Jerry Moyes, founder and CEO of Swift Transportation Company of Phoenix, one of the nation’s largest truckload carriers, will step down December 31, the company reported yesterday. Richard Stocking, who joined Swift in 1992 and has served as Swift’s president and chief operating officer since 2010, will take over as president and CEO when Moyes retires.
Trucking Solutions Group, truckers who work to better the industry, has announced the election of its new chairman, Henry Albert of Albert Transport Inc.
FORT SMITH, Ark. — ABF Logistics has acquired Logistics & Distribution Services (LDS), a private logistics and distribution company headquartered in Sparks, Nevada, in a transaction valued at $25.0 million, subject to normal post-closing adjustments.
Celadon Group Inc. reported September 1 an 18.3 percent increase in revenue to $1.07 billion for the year ended June 30, 2016. But Celadon, one of the largest motor carriers in the U.S. with truckload, intermodal, expedited and other transport services, saw net income for the year drop 33.2 percent to $24.8 million from the year ended June 30, 2015.
August preliminary Class 8 truck orders increased 36 percent from the previous month to 14,000, but the total represents the weakest August since 2010, according to a report today from transportation analyst firm FTR.