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Clarissa Hawes

Clarissa has covered all aspects of the trucking industry for 18 years. She is an award-winning journalist known for her investigative and business reporting. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. If you have a news tip or story idea, send her an email to chawes@firecrown.com or @cage_writer on X, formerly Twitter.
Nov - 2019 -
04 November
Clarissa Hawes

Charges against Russian trucking owner now include bribery, kickbacks, murder-for-hire plot

A federal grand jury recently indicted a Russian trucking owner — who is already awaiting trial on charges that include a $150 million military kickback scam and a murder-for-hire plot — as well as eight other Utah-based trucking company executives in an alleged “pay-to-play” bribery scheme involving a former FedEx Ground (FXG) manager.

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Oct - 2019 -
30 October
Clarissa Hawes

Hendrickson launches next-generation heavy-duty rubber suspensions for vocational trucks

Hendrickson Truck Commercial Vehicle Systems unveiled its next-generation heavy-duty rubber suspension for the vocational truck market, the Haulmaax EX, at the North American Commercial Vehicle (NACV) Show in Atlanta on October 29.

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29 October
Clarissa Hawes

Allison debuts new transmission, announces partnership with Freightliner Trucks

Allison Transmission announced it is partnering with Freightliner Trucks to launch its new 3414 Regional Haul Series (RHS) transmission on Oct. 29 at the North American Commercial Vehicle (NACV) Show in Atlanta.

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28 October
Clarissa Hawes

Volvo unveils new regional-haul VNR 660 truck

Volvo Trucks North America unveiled its new VNR 660 truck, expanding its offerings for regional-haul applications, on Oct. 28 at the North American Commercial Vehicle (NACV) Show in Atlanta, Georgia.

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24 October
Clarissa Hawes

Werner reports second-best ever 3Q earnings despite softer freight environment

Werner Enterprises Inc. reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.

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23 October
Clarissa Hawes

Amazon expands its in-store pickup service Counter, adds GNC, Health Mart and Stage Stores

E-commerce giant Amazon.com, Inc. is expanding its in-store pickup service Counter, announcing on October 23 that it is partnering with GNC, Health Mart and Stage Stores.

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22 October
Clarissa Hawes

Covenant blames weak freight environment for drop in revenue and net income in 3Q

Covenant blames weak freight environment for drop in revenue and net income in third quarter 2019.

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Clarissa Hawes

Ex-Dallas police officer pleads guilty to fraudulent ticket-writing scheme to collect federal grant money

A former Dallas police officer pleaded guilty on October 16 to falsifying traffic tickets in order to collect overtime pay through a program funded by a federal grant aimed at curbing fatal and serious injury crashes on Dallas roadways.

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21 October
Clarissa Hawes

Mobile app creates a transparent hiring process for recruiters and truck drivers

The waiting game to find out if a recruiter is interested in hiring a driver or even if their application has reached the right person can be excruciating for those who are anxious to jump behind the wheel of a tractor-trailer and get those wheels turning to start making money.

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18 October
Clarissa Hawes

Kentucky trucking company files for bankruptcy as lawsuits pile up from fatal crash

The owner of a Kentucky-based trucking company filed for bankruptcy protection following a slew of lawsuits filed after one of his drivers was convicted of causing a fatal crash that killed six people in June 2015.

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17 October
Clarissa Hawes

Marten Transport posts best-ever operating revenue, income in third quarter

Marten Transport posted its best-ever third-quarter operating revenue and operating income in the company’s 74-year history in the third quarter of 2019.

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16 October
Clarissa Hawes

Judge upholds $26.5 million jury award, refuses to grant new trial in fatal road-rage truck crash

A judge recently declined to reduce the jury award of $26.5 million and refused to grant a new trial in a fatal road-rage crash in Oregon.

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14 October
Clarissa Hawes

Jury slaps Werner Enterprises with $40.5 million ‘nuclear verdict’ in fatal crash

A New Mexico jury awarded the family of a woman killed in a February 2017 crash involving a student driver for Werner Enterprises Inc. around $40.5 million in damages on Oct. 11 following a two-week trial.

