Profits at Universal Logistics Holdings Inc. fell 42% year-over-year despite 9.2% growth in revenue during the same period, which the company acknowledged was due to problems with a few of its large value-added programs.
April 27, 2017Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group
Sandwiched between “soft pricing” and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased.
April 26, 2017Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air
Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.
April 26, 2017Swift Suffers in First Quarter as Profits Plunge 84%
Swift Transportation reported profits plunged 84% in the first quarter compared with 2016 as truckload carriers suffered from continued excess capacity and lower contract prices than they had hoped for this year.
April 25, 2017ExpoCam Provides Recruiting Opportunities for Companies
MONTRÉAL — Mercer Transportation Co. is a regular at the Mid-America Trucking Show because the flatbed carrier and MATS share Louisville, Ky., as a hometown — but that was not a reason to avoid ExpoCam.
April 24, 2017Pricey Canadian Diesel Kindles Desire for Aerodynamic Savings
MONTREAL — Two suppliers of aerodynamic fairings at the ExpoCam truck show here said sales of the mileage-enhancing products are popular on both sides of the U.S.-Canadian border. However, a key difference is the approach of the government.
April 24, 2017Mack, SAF Holland Roll Out Extra-Heavy-Duty Options
MONTREAL — Equipment manufacturers Mack Trucks and SAF Holland rolled out extra-heavy-duty options here at the ExpoCam truck show, while an executive with trailer maker Manac Inc. pointed out that his customers often have to heat their dry vans.
April 24, 2017Platinum Equity to Buy American Traffic Solutions
Platinum Equity has agreed to buy American Traffic Solutions, a company that provides red-light and speed safety cameras along with automated toll-payment and violation-management systems in the United States and Canada.
April 24, 2017Editorial: Saving the Planet? It’s on Us
While President Donald Trump is calling for reversals of some environmental regulations, it’s important to note what isn’t changing. And that is the commitment that freight carriers, truck makers and even some shippers, such as Wal-Mart Stores Inc., are making to reduce harmful greenhouse gas emissions.
April 24, 2017Kansas City Southern Profits Up Despite Mexican Peso Depreciation
Kansas City Southern reported profits rose 36% in the first quarter, although the gains were lowered to a 12% increase after applying the exchange rate between the Mexican peso and the U.S. dollar.
April 21, 2017