Til Friday Trucking, led by Michelle Hefner out of Maiden, North Carolina, puts all its chips on a simple bet, an honest day’s work for an honest day’s pay. The Small Fleet Champ semi-finalist operates five trucks with four drivers, only runs local, has operators home every night and weekend, and guarantees minimum daily pay to every […]
PS Logistics (CCJ Top 250, No. 37), via its Loudon, Tennessee-based subsidiary Purdy Brothers Trucking, has acquired Phoenix Leasing of Tennessee, while also reaching an agreement with Phoenix sister company Colonial Freight Systems to contract with its drivers to continue to service to its southeastern cold-chain customers. Financial terms were not disclosed. Acquired by PS Logistics in 2014, Purdy […]
Trucking conditions deteriorated further in June as fuel, financing costs and freight rates were negative factors. FTR’s Trucking Conditions Index (TCI) fell to -3.36 from -0.3 in May. Before May and June, the TCI had not been negative in consecutive months since April and May 2020. In addition to negative cost and pricing conditions in […]
Heartland Express (CCJ Top 250, No. 42) is acquiring Contract Freighters (CFI) non-dedicated U.S. dry van and temperature-controlled truckload business and CFI Logistica operations in Mexico for $525 million. The deal does not include the CFI Dedicated or CFI Logistics U.S. brokerage operations. In late 2021, CFI, a subsidiary of TFI International (No. 7), reorganized and […]
Broker/3PL Arrive Logistics this summer announced the launch of a pilot program aimed at helping private fleets connect with owner-operators, opening a new avenue to earning revenue for both sides of the partnership. Arrive’s “We Deliver Flexibility” program allows owner-operators and small fleets with five or fewer power units to submit basic information, which will be sent to private […]
With just more than four months left in 2022, Tesla CEO Elon Musk tweeted Wednesday that he expects to begin deliveries of the company’s battery electric Semi, equipped with a 500-mile range, this year.
The national average for a gallon of on-highway diesel is below $5 for the first time since early March, according to the latest weekly update from the Department of Energy’s Energy Information Administration. During the week ending Aug. 8, diesel prices across the U.S. fell by an average of 14.5 cents to a national average […]
Video telematics provider Lytx has launched a new tracking service to provide fleets visibility into their powered equipment. The Lytx Asset Tracking Service provides data that includes asset serial number, current estimated location, last connected time and the last movement date in addition to real-time alerts that offer insights on how long the equipment has […]
Since its 2020 pivot to become Daimler Truck North America’s vocational brand, Western Star has launched its models 49X and 47X. Last week the Freightliner sibling shifted its focus from the jobsite to the road, trotting out its third new model in two years – the on-highway 57X. The 57X will replace the 5700XE – Western Star’s aero model that debuted in […]