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11 October
Clarissa Hawes

Federal appeals court overturns nearly $800,000 award in Werner driver trainee FLSA lawsuit

A federal appeals court overturned a nearly $800,000 damage award won by student drivers in a class action lawsuit against Werner after a jury found the carrier and its subsidiary violated federal labor and state wage laws for failing to pay for rest breaks.

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10 October
Clarissa Hawes

Heavy-duty brake plant to close, move production to Mexico

Haldex Brake Products Corp., a Swedish brake and suspension manufacturer for heavy-duty trucks, announced on October 8 that it is shuttering its manufacturing facility in Blue Springs, Missouri, laying off around 154 workers, and will be moving production to Mexico.

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09 October
Clarissa Hawes

Arkansas trucking company owner charged in human trafficking case

The owner of an Arkansas-based trucking company has been charged with rape, patronizing a victim of human trafficking and sexual indecency with a child, according to police records.

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08 October
Clarissa Hawes

Family files $10 million lawsuit in fatal crash despite truck driver being cleared of any wrongdoing

The parents of two children killed in a fatal crash during a snowstorm in March 2018 have filed a $10 million lawsuit, alleging negligence against the trucking company and its driver, despite an investigation that cleared the truck driver of any wrongdoing.

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Clarissa Hawes

Truck driver sues BNSF over collision with alleged “uncontrolled” railcars (with video)

A Kansas truck driver has filed a lawsuit against BNSF, alleging negligence, after his tractor-trailer collided with railcars after leaving a grain elevator near Greenfield, Missouri.

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04 October
Clarissa Hawes

Settlement reached in trucking company’s employee stock ownership plan

A $455,000 settlement has been reached in a case involving a Tennessee-based trucking company’s Employee Stock Ownership Plan (ESOP) following an investigation centered around the carrier’s former owner, who also served as its chief financial officer, and the company’s former ESOP trustee.

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03 October
Clarissa Hawes

Carrier agrees to pay $22,500 to settle truck driver’s EEOC lawsuit over service dog

A Minnesota-based trucking company has agreed to pay $22,500 to settle a federal lawsuit stemming from allegations it required a truck driver to pay fees to have his certified service dog ride in the truck with him.

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Clarissa Hawes

Newly rebranded PowerFleet finalizes Pointer Telocation acquisition

New Jersey-based telematics provider PowerFleet, Inc., formerly I.D. Systems, announced on October 3 that it has completed its acquisition of Pointer Telocation.

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Sep - 2019 -
30 September
Clarissa Hawes

Roadrunner downsizes dry van business, announces closures of five terminals, mass layoffs at five other locations

Truck drivers and employees for Rich Logistics, which is owned by Roadrunner Transportation Systems, were notified by letter on September 30 from the company’s president that it was closing five terminals and significantly reducing its workforce at five locations.

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23 September
Clarissa Hawes

Estes Express partners with DDC FPO for AI-powered freight billing processing

DDC FPO announced on Sept. 23 that Estes Express Lines will use its machine-learning, software-as-a-service (SaaS) program, DDC Intelligence, to mitigate its bill of lading volume.

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Clarissa Hawes

Former Arkansas CEO pleads guilty to two counts of tax fraud

Donald Tankersley, 76, former chief executive officer of White Dairy Ice Cream and Tankersley Food Service in Van Buren, Arkansas, pleaded guilty to two counts of tax fraud in federal court on Sept. 20.

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22 September
Clarissa Hawes

Former New York State DOT engineer sentenced for misappropriating federal funds

A former New York State Department of Transportation engineer was sentenced to one year of probation in U.S. District Court in Albany, New York, after pleading guilty to misappropriating more than $17,000 from a road project.

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20 September
Clarissa Hawes

McLeod Software launches virtual AI Truck Racing League

McLeod Software launched a virtual Artificial Intelligence Truck Racing League (AITRL) designed to educate the transportation industry about the importance of machine learning through gamification.

