UPS Inc. said Thursday its second-quarter profit fell 43.4% to $549 million, or 55 cents a share, from $970 million, or 96 cents, a year ago.
October 22, 2009Business, Logistics
Union Pacific’s 3Q Profit Drops
Union Pacific Corp.’s third-quarter profit fell 26% to $517 million, or $1.02 per share, from $703 million, or $1.38, a year ago.
October 22, 2009Business, Safety, Government
Knight’s 3Q Income Declines
Truckload carrier Knight Transportation’s third-quarter profit fell to $13.1 million, or 16 cents a share, compared with $16 million, or 19 cents, a year ago.
October 21, 2009Business, Fuel, Government
Forward Air’s 3Q Income Declines
Forward Air Corp. said late Wednesday its third-quarter profit fell to $3.8 million, or 13 cents per share, from $12.1 million, or 42 cents, a year ago.
October 21, 2009Business
Hub Group’s Third-Quarter Income Declines
Hub Group Inc. said late Wednesday its third-quarter net income fell to $9.8 million, or 26 cents a share, from $16.9 million, or 45 cents, a year ago.
October 21, 2009Business, Safety, Government
Trucking Sluggish in Some Regions, Fed ‘Beige Book’ Says
Despite some signs of economic recovery, transportation services activity in most regions declined in the six weeks through mid-October, the Federal Reserve said Wednesday.
October 21, 2009Business
Oil Closes Above $81 a Barrel
Oil closed at more than $81 a barrel Wednesday for the first time in a year as an inventory report showed that stockpiles are at the highest level since August.
October 21, 2009Business, Safety, Government, Logistics
C.H. Robinson’s 3Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $95.5 million, or 57 cents a share, up slightly from $93.6 million, or 54 cents a share, a year ago.
October 21, 2009Business, Logistics
CN Reports Lower 3Q Profit; Appoints New CEO
Canadian National Railway Co. said its third-quarter net income dropped to C$461 million or 97 cents per share, from C$552 million or C$1.16 per share a year earlier.
October 21, 2009Business, Government
Arkansas Best Takes 3Q Loss; CEO Davidson to Step Down
Arkansas Best Corp. said Wednesday it took a third-quarter loss and that Chief Executive Officer Robert Davidson will retire at the end of this year, to be succeeded by Judy McReynolds.
October 21, 2009