Canada’s two major freight railroads reported higher first-quarter earnings from a year ago despite harsh winter conditions.
April 23, 2014Business, Logistics
Canadian Railroads’ 1Q Earnings Rise
Business, Logistics
Union Pacific’s 1Q Earnings Jump 14%
Union Pacific Corp.’s first-quarter earnings jumped 14% to $1.1 billion, or $2.38 a share, the company reported April 17. Revenue rose 6.6% to $5.64 billion.
April 17, 2014Business
Knight Says 1Q Earnings Higher Than Forecast
Knight Transportation Inc. said in a preliminary first-quarter earnings statement that its profit for the period exceeded an earlier forecast, reaching 22 to 23 cents per share, as demand and rates improved.
April 14, 2014Business, Logistics
Swift Says Weather Will Affect 1Q Earnings
Swift Transportation Co. said it expects its first-quarter earnings to be 11 to 13 cents per share, lower than previously expected, due to severe weather.
April 8, 2014Business, Logistics
Canadian Carriers Report Mixed Earnings
Canadian transportation firm TransForce Inc. said its income dropped in the fourth quarter, which was mostly attributed due to bad weather, and Contrans Group reported its earnings increased in 2014.
February 28, 2014Business
Universal Truckload’s 4Q Earnings Jump
Universal Truckload Services Inc. said its net income rose in both the fourth quarter of 2013 and the full year.
February 21, 2014Business
Three Truckload Fleets Show Weaker Profits, But Heartland’s Earnings Rise in Quarter
Three more truckload carriers reported weaker quarterly profits, citing higher costs, but Heartland Express posted improved results as earnings reports in the sector wound down last week.
February 10, 2014Business
Volvo Doubles Planned Job Cuts as 4Q Earnings Fall
Swedish truck-maker Volvo AB said it is more than doubling planned job cuts to 4,400 as its fourth-quarter operating income dropped 17% to 996 million kronor ($180.1 million).
February 6, 2014Business
UPS to Bolster Package Network as Holiday Surge Hurts Earnings
UPS Inc. last week outlined new steps to strengthen its domestic package network this year in the wake of an 8.5% decline in profit triggered by an unexpected late surge of holiday shipments.
February 3, 2014Business, Logistics
Hub Group’s 4Q Earnings Fall
Hub Group Inc. said its net income fell in the fourth quarter of 2013 but increased in the full year.
January 28, 2014