FMCSA

Old Dominion Freight Line Provides Update for First Quarter 2024

Retrieved on: 
Tuesday, March 5, 2024

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2024.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2024.
  • Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, “Our revenue results turned slightly positive in February but continue to reflect softness in the domestic economy.
  • Our LTL shipments per day also increased slightly as compared to February 2023 while our yield metrics continued to improve.
  • Old Dominion Freight Line, Inc. is one of the largest North American LTL motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

PECO Pallet Honors Top Trucking Providers with 2023 Carrier of the Year Awards

Retrieved on: 
Monday, March 4, 2024

ITASCA, Ill., March 4, 2024 /PRNewswire-PRWeb/ -- PECO Pallet, one of North America's largest providers of rental pallet services to the beverage, grocery, and consumer products industries, has recognized two trucking companies for exemplary performance in its inaugural Carrier of the Year award program.

Key Points: 
  • ITASCA, Ill., March 4, 2024 /PRNewswire-PRWeb/ -- PECO Pallet, one of North America's largest providers of rental pallet services to the beverage, grocery, and consumer products industries, has recognized two trucking companies for exemplary performance in its inaugural Carrier of the Year award program.
  • We congratulate Venture Logistics and JIT-EX on their 2023 performances.
  • Chosen as awardees for PECO's 2023 Carrier of the Year honors were Venture Logistics of Indianapolis, Indiana, named Linehaul Carrier of The Year; and JIT-EX of Memphis, Tennessee, recognized as Dedicated Carrier of The Year.
  • PECO Pallet operates North America's second largest pallet rental network with some 90 pallet depots deploying and managing an inventory of over 20 million of its signature red, high-quality pallets.

Old Dominion Freight Line Declares Two-for-One Stock Split

Retrieved on: 
Friday, February 16, 2024

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has approved a two-for-one stock split of its common stock.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has approved a two-for-one stock split of its common stock.
  • The split will be effected by issuing one additional share of common stock for every share of common stock held.
  • Upon completion of the split, the Company will have approximately 217,600,000 shares outstanding.
  • Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (“LTL”) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Motive Files Lawsuit Against Samsara to Protect Innovation and Fair Competition

Retrieved on: 
Thursday, February 15, 2024

Motive Technologies, Inc. (“Motive”), the only AI-powered Integrated Operations Platform for the physical economy, today filed a lawsuit against Samsara Inc. (“Samsara”) (NYSE: IOT) to protect innovation and fair competition for the benefit and safety of customers.

Key Points: 
  • Motive Technologies, Inc. (“Motive”), the only AI-powered Integrated Operations Platform for the physical economy, today filed a lawsuit against Samsara Inc. (“Samsara”) (NYSE: IOT) to protect innovation and fair competition for the benefit and safety of customers.
  • Despite its efforts, Samsara has failed to develop competitive AI technology and has been losing customers, particularly large Enterprise accounts, to Motive.
  • Rather than develop better products, Samsara has resorted to waging a meritless legal battle and associated marketing campaign against Motive in an underhanded attempt to limit competition and stifle innovation.
  • With today’s filing, Motive seeks to set the record straight and put an end to Samsara’s unlawful and anticompetitive behavior.

Stoneridge's MirrorEye® Camera Monitor System Receives FMCSA Exemption Renewal

Retrieved on: 
Friday, February 2, 2024

NOVI, Mich., Feb. 2, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) announced today that its Federal Motor Carrier Safety Association (FMCSA) exemption for its MirrorEye® Camera Monitor System (CMS) has been renewed for an additional five years.

Key Points: 
  • NOVI, Mich., Feb. 2, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) announced today that its Federal Motor Carrier Safety Association (FMCSA) exemption for its MirrorEye® Camera Monitor System (CMS) has been renewed for an additional five years.
  • "This exemption renewal reinforces the benefits of our MirrorEye system from both a fuel economy and safety perspective," said Jim Zizelman, president and CEO of Stoneridge.
  • MirrorEye was the first camera monitor system to receive this exemption.
  • To view the complete exemption renewal, please visit the FMCSA posting here .

Old Dominion Freight Line Provides Update for Fourth Quarter 2023

Retrieved on: 
Tuesday, December 5, 2023

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for November 2023.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for November 2023.
  • Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, “The decrease in our November revenue reflects continued softness in the domestic economy.
  • We undertake no obligation to publicly update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law.
  • Old Dominion Freight Line, Inc. is one of the largest North American LTL motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Members of Congress and Truck Safety Coalition Issue Call for Change Following Release of Deadliest Truck Crash States Report

Retrieved on: 
Monday, October 30, 2023

WASHINGTON, Oct. 30, 2023 /PRNewswire-PRWeb/ -- Today, the Truck Safety Coalition called for immediate action to advance critical truck safety reforms following the sobering release of the "Deadliest Truck Crash States" report. The report ranks States on truck crash fatalities per 100,000 population for 2021, the most recent year for which data is available. The "deadliest dozen" states in order are New Mexico, Arkansas, Mississippi, Montana, Oklahoma, Wyoming, Alabama, Louisiana, Nebraska, Kentucky, South Carolina, and Texas. The report data was generated by the National Center for Statistics and Analysis at the National Highway Traffic Safety Administration (NHTSA).

Key Points: 
  • WASHINGTON, Oct. 30, 2023 /PRNewswire-PRWeb/ -- Today, the Truck Safety Coalition called for immediate action to advance critical truck safety reforms following the sobering release of the "Deadliest Truck Crash States" report.
  • The report ranks States on truck crash fatalities per 100,000 population for 2021, the most recent year for which data is available.
  • The report data was generated by the National Center for Statistics and Analysis at the National Highway Traffic Safety Administration (NHTSA).
  • The report provides valuable insights into one of the worst years for truck crash deaths in modern history.

Old Dominion Freight Line Announces $0.40 Per Share Quarterly Cash Dividend

Retrieved on: 
Thursday, October 19, 2023

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share of common stock, payable on December 20, 2023, to shareholders of record at the close of business on December 6, 2023.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share of common stock, payable on December 20, 2023, to shareholders of record at the close of business on December 6, 2023.
  • This dividend represents a 33.3% increase over the dividend paid in December 2022.
  • Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (“LTL”) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

Netradyne Launches Driver•i One to Streamline Fleet Management and Enable Unmatched Safety and Performance

Retrieved on: 
Wednesday, October 18, 2023

This consolidation of safety and fleet management not only means an integrated view but streamlined subscription billing, one piece of hardware, and lower costs - all with hands-on customer support from Netradyne.

Key Points: 
  • This consolidation of safety and fleet management not only means an integrated view but streamlined subscription billing, one piece of hardware, and lower costs - all with hands-on customer support from Netradyne.
  • Fleet Management: Amid rising fuel and maintenance costs, road hazards and customer demand for faster delivery, fleets are under pressure to improve performance.
  • Netradyne’s integrated fleet safety and management solution combines its Driver•i intelligent dashcam and video telematics platform with several industry-leading fleet management features to help increase productivity and reduce costs.
  • “Netradyne was created to provide one of the most vital industries with an unwavering and unique approach to road safety.

Omega Laboratories Achieves SAMHSA Accreditation

Retrieved on: 
Tuesday, October 17, 2023

MOGADORE, Ohio, Oct. 17, 2023 /PRNewswire/ -- Omega Laboratories, Inc. (Omega), a leading provider of comprehensive drug testing solutions, announces that its state-of-the-art laboratory in Ontario, Canada has received Substance Abuse and Mental Health Services Administration (SAMHSA) accreditation from the National Laboratory Certification Program (NLCP).

Key Points: 
  • MOGADORE, Ohio, Oct. 17, 2023 /PRNewswire/ -- Omega Laboratories, Inc. (Omega), a leading provider of comprehensive drug testing solutions, announces that its state-of-the-art laboratory in Ontario, Canada has received Substance Abuse and Mental Health Services Administration (SAMHSA) accreditation from the National Laboratory Certification Program (NLCP).
  • Omega Laboratories announces that its state-of-the-art laboratory in Ontario, Canada has receivedSAMHSA accreditation.
  • This exclusive status underscores Omega Laboratories' exceptional commitment to excellence and positions Omega among the most distinguished in the field.
  • "We are proud to receive SAMHSA accreditation for our Ontario laboratory," said Jerry Crosby, President of Omega Laboratories.