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18 September
Clarissa Hawes

Trucking coalition urges lawmakers to fight costly unfunded mandates

A coalition of 31 trucking and trade groups is urging Congress to halt four bills it claims would cost the industry billions of dollars in “burdensome” unfunded mandates.

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16 September
Clarissa Hawes

Former California DMV employee sentenced to 22 months in fraudulent CDL scam

A former California Department of Motor Vehicles’ (DMV) employee was sentenced to 22 months in federal prison for his part in a fraudulent commercial driver’s license scheme.

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Clarissa Hawes

Bookkeeper sentenced to five years for embezzling over $800,000 from Indiana trucking company

An Indiana woman was sentenced Sept. 11 to nearly five years in federal prison for embezzling more than $800,000 from a trucking company.

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15 September
Clarissa Hawes

Are you ready? CVSA’s Brake Safety Week set for Sept. 15-21

Inspectors will be out in full force from Sept. 15-21 as part of the Commercial Vehicle Safety Alliance’s annual Brake Safety Week.

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10 September
Clarissa Hawes

NACFE announces 10 drivers participating in its Run on Less Regional challenge

The North American Council for Freight Efficiency (NACFE) announced the names of 10 drivers from participating fleets that will drive in its Run on Less Regional fuel efficiency study on Sept. 10.

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Aug - 2019 -
29 August
Clarissa Hawes

150 HVH Transportation drivers still stranded two days after company’s abrupt closure

Two days after HVH Transportation’s abrupt closure on Tuesday, August 27, truck drivers like James Delva are still stranded across the country without working fuel cards.

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28 August
Clarissa Hawes

Carriers turn to automation for competitive edge when hiring drivers

Recruiters say competition is fierce among trucking companies to find qualified truck drivers and it can be a race to see which company can successfully help applicants navigate the hiring process first.

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18 August
Clarissa Hawes

A. Duie Pyle CEO opens up about ransomware attack

A. Duie Pyle Chief Executive Peter Latta opens up about ransomware attack in June.

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08 August
Clarissa Hawes

Leasing company sues trucking firm for $37 million, alleging breach of contract

Arkansas-based PKE Western Truck Leasing, Inc. filed a $37 million lawsuit against Rich Transport, LLC and its parent company, RoadRunner Transportation Systems (NYSE: RRTS), alleging breach of contract.

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Clarissa Hawes

Loadsmart and Starsky Robotics collaborate to price, dispatch and deliver first automated loads

Digital freight brokerage LoadSmart and self-driving startup Starsky Robotics announced they have successfully priced, booked and delivered two loads of freight without human intervention.

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07 August
Clarissa Hawes

Kottke Trucking acquires Florida-based trucking fleet

Kottke Trucking, an interstate company focused on refrigerated and dry van transportation, recently acquired Davenport, Florida-based Wayne T. Fellows, which specializes in refrigerated less-than-truckload and truckload hauling. With the acquisition, […]

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02 August
Clarissa Hawes

Swift ordered to pay rival CRST more than $15 million in driver poaching lawsuit

A federal jury ordered Swift Transportation to pay long-haul trucking rival CRST Expedited more than $15 million for allegedly poaching drivers who were under contract to CRST, which is based in Cedar Rapids, Iowa.

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Jul - 2019 -
31 July
Clarissa Hawes

California trucking school owner pleads guilty to $4.2 million scam to defraud Veterans Affairs Department

The owner of a Chatsworth, California-based truck driving school pleaded guilty to five counts of wire fraud, admitting he participated in a scam to bilk the VA out of more than $4 million.

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Clarissa Hawes

Saia Inc. reports revenue and operating income increases in second quarter

Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the second quarter of 2019. Headquartered in Johns Creek, Georgia, the less-than-truckload (LTL) carrier reported an […]

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30 July
Clarissa Hawes

Breaking News: Another motor carrier abruptly ceases operations amid freight recession (with video)

Another motor carrier has fallen victim to this year’s freight recession as Terrill Transportation Inc. of Livermore, California, abruptly ceased operations on July 30.

