fleet news

Heartland Express buys Interstate Distributor for $113M

Heartland Express (No. 36, CCJ Top 250) announced Thursday it has acquired 100 percent of the outstanding stock of Tacoma, Washington-based Interstate Distributor Co. (No. 74, CCJ Top 250) from Saltchuk Resources in a reported $113 million deal.

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Central Freight Lines adds owner-operator team division

Teams in the new division will earn $1.15 base pay plus fuel surcharge. They can also expect dedicated lanes, terminal-to-terminal runs, two coast-to-coast options, and 5,000 miles or more per week.

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Large fleet raises pay for regional drivers

Drivers who have been with the Averitt Express for more than 10 years are receiving a pay increase to 50 cents per mile, and drivers with at least 5 years with the company are seeing a bump up to 48 cents per mile.

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XPO drivers recognized for surpassing 3M safe driving miles

The 19 drivers recognized for exceeding three million safe driving miles have an average tenure with the company of 30 years.

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Daseke awarding truckers with company stock

The company will award approximately 2,100 drivers and 800 other employees who are employed by Daseke companies and who were with a Daseke company in 2016 with the stock grants.

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Gemini awards 78 drivers with $1.8 million in safety bonuses

The bonuses, which equate to approximately $23,000 per driver depending on his or her previous 12 months’ salary, were awarded to drivers who remained accident-fee and adhered to the company’s safety policies and procedures for five years.

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Oakley Transport opens new PA terminal

The company says the new terminal is located at the existing Elizabethtown Quala tank wash facility, marking the fifth of Oakley's 10 terminals to be located at a Quala wash.

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Celadon, facing $10 million operating loss, wants to scale back reliance on owner-operators

About 1,000 owner-operators worked for the company in 2015, according to data from the CCJ Top 250. Celadon said Wednesday it plans to focus less on recruiting and using owner-operators and instead will “emphasize company drivers” in an effort to boost the company’s profitability.

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Knight-Swift merger cleared by FTC

The FTC has granted approval to the merger of two of the country’s largest truckload carriers, Knight Transportation and Swift Transportation. The merger, which will create a truckload giant made up of about 30,000 power units, was announced last month, with the deal expected to close sometime this summer.

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Swift, Knight enter merger agreement

In 2016, Swift reported just over $4 billion in revenue, and Knight reported $1.1 billion in revenue. The merger is expected to close in the third quarter of this year, subject to regulatory approvals and closing conditions.

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