Swift Transportation Co., in its first public earnings statement since going public late last year, said its fourth-quarter net loss was less than that of a year earlier and that its operating revenue improved.
January 25, 2011Business, Logistics
Canadian Pacific’s Profit Improves
Canadian freight railroad Canadian Pacific’s fourth-quarter net income increased 27.1% to C$185.8 million, or C$1.09 per share, from C$146.2 million, or 87 cents, a year earlier.
January 26, 2011Business, Logistics
Swift’s Fourth-Quarter Loss Narrows
Business, Logistics
CN’s Profit Falls in 4Q, Grows in Year
Canadian National Railway Co. said its fourth-quarter net income fell 13.6% to C$503 million, or C$1.08 per share, from C$582 million or $1.23 per share, a year earlier.
January 25, 2011Business, Logistics
CSX’s 4Q, Full-Year Earnings Jump on Higher Volume
CSX Corp. said Monday its fourth-quarter profit jumped 42% on higher shipments from auto manufacturers and other industrial shippers.
January 24, 2011Business, Logistics
Canadian Rail Workers Drop CN Strike Threat
Canadian National Railway Co. reached a contract deal with the Canadian Auto Workers union Monday and the union dropped its threat to strike Tuesday, Reuters reported.
January 24, 2011Business, Logistics
USA Truck Plans to Install SkyBitz Trailer-Tracking Feature
Truckload carrier USA Truck said it will fit almost all of its trailers with a new tracking system.
January 24, 2011Business, Logistics
Union Pacific’s 4Q Profit Jumps 41%
Union Pacific Corp.’s fourth-quarter profit 41% on higher volume, the railroad said Thursday.
January 20, 2011Business, Logistics
2010 Rail Freight Volumes Grow at Fastest Pace in 50 Years
North American rail freight volumes, led by intermodal, climbed out of the recession at a brisk pace in 2010, posting an 11% year-over-year growth rate that was the fastest pace in at least 50 years.
January 17, 2011Business, Logistics
Intermodal Traffic Rises 8.6% for Week
Intermodal traffic rose 8.6% in the week ended Saturday compared with the first week of 2010, the Association of American Railroads reported.
January 14, 2011Business, Logistics
Odyssey Logistics & Technology Acquires Optimodal Inc. to Add Intermodal Option
Third-party logistics provider Odyssey Logistics & Technology Corp. said Jan. 11 it has acquired Optimodal Inc. to expand intermodal service options in North America for containerized chemicals shipments.
January 13, 2011