Canadian firms TransForce Inc. and Mullen Group reported lower first-quarter net income due in part to harsh winter weather.
April 29, 2014Business, Logistics
Canadian Trucking Firms Report 1Q Income Drops Due to Harsh Winter
Business, Logistics
BNSF, CP Pledge to Provide Trains to Ship Fertilizer to US Farmers
The two main railroads serving the oil-producing states in the Upper Midwest have pledged to dedicate enough equipment to get adequate fertilizer shipments to farmers there in time for spring planting.
April 28, 2014Business, Logistics
Swift Reports Lower First-Quarter Profit
Swift Transportation Co. reported its first-quarter net income fell 59% to $12.3 million, or 9 cents per share, as winter weather drove down profits.
April 25, 2014Business, Logistics
Intermodal Rail Traffic Rises 7.6% for Week
U.S. rail intermodal traffic increased 7.6% in the week ended April 19 compared with the same week last year, the Association of American Railroads reported.
April 25, 2014Business, Logistics
Echo Global Logistics’ 1Q Net Income Falls 18%; Revenue Improves
Echo Global Logistics’ first-quarter net income fell 18% to $2.4 million, or 10 cents per share, from $3 million, or 13 cents per share.
April 25, 2014Business, Logistics
Norfolk Southern’s First Quarter Profit Declines
Norfolk Southern Corp. said its first-quarter profit declined and operating revenue dropped 2%.
April 23, 2014Business, Logistics
Canadian Railroads’ 1Q Earnings Rise
Canada’s two major freight railroads reported higher first-quarter earnings from a year ago despite harsh winter conditions.
April 23, 2014Business, Logistics
STB Pressures Two Railroads to Speed Fertilizer Shipments
BNSF Railway and Canadian Pacific Railway, the primary railroads in oil-rich North Dakota, last week came under federal pressure to accelerate fertilizer shipments to the region after delays on both lines slowed that freight as planting deadlines approach.
April 21, 2014Business, Logistics
Hub Group Reports Lower 1Q Profit, Citing Weather
Hub Group Inc. said its first-quarter profit slipped from a year ago, citing “extreme weather in many markets,” although its revenue improved.
April 18, 2014Business, Logistics
Intermodal Rail Traffic Rises 9.3% for Week
U.S. rail intermodal traffic increased 9.3% in the week ended April 12 compared with the same week last year, the Association of American Railroads reported.
April 18, 2014