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LTL Earnings Sag in 3Q; Carriers See Weaker Demand
Publicly traded less-than-truckload carriers generally posted lower earnings in the third quarter, with several fleets warning that freight volumes would get worse as the fourth quarter unfolds.
October 27, 2008View of Safety Technology Must Change Before Use Grows, Fleet Executives Say
NEW ORLEANS — Fleet executives said that despite the benefits of using safety technology, attitudes within the industry need to change in order to have wider acceptance.
