main rival United Parcel Service Inc are in the final days of their peak holiday...

  • LOS ANGELES, Dec 15- The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract talks seen by the shipping industry as a contributing factor in chronic cargo backups. The International Longshore and Warehouse Union and the Pacific Maritime Association,...

  • NEW YORK, Dec 9- Fund managers are stampeding into shares of U.S. long-haul trucking company Swift Transportation Co as oil prices touch five-year lows, but some analysts say a shortage of drivers may slam the brakes on the rally. Portfolio managers from Goldman Sachs, Fidelity, and Federated Investors were among the 65 funds that added Swift shares to their...

  • Dec 9- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner had resigned and Edward Feitzinger would replace him, effective immediately. Kirchner joined UTi as CEO in January 2009 from parcel delivery company United Parcel Service Inc, where he led its freight forwarding business. The company denied last week a Bloomberg report saying it...

  • Dec 3- Logistics company UTi Worldwide Inc said it held "exploratory" talks to be acquired by Nordic trucking company DSV A/S, denying a Bloomberg report that discussions were at an advanced stage. "UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV A/S, those discussions never progressed...

  • Transports chug to new highs  Wednesday, 29 Oct 2014 | 6:54 AM ET

    Jason Seidl, Cowen & Company, provides perspective on what's driving transports higher as oil prices slide lower.

  • Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...

  • MOMBASA, Kenya, Oct 3- Protesters in Kenya ended a blockade on Friday that had disrupted the transport of cargo by truckers on the main trade artery from Mombasa port to Nairobi and the wider east African region. At least 90 percent of all cargo arriving at the Indian Ocean port of Mombasa is ferried to final destinations in Kenya and landlocked neighbours by road,...

  • MOMBASA, Kenya, Oct 3- Protesters in Kenya blocked truckers on the only highway from Mombasa port to the capital Nairobi on Friday, threatening to choke the main trade artery with much of east Africa. Kenya's government has said about 30,000 Kenyan workers would be employed to build a multi-billion dollar standard gauge railway from Mombasa to Nairobi, with only...

  • Branson's bid for biofuels  Monday, 22 Sep 2014 | 8:13 AM ET

    CNBC's Phil LeBeau; Sir Richard Branson, Virgin Group founder, and Mike Roeth, Carbon War Room, discuss reducing carbon output.

  • Reducing fuel usage  Monday, 22 Sep 2014 | 8:09 AM ET

    Sir Richard Branson, Virgin Group founder, and Mike Roeth, Carbon War Room, discuss how trucking companies will likely benefit by reducing fuel usage.

  • Road to saving $40 billion  Monday, 22 Sep 2014 | 8:06 AM ET
    Trucks line up to enter Port Everglades on July 30, 2014 in Fort Lauderdale, Florida.

    CNBC's Phil LeBeau; Sir Richard Branson, Virgin Group founder, and Mark Roeth, Carbon War Room, discuss a new initiative to make the trucking industry far more efficient.