U.S. intermodal traffic rose 6.8% last week from the same week a year ago, the Association of American Railroads reported.
July 19, 2012BusinessLogistics
Forward Air’s Second-Quarter Income Rises
Forward Air Corp.’s second-quarter net income rose to $14.2 million, or 48 cents a share, from $12 million, or 40 cents, a year ago.
July 20, 2012BusinessLogistics
Hub Group’s Profit Rises on Stronger Logistics, Intermodal Operations
Hub Group Inc.’s second-quarter profit rose 18% as its intermodal and logistics operations improved.
July 20, 2012GovernmentBusinessEquipment
Daimler’s China Venture to Build Engine Plant
Daimler AG and its joint-venture partner, China’s Beiqi Foton Motor Co., said they will build a $166 million plant with the capacity to make as many as 45,000 engines a year for its trucks to serve the fast-growing Chinese market.
July 19, 2012Business
Vitran Reports Second-Quarter Loss
Vitran Corp. reported a second-quarter loss Thursday as its less-than-truckload operations declined.
July 19, 2012BusinessLogistics
Existing ºÚÁϳԹÏÍø Sales Drop in June
Existing home sales declined 5.4% in June, an eight month low, the National Association of Realtors said Thursday.
July 19, 2012Business
USA Truck Reports 2Q Loss
USA Truck reported a second-quarter loss, citing a “lack of network efficiency.â€
July 19, 2012GovernmentBusiness
Leading Economic Indicators Decline in June
An index of leading economic indicators declined 0.3% in June, the New York-based Conference Board said Thursday.
July 19, 2012BusinessEquipment
Philadelphia Factory Index Contracts for Third Month
Manufacturing activity in the Philadelphia region contracted for a third straight month in July, Federal Reserve Bank of Philadelphia said Thursday.
July 19, 2012BusinessLogistics
Union Pacific’s 2Q Earnings Rise 28%
Union Pacific Corp. said Thursday its second-quarter profit rose 28% to $1 billion, or $2.10 a share, from $785 million, or $1.59, a year ago.
July 19, 2012