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29 July
Clarissa Hawes

Owner of Alabama truck driving school charged with bribery and wire fraud in alleged CDL scheme

The owner of an Alabama-based truck driving school has been indicted by a federal grand jury on charges of conspiracy, bribery and wire fraud after authorities allege he bribed a commercial driver’s license (CDL) examiner to give his students “favorable treatment” during testing.

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27 July
Clarissa Hawes

Flexport files lawsuit against Western Global Airlines over alleged ‘unfit’ aircraft

Logistics provider Flexport Inc. has filed a lawsuit against Western Global Airlines, alleging the company failed to provide proper freight transportation.

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26 July
Clarissa Hawes

June used Class 8 truck prices are up 6 percent from previous year

The average price of a Class 8 used truck sold in June was $48,800, up 6 percent compared to June 2018, according to the latest report by ACT Research.

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25 July
Clarissa Hawes

USA Truck blames soft freight environment, declining spot rates for lower second quarter results

USA Truck blames a softer freight environment, declining spot rates and unrealized bid awards for its lower-than-expected second-quarter results.

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23 July
Clarissa Hawes

EKA launches cloud-based private freight marketplace solution

EKA Solutions recently launched MPlace, which allows larger shippers and brokers to create private marketplaces where they can trade with “trusted providers in a more precise, automated and real-time manner.”

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Clarissa Hawes

Press Release: EKA launches cloud-based private freight marketplace solution

EKA Solutions recently launched MPlace, which allows larger shippers and brokers to create private marketplaces where they can trade with “trusted providers in a more precise, automated and real-time manner,” […]

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19 July
Clarissa Hawes

Judge sides with Dollar General in negligence lawsuit filed by injured U.S. Xpress delivery driver

An Indiana judge sided with Dollar General in a negligence lawsuit filed by a former U.S. Xpress (NYSE: USX) delivery driver, who claimed his arm was ripped from its socket while unloading an overweight container at one of its stores in May of 2016.

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18 July
Clarissa Hawes

Marten Transport reports best-ever operating revenue and income in second quarter of 2019

Marten Transport posted its best-ever second quarter operating revenue and income in the company’s 74-year history, the company said in its July 18 earnings release.

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Clarissa Hawes

AAA Cooper Transportation offers new GPS tracking system for shippers

Dothan, Alabama-based AAA Cooper Transportation said it will start offering a free GPS shipment tracking system to its customers starting on July 28.

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17 July
Clarissa Hawes

Peloton unveils Level 4 platooning technology with autonomous following truck

Peloton Technology unveiled its vision to develop its new Level 4 automated following technology on July 17 at the Automated Vehicle Symposium in Orlando, Florida.

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15 July
Clarissa Hawes

J.B. Hunt posts earnings of $133.6 million in second quarter, down 10 percent from a year ago

J.B. Hunt posted net earnings of $133.6 million in the second quarter, down 10 percent from a year ago.

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13 July
Clarissa Hawes

LME executives remain tight-lipped about company’s abrupt closure as hundreds of former drivers, employees still unpaid

Former truck drivers and employees of LME Inc., headquartered in Roseville, Minnesota, are still in shock two days after the company abruptly ceased operations without warning on July 11.

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10 July
Clarissa Hawes

Mack Trucks builds 100,000th truck with GuardDog Connect

Mack Trucks has built its 100,000th truck equipped with the GuardDog Connect integrated telematics system since first launching the product in 2014.

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02 July
Clarissa Hawes

Business process outsourcing serves as a life raft as carriers struggle to stay afloat during uncertain economic times

As freight conditions continue to deteriorate, along with tariffs imposed on a variety of goods and a prolonged U.S.-China trade war, some less-than-truckload carriers are closely examining their operational budget to remain competitive.

