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CCJ Top 250
Business: Page 34
Business
CAP Trucking refocuses on asset business, growing success in North-South LTL reefer lanes
Success in the thinking man's game that is LTL reefer hasn't come instantly for Chris Porricelli and his five-truck CAP Trucking fleet. He had to work for it, and his success has landed him as a semi-finalist in Overdrive's 2022 Small Fleet Championship.
September 5, 2022
Business
Atlas World Group subsidiary acquires pad-wrap fleet
The acquisition of Progressive Transportation, Inc. will accelerate growth within Atlas Logistics’ padded-van service offerings, the company said.
September 2, 2022
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February 19, 2025
Business
Ryder acquires logistics tech startup
Ryder first invested in logistics startup Baton through RyderVentures during the startup’s Series A funding round in March 2021.
September 2, 2022
Regulations
FMCSA reduces 2023 UCR fees by 31%
The reduction will be effective with the 2023 registration year beginning Oct. 1. Also: Small fleet petitions FMCSA for HOS waiver; CARB accepting applications from small fleets for zero-emission truck voucher; Horseless Carriage Carriers acquired; more.
September 2, 2022
Business
Carriers' costs rose near 13% in 2021
ATRI's annual Operational Costs of Trucking report showed how motor carriers' costs increased from 2020 to 2021. ATRI's Alex Leslie joins CCJ's 10-44 webisode series to discuss the results of the benchmarking report.
September 2, 2022
Business
Holtkamp Transportation goes from a part-time job to $6 million operation
Les Holtkamp worked in sales for a large wholesale crop protection company before he founded this now multi-million dollar trucking enterprise, with 25 power units in the stable and a handful of owner-operators leased on as well.
September 1, 2022
Business
Tradeoffs and fuel economy specs
Some fleets are reluctant to spec fuel economy technologies because there are tradeoffs in other areas.
August 31, 2022
Recruiting & retention
Recent shift in market conditions changing the driver pay conversation
Fleet Intel's Rob Hatchett said the top takeaway from his recent TCA webinar is for carriers to have regular six-month check-ins on driver pay rates to keep pace with changing market conditions.
August 31, 2022
Business
Injunction blocking California's AB 5 for trucking lifted, for now
Following the Supreme Court's decision to not hear trucking's challenge to AB 5, a California district judge lifted an injunction blocking the law from applying to trucking. A motion for another injunction is in the works, however, as challenges reemerge.
August 30, 2022
Business
PS Logistics acquires Phoenix Leasing of Tennessee, strikes deal with Colonial Freight Systems
PS Logistics has made two acquisitions this month, one each in the reefer and flatbed segments.
August 25, 2022
Outlook and Benchmarking
Declining fuel prices threatened as OPEC hits 'a tough spot,' IRA imposes oil tax and refineries cash in on renewable diesel
Fuel prices have been dropping but experts warn that it may not last for long as OPEC considers cutting production and the recently passed Inflation Reduction Act gears up for an oil tax.
August 24, 2022
Economic trends
Trucking conditions negative for second straight month
FTR's Trucking Conditions Index fell from -0.3 in May to -3.36 in June. Also: Ascend names new President of Distribution and Dedicated; Kenworth T680s recalled over fuel tank issue; medium-duty Macks recalled; Hub Group acquires TAGG Logistics.
August 23, 2022
Business
Heartland Express acquiring CFI's non-dedicated dry van and temp-controlled truckload business
At the close of the transaction, Heartland Express will be the eighth largest truckload fleet and third largest irregular route, asset-based truckload carrier in the U.S.
August 22, 2022
Business
New program connects private fleets, owner-ops for freight opportunities
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.
August 19, 2022
Business
Tesla boss says Semi deliveries will commence this year
Elon Musk says that deliveries of Tesla's electric Semi will begin this year. Also: HHG moving company employee sentenced for defrauding the United States.
August 11, 2022
Business
PS Logistics acquires Alabama flatbedder
PS Logistics' 26th acquisition since 2014 positions the company as one of the largest 53-foot lightweight flatbed carriers in the country with more than 400 power units and 1,000 trailers.
August 10, 2022
Business
Diesel national average falls below $5 per gallon
Fuel prices are at the lowest national average since early March. Also: FedEx opens new facility in Phoenix; SEKO Logistics has acquired California-based 3PL Pixior; two electric Thermo King refrigeration units eligible for CARB voucher.
August 10, 2022
Alternative power
Nikola announces plans to open three hydrogen stations in California
The stations will be located in Colton, Ontario and near the Port of Long Beach. Also: Werner's CFO John Steele set to retire; Thailand trailer manufacturer enters U.S. market; GreatWest Kenworth expanding in Alberta.
August 5, 2022
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