Transportation and third-party logistics firm Pacer International said it lost $7.3 million, or 21 cents per share, compared with a profit of $13.4 million, or 39 cents, a year earlier.
August 6, 2009Search
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Wabash Reduces 2Q Loss, Gets $35 Mln. in New Capital
Trailer maker Wabash National Corp. lost $17.9 million during the second quarter — an improvement of more than $10 million from the year’s first three months, when it lost $28.3 million — and announced the completion of a deal with a private equity firm that will give it $35 million in new capital.
August 10, 2009
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Wabash’s Second-Quarter Loss Widens
Trailer manufacturer Wabash National Corp. lost $17.9 million, or 59 cents a share, in the second quarter, compared with a loss of $3.2 million, or 11 cents, a year ago.
August 6, 2009Expeditors’ Second-Quarter Income Declines
Logistics firm Expeditors International of Washington said Tuesday its second-quarter net income fell 24% to $54.1 million, or 25 cents a share, from $71.3 million, or 32 cents, a year ago.
August 4, 2009Wabash Completes $35 Million Capital Infusion
Trailer maker Wabash National Corp. said it has completed a $35 million investment in the company by a private equity firm.
August 4, 2009Rule Won’t Require Overhaul of Braking Systems, Experts Say
The National Highway Traffic Safety Administration’s decision to cut the maximum allowed stopping distance for large trucks by 30% will increase truck buyers’ costs somewhat, but will not force a widespread shift to new technology such as air disc brakes, industry groups and manufacturers said.
August 3, 2009Canadian Pacific 2Q Income Grows on One-Time Charge
Canadian freight railroad Canadian Pacific’s second-quarter net income grew to C$157.3 ($145 million), or 93 Canadian cents a share, from $154.7 million ($142 million), or C$1 a share, a year ago.
July 30, 2009Kansas City Southern Profit Shrinks in 2Q
Kansas City Southern said Thursday it earned $6.7 million, 7 cents a share, in its second quarter, compared with $50.2 million, or 56 cents, a year ago.
July 30, 2009Norfolk Southern Profit Drops 45%
Norfolk Southern Corp. reported that their second-quarter profit fell 45% from a year ago.
July 29, 2009FedEx National LTL Names New President
FedEx Corp. said it has named Mike Moss as president of FedEx National LTL, the parcel carrier’s long-haul less-than-truckload unit.
July 27, 2009