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01 July
Clarissa Hawes

For Target, being a “Shipper of Choice” means partnering with carriers and vendors

FreightWaves partnered with freight brokerage Convoy to recognize Target as one of its top Shippers of Choice.

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Jun - 2019 -
28 June
Clarissa Hawes

Shaw Industries’ focus on drivers, supply chain partners makes it a “Shipper of Choice”

Global floor-covering giant Shaw Industries Group Inc. said it is continually evaluating new methods to improve efficiency, best practices and its carrier-centric approach to become a Shipper of Choice.

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27 June
Clarissa Hawes

Sales of used Class 8 trucks plummet 22 percent from previous year

Sales of used trucks in the Class 8 market plummeted 22 percent in May compared with the same month a year earlier, and dropped 8 percent from the previous month.

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26 June
Clarissa Hawes

Starsky Robotics tests first unmanned autonomous truck on public highway in Florida (with video)

Starsky Robotics tested its fully unmanned autonomous truck on a 9.4-mile stretch of public highway on the Florida Turnpike.

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24 June
Clarissa Hawes

ACT Research shows freight conditions plummeted in May

The monthly report on the trucking market showed nearly “across-the-board declines” in May, according to the latest ACT Research For-Hire Trucking Index.

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22 June
Clarissa Hawes

U.S. agricultural exporters caught in middle of trade war with China

While President Donald Trump and Chinese leader Xi Jinping have agreed to meet at the G20 Summit in Japan next week, the U.S. agriculture industry remains skeptical that the ongoing tariff battle between the two countries will end anytime soon.

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19 June
Clarissa Hawes

Strong commitment to efficiency, productivity makes UPS a “Shipper of Choice”

Global shipping and logistics giant UPS said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers.

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17 June
Clarissa Hawes

Used truck sales dropped 14 percent in May, down 22 percent from a year earlier (with video)

Preliminary used truck sales in the heaviest weight segment – Class 8 – dropped 22 percent in May compared with the May 2018.

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Clarissa Hawes

Former trucking executive pleads guilty to two counts of wire fraud in USPS mail contracts case (with video)

A former executive of a Florida-based trucking company pleaded guilty in federal court on two counts of wire fraud related to mail contracts it had with the U.S. Postal Service on Wednesday, June 12.

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16 June
Clarissa Hawes

Mike Weindel named president of Dupré Logistics

Dupré Logistics recently announced that Mike Weindel has assumed the new role of president of the Lafayette, Lousiana-based company.

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15 June
Clarissa Hawes

North Carolina logistics company files for Chapter 11 bankruptcy reorganization

A Durham, North Carolina-based logistics company filed for Chapter 11 bankruptcy reorganization on June 13.

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Clarissa Hawes

Pilot files civil lawsuit against shuttered Falcon Transport over $800,000 in unpaid fuel bills (with video)

Pilot Flying J has filed a civil lawsuit against Falcon Transport of Youngstown, Ohio, and its private equity owners, alleging the now-defunct carrier owes the truck stop chain nearly $800,000 in unpaid fuel bills.

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11 June
Clarissa Hawes

Starsky Robotics sees truckers as essential to future of driverless trucking (with video)

As some autonomous trucking startups seek to eventually eliminate drivers’ jobs completely, Starsky Robotics is taking a different approach.

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09 June
Clarissa Hawes

Truckers report closed scale houses, light enforcement during Roadcheck blitz June 4-6

The International Roadcheck inspection blitz kicked off earlier this week in North America, but some U.S. truckers reported that scale houses in some states were closed or they were waved through the scales because inspectors were busy reviewing other commercial vehicles.

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05 June
Clarissa Hawes

Michelin announced deal with Swedish self-driving startup Einride

Michelin Group announced it will partner with Swedish-based self-driving startup company Einride this week at the Movin’On Summit for sustainable mobility in Montreal.

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04 June
Clarissa Hawes

Michelin unveils airless tire prototype at Movin’On Summit mobility event

Michelin rolled out its new high-tech airless tire at the kick off of the Movin’On Summit for sustainable mobility on June 4.

