Intermodal volume in the second quarter rose 8.2%, an indication the industry is recovering from a harsh winter and a contracted economy, according to the Intermodal Association of North America.
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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.
Expeditors’ Profit Dips in Second Quarter
Expeditors International of Washington’s second-quarter profit dipped 1%, but revenue increased.
August 5, 2014Weekly Intermodal Rail Traffic Rises 3.3% to More Than 260,000 Units
U.S. rail intermodal traffic increased 3.3% in the week ended July 26 compared with the same week last year, the Association of American Railroads reported.
August 1, 2014XPO Logistics Trims 2Q Loss, Plans Acquisition
XPO Logistics said it narrowed its second-quarter loss and announced an agreement to acquire New Breed Holding Co. for about $615 million.
July 29, 2014Schneider Expands Intermodal Service to Include Mexico, Canada
Schneider said it has expanded its bulk intermodal trailer service to include new routes into Mexico and Canada.
July 28, 2014TransForce to Acquire Contrans Group
TransForce Inc. said it will buy fellow Canadian carrier Contrans Group Inc. for about C$495 million.
July 25, 2014Trailer Orders Soar 43.9%; Strongest June in 15 Years
New trailer orders posted the strongest June in 15 years, ACT Research reported, showing further evidence the sector is poised for its strongest year in nearly a decade.
July 28, 2014Union Pacific Net Income Rises 17%
Union Pacific Corp.’s second-quarter net income rose 17% to $1.29 billion, or $1.43 per share, continuing a trend of profit growth reported by other railroads.
July 24, 2014Universal 2Q Income Slips to $13.6 Million
Universal Truckload Services Inc. reported second-quarter net income declined to $13.6 million, or 45 cents per share, compared with $14.2 million, or 47 cents per share, a year ago.
July 24, 2014Swift Transportation Net Dips 19%
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, 2014