Truckload carrier Celadon Group said late Wednesday its fiscal second-quarter profit plunged 72% to $1.7 million, or 8 cents a share, from $6.1 million, or 26 cents, a year earlier.
January 24, 2008Business, Safety, Government
Knight’s Fourth-Quarter Income Drops
Truckload carrier Knight Transportation’s fourth-quarter profit fell to $13.8 million, or 16 cents a share, from $18.9 million, or 23 cents, a year ago.
January 24, 2008Business
Celadon’s 2Q Income Drops
Business
USA Truck Reports $1.6 Million 4Q Loss
Truckload carrier USA Truck said Thursday it lost $1.6 million in the fourth quarter, due to a “challenging freight environment.â€
January 24, 2008Business, Logistics
Union Pacific Reports Higher 4Q Profit
Union Pacific Corp., the largest U.S. freight railroad by revenue, said Thursday its fourth-quarter net income rose to $491 million, or $1.86 per share, from $485 million, or $1.78, a year earlier.
January 24, 2008Business, Safety, Government
Trucking Stocks Rebound Sharply
Trucking and transportation stocks rose sharply Wednesday as the general stock market rebounded, news reports said.
January 24, 2008Business, Government, Safety, Fuel
Letters to the Editor: HOS, Public Citizen, Fuel Prices, N.J. Turnpike, Fuel in New England
So, we were able to keep two important features of the hours-of-service rules in place — which should have been no surprise to any one.
January 24, 2008Business, Safety, Government
Railroads, Transport Union Reach Accord
U.S. freight railroads have reached a tentative contract with about 81,000 workers represented by the United Transportation Union, Bloomberg reported Thursday.
January 24, 2008Business, Equipment
Cummins to Add 500 Workers
Heavy-duty diesel engine maker Cummins Inc. said it will add about 500 professional employees, many of them engineers, over the next two years.
January 24, 2008Business
Ford Takes $2.8 Billion Fourth-Quarter Loss
Ford Motor Co. said Thursday it lost $2.8 billion in the fourth quarter, an improvement from the same quarter a year ago, in which it lost twice that amount.
January 24, 2008Business
Deutsche Post to Take $874 Million Charge on DHL
Germany-based Deutsche Post AG will write down the value of its DHL Americas unit by $874 million, Bloomberg reported Wednesday.
January 23, 2008