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02 June
Clarissa Hawes

International Roadcheck inspection blitz starts June 4 (with video)

Approximately 9,000 inspectors in North America will be inspecting commercial vehicles and drivers during the Commercial Vehicle Safety Alliance’s annual enforcement blitz scheduled for June 4-6.

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May - 2019 -
31 May
Clarissa Hawes

Trucking industry caught in the middle of Trump’s tariff threat on Mexican imports

Nearly 47,000 Americans work in trucking-related jobs supported by cross-border freight movements with Canada and Mexico. A significant number of jobs could be impacted by President Donald Trump’s latest tariff threat on all Mexican imports.

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30 May
Clarissa Hawes

Navistar to settle class action for $135 million over defective MaxxForce engines

Navistar International has agreed to pay $135 million to truck owners to settle class action complaints over defective MaxxForce engines.

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29 May
Clarissa Hawes

Freight billing provider launches online tool to help companies calculate back office efficiency

DDC FPO launched a free online tool to help transportation and logistics professionals calculate how much of their operational costs are going toward in-house bill of lading (BOL) processing.

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Clarissa Hawes

Daimler ramps up self-driving truck efforts, launches global autonomous group

Daimler Trucks is betting big on autonomous trucks, as the German-based company announced Wednesday, May 29, that it is establishing a global group that seeks to put highly automated commercial trucks on U.S. highways within the next 10 years.

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24 May
Clarissa Hawes

Maverick Transportation to sell its refrigerated division to KLLM Transport Services

Truck drivers in Maverick Transportation’s refrigerated division said they received messages late Thursday, May 23, stating the company is selling its temperature-controlled business to KLLM Transport Services.

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23 May
Clarissa Hawes

Penske Logistics to lay off 80 drivers, close terminal in Indiana

Pennsylvania-based Penske Logistics announced it is laying off 80 drivers and will close its terminal in Fort Wayne, Indiana, in July.

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Clarissa Hawes

Trucking companies seek to improve fuel economy as diesel hovers around $3.16 per gallon

As the price of diesel continues to hover around $3.16 per gallon nationwide, trucking companies are investing in solutions to improve fuel mileage.

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Clarissa Hawes

ELD and AOBRD: The unanswered questions

While the majority of truckers transitioned over to electronic logging devices, or ELDs, in their cabs to digitally track their daily driving hours over a year ago, some fleets that run automatic onboard recording devices, or AOBRDs, have until December 16, 2019, to make the switch.

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21 May
Clarissa Hawes

Logistics Expertise: The Ultimate “Killer App”

As the logistics industry continues to plow millions of dollars into digital freight matching
(DFM) technology that pairs shippers and carriers, there is a clear difference of
approach between third-party logistics providers (3PLs) that seek to minimize the “human element” and those that embrace the combination of automation technology and teams of skilled logistics professionals.

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20 May
Clarissa Hawes

Starsky Robotics tests self-driving truck on Florida highway

As some technology companies scale back or eliminate their self-driving programs, Starsky Robotics is pushing forward with its autonomous truck technology.

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15 May
Clarissa Hawes

Used truck sales dropped 5 percent in April, down 13 percent from a year earlier

Preliminary used truck sales in the heaviest weight segment – Class 8 – fell 13 percent in April compared with the same month a year earlier.

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Clarissa Hawes

Hub Group to roll out enhanced end-to-end visibility for customers to track shipments in real-time

Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.

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14 May
Clarissa Hawes

New TruckPark app helps truck drivers reserve parking spaces

TruckPark recently launched an app designed to help alleviate the worry to find truck parking by allowing drivers to reserve a parking space using their smartphones.

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09 May
Clarissa Hawes

SmartDrive’s Palmer touts automated systems as key to preventing truck crashes

Pairing professional truck drivers’ skills behind the wheel with automated systems designed to help prevent crashes is a win-win for the trucking industry, says Jason Palmer, chief operating officer of SmartDrive Systems.

