Old Dominion Freight Line said Wednesday its first-quarter profit rose to $7.7 million, or 21 cents per share, from $4 million, or 11 cents, a year ago.
April 28, 2010Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Vitran’s First-Quarter Loss Narrows
Vitran Corp. said late Tuesday it lost $900,000, or 6 cents a share, in the first quarter, narrowing its loss of $2.4 million, or 17 cents, in the same period last year.
April 28, 2010P.A.M. Lowers First-Quarter Loss
P.A.M. Transportation Services said it lost $315,000 in the first quarter, compared with a $3.3 million loss a year ago.
April 28, 2010Norfolk Southern’s Profit Jumps
Norfolk Southern Corp. reported that its first-quarter profit rose 45% from a year ago.
April 28, 2010Canadian Pacific’s 1Q Profit Improves
Canadian freight railroad Canadian Pacific’s first-quarter net income jumped 74% to C$99.8 million, or 59 cents per share, from C$57.3 million, or 36 cents, a year earlier.
April 28, 2010Kansas City Southern’s 1Q Profit Rises
Kansas City Southern said it earned $32.6 million, or 34 cents a share, in its first quarter, compared with a loss of $8.1 million, or 9 cents, the previous year.
April 28, 2010UCR Fees to Nearly Double
The Federal Motor Carrier Safety Administration released the 2010 fees for the Unified Carrier Registration program Monday, more than doubling the levy across the board but setting it slightly lower than the agency had proposed last year.
April 27, 2010Trucking to Illinois Tollway: No New Tolls
Trucking has a seat on a newly-created transition team that is supposed to set the future course of the Illinois Tollway but higher tolls are not in trucking’s future, the industry representative said.
April 27, 2010N.J. to Close Rest Stops on Two Interstates
New Jersey plans to close bathrooms at two more highway rest stops due to budget cutbacks this year, a move that has renewed calls to allow states to lease rest areas to private truck stop operators.
April 27, 2010Cummins’ 1Q Income Improves
Cummins Inc. said Tuesday its first-quarter profit jumped to $149 million, or 75 cents a share, from $7 million, or 4 cents, a year ago.
April 27, 2010Trending
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