Swift Transportation Co. said net income slipped 19% to $40.2 million, hurt by weaker profit margins at its dedicated and refrigerated units.
July 25, 2014Search
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Senate Confirms Top DOT Nominees
The Senate on July 24 easily confirmed the nominations of two Transportation Department officials for senior positions.
July 31, 2014June Trailer Orders Jump 44%
New trailer orders jumped 44% in June from a year ago as high demand for new equipment continued into the summer, ACT Research reported.
July 23, 2014Norfolk Southern’s 2Q Profit Rises 21%
Norfolk Southern Corp. said its second-quarter profit increased 21% and revenue rose 9%.
July 23, 2014Canadian Railroads’ Second-Quarter Earnings Rise
Canada’s two major freight railroads reported higher second-quarter earnings from a year ago, recovering from challenging winter conditions last quarter.
July 23, 2014Forward Air's Net Income Rises 24%
Forward Air Corp. increased net income to $17.2 million, Inc., a 24% improvement, helped by primarily increased freight volume.
July 22, 2014Roadrunner Acquires Logistics Firm Integrated Services
Roadrunner Transportation Systems has acquired regional logistics firm Integrated Services for $13 million.
July 21, 2014Hub Group’s Second-Quarter Profit Rises
Hub Group Inc. said its second-quarter net income increased to $18.7 million, or 51 cents a share, from $18.6 million, or 50 cents, in the comparable period last year. Revenue rose 7% to $894 million.
July 18, 2014Intermodal Rail Traffic Rises 3.2% for Week
U.S. rail intermodal traffic increased 3.2% in the week ended July 12 compared with the same week last year, the Association of American Railroads reported.
July 18, 2014CSX Net Income Rises 1.5%
CSX Corp. reported second-quarter net income rose 1.5% to $529 million, or 53 cents per share, helped by revenue increases in the intermodal, chemicals and agricultural products freight.
July 15, 2014