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Clarissa Hawes

Fleet Complete’s Kar talks major trends impacting trucking industry at Transparency 2019

The rise of urbanization is forcing the trucking industry to reexamine its business practices as there are major transformational shifts currently affecting the heavy-duty truck market.

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07 May
Clarissa Hawes

‘The Everything Store’ author Stone talks about Amazon’s e-commerce domination at Transparency 2019

Amazon’s explosive growth and e-commerce domination, which has contributed to its expansive transportation and logistics footprint around the globe, is the subject of a second book by Brad Stone.

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06 May
Clarissa Hawes

Tech pioneer Levandowski talks state of autonomous trucking at Transparency 2019

After a brief hiatus, technology pioneer Anthony Levandowski has reappeared on the autonomous vehicle scene, but has dialed back his initial vision for driverless trucks in favor of a new safety system designed to assist drivers behind the wheel.

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02 May
Clarissa Hawes

Former Falcon Transport execs allege mismanagement, contract demands led to company’s abrupt collapse

Former Falcon Transport executives allege that financial mismanagement and a poorly negotiated contract with General Motors led to the company’s abrupt closure on April 27.

Read More »
Clarissa Hawes

Dana Inc. reports record sales, but posts lower net income in first quarter

Releasing its earnings before the market open on May 2, Dana Inc. (NYSE: DAN) reported a drop in net income, which was $98 million in the first quarter of 2019, down from $108 million compared with the same three months of 2018.

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01 May
Clarissa Hawes

Saia Inc. reports increases in revenue, operating income in the first quarter

Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the first quarter of 2019.

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Apr - 2019 -
30 April
Clarissa Hawes

Paccar posts record revenues, profits in first quarter

Paccar  (NASDAQ: PCAR) reported record revenues and net income for the first quarter of 2019, beating analysts’ estimates on April 30.

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29 April
Clarissa Hawes

Former Falcon Transport employees, drivers saw red flags before abrupt closure

Former truck drivers and employees of Falcon Transport of Youngtown, Ohio, admit there were warning signs that the company was experiencing financial problems, but few said they expected the company to cease operations abruptly on Saturday, April 27, stranding truckers hauling loads without working fuel cards or further instructions.

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28 April
Clarissa Hawes

Falcon Transport drivers told to cease driving immediately after abrupt closure

Truck drivers for the flatbed truckload carrier, Falcon Transport of Youngstown, Ohio, said they received emails late April 27 stating the company was shuttering operations effective immediately.

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27 April
Clarissa Hawes

Estes Express Lines to acquire two New England Motor Freight affiliates for $15 million

Richmond, Virginia-based Estes Express Lines has submitted a $15 million bid to buy two affiliates of bankrupt New England Motor Freight – Eastern Freight Ways Inc. and Carrier Industries Inc. – on April 26.

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Clarissa Hawes

Canadian carrier Bison Transport acquires intermodal assets of Celadon Group

Canadian trucking company Bison Transport acquired all of the intermodal assets of Indianapolis, Indiana-based Celadon Group Inc. on April 26.

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26 April
Clarissa Hawes

Daimler posts lower net income, revenue in first quarter 2019, but predicts better year-end finish

Despite lower net income and revenue in the first quarter of 2019, Daimler AG (DAI.XE) reported on April 26 that it expects to see slight earnings and revenue growth for the year.

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25 April
Clarissa Hawes

USA Truck reports most profitable first quarter results since 2006

USA Truck (NASDAQ: USAK) posted its most profitable first quarter results since 2006 on April 25. The quarter is now the seventh straight quarter of profitability.

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Clarissa Hawes

Rush Enterprises cites solid truck sales, aftermarket business for robust $1.34 billion first-quarter revenue

The company’s net income in the first quarter was $37.1 million, or $0.98 cents per diluted share, up 76.6 percent compared to net income of $21 million, or $0.51 per diluted share, in the first quarter of 2018. This exceeded analysts’ expectations of $0.88 per share for the first quarter of 2019.

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