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Oct 31, 2014

TRUCKING INDUSTRY * USA: Swift Transportation - Celadon - Suit against Morgantown

* Arizona - Swift Transportation looks to add 300 trucks

Phoenix,AZ,USA -Robins Consulting -29 Oct 2014:  -- Swift Transportation, the largest U.S.A. truckload carrier had more freight in the third quarter than it could handle, even with 300 more tractor-trailers hauling truckload shipments... The earnings reports of Phoenix-based Swift and truckload competitors Werner Enterprises and Knight Transportation show freight demand rose to match and exceed truck capacity in the last quarter, with “overbooked” motor carriers adding incremental capacity when possible to keep up...


* Indiana - Celadon acquires Pennsylvania trucking firm for $55 million

(Photo: Tractor the youngest fleet on the road. The average age of a Celadon tractor is less than 2 years, compared with the industry average of 7) 
Indianapolis,IND,USA -Indianapolis Business Journal -29 Oct 2014: -- Indianapolis-based Celadon Group Inc. has acquired a Pennsylvania trucking firm for $55 million, the company announced Monday... A and S Services Group LLC is a regional for-hire truckload company based in New Freedom that serves the Mid-Atlantic and Northeast regions. New Freedom is a borough of 4,500 in southeast Pennsylvania... Celadon said it assumed $31.8 million in operating leases that it will capitalize and record on its balance sheet for approximately $74.9 million of tangible net assets...


* Virginia - Trucking companies file lawsuit against Morgantown, citing heavy truck ordinance

(Photo: Heavy truck makes a wide turn onto the Walnut Street Bridge in downtown Morgantown)
Morgantown,VA,USA -12 News WBOY, by Kim Freda -Oct 28, 2014: -- Two trucking companies have filed a lawsuit against the city of Morgantown and the West Virginia Division of Highways regarding the city's attempt to pass an ordinance that would prohibit heavy trucks in the downtown area... Safe Streets Morgantown proposed the ordinance to Morgantown City Council in August, citing trucks that cause disturbances in residential neighborhoods and in business areas due to the noise and emissions from the trucks. The ordinance, which was later passed by city council, classifies 'heavy trucks' as exceeding 26,000 lbs. and having three or more axles... The trucking companies assert that Morgantown has violated state and federal law through a series of incomprehensible municipal legislative actions. Morgantown's actions injure local trucking businesses and frustrates basic constitutional principles. The heavy truck ordinance is inconceivable, as it leads to the result of empowering cities to usurp the WV DOH's authority and control over the state road system, said the court filing... The suit, was filed by Nuzum Trucking Company of Shinnston and Preston Contractors Inc. of Kingwood, cites that the ban is unenforceable and recommends an injunction prohibiting Morgantown from enforcing the ban...

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posted by Unknown @ 5:59 PM 

1 Comments:

Blogger Avi Schecter said...

I am looking for info on factoring. I recently started factoring invoices because I never get paid on my loads on time. I signed up with www.corefundcapital.com because they provide discount fuel cards which helps to cover some of the freight factoring costs. Anybody else use a similar service?

4:24 AM  

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