Truck dealership Rush Enterprises’ first-quarter net income fell to $2.9 million, or 8 cents a share, from $9.7 million, or 25 cents, a year ago.
April 22, 2009BusinessSafetyGovernment
Knight’s First-Quarter Income Improves
Truckload carrier Knight Transportation’s first-quarter profit rose to $11.7 million, or 14 cents a share, from $11.4 million, or 13 cents, a year ago.
April 22, 2009Business
Vitran Reports First-Quarter Loss
Vitran Corp. lost $2.4 million, or 17 cents a share in the first quarter, compared with a profit of $1.1 million, or 8 cents, a year earlier.
April 22, 2009Business
Hub Group’s 1Q Profit Falls
Intermodal firm Hub Group Inc.’s first-quarter net income fell 53% to $6.2 million, or 17 cents a share, from $13.1 million, or 35 cents, a year ago.
April 22, 2009BusinessGovernmentSafety
Arkansas Best Reports $18 Million 1Q Loss
Arkansas Best Corp. Wednesday reported a first-quarter loss of $18.2 million, or 73 cents a share, compared with a profit of $8.5 million, or 34 cents, a year ago.
April 22, 2009Business
Opinion: After the Recession Ends . . .
We may not know when the current recession will be over, but we do know that we’re getting closer with every passing day. This is not the first recession the trucking industry has seen, nor will it be the last.
April 22, 2009BusinessTechnologyEquipmentSafety
Ryder’s 1Q Income Plunges 88%
Ryder System said Wednesday its first-quarter profit fell 88% and that it was suspending earnings forecasts for future quarters due to the uncertain economy.
April 22, 2009BusinessLogistics
Norfolk Southern’s 1Q Profit Drops 39%
Norfolk Southern Corp. said its first-quarter profit fell 39% from a year ago on lower shipping demand.
April 22, 2009Business
Volvo Cutting 1,500 Jobs in Sweden
Volvo AB said it will cut more than 1,500 jobs in Sweden, including 655 in its truck division, citing a “sharp decline” in global demand for trucks.
April 22, 2009GovernmentBusinessSafety
Court Backs FedEx on Drivers’ Status
FedEx Corp.’s small-package delivery drivers may be classified as independent contractors and not company employees, a federal appeals court ruled Tuesday, Bloomberg reported.
April 21, 2009