Truckload carrier Landstar System said its earnings per share rose to a second-quarter record as its trucking and logistics operations improved on higher demand.
July 26, 2012Business
Covenant Transportation’s 2Q Profit Improves
Covenant Transportation Group’s second-quarter net income rose to $4.3 million, or 29 cents per share, from $1.7 million, or 11 cents, a year earlier.
July 26, 2012BusinessLogistics
Universal’s 2Q Income Rises; Will Buy Logistics Firm for $335 Million
Universal Truckload Services said Thursday its second-quarter profit improved and that it will buy third-party logistics firm LINC Logistics for $335 million.
July 26, 2012BusinessFuel
Michigan Declares Fuel Emergency, Lifts HOS Restrictions
Michigan Gov. Rick Snyder declared an energy emergency in Michigan this week, due to shortages of diesel and gasoline in the state’s Upper Peninsula caused by a pipeline shutdown in Wisconsin.
July 26, 2012Business
Rush’s Income Rises on Higher Truck, Aftermarket Sales
Truck dealership Rush Enterprises reported a higher second-quarter profit on higher truck and aftermarket sales.
July 26, 2012Business
Mullen Group’s 2Q Income Drops
Canadian transportation firm Mullen Group said its second-quarter profit declined, primarily foreign exchange-rate accounting, though operating income rose 9%.
July 26, 2012Business
Pacer’s Second-Quarter Income Declines
Pacer International’s second-quarter net income fell, as its intermodal and logistics margins declined from a year ago.
July 26, 2012BusinessEquipment
Dana Reports Higher 2Q Profit
Truck and auto component maker Dana Holding Corp.’s second-quarter profit improved on higher North American production levels, the company said Thursday.
July 26, 2012Business
Durable Orders Rise 1.6% in June
Durable goods orders rose 1.6% in June, the Commerce Department said Thursday.
July 26, 2012Business
Initial Jobless Claims Drop for Week
Initial jobless claims dropped last week, the Labor Department said Thursday.
July 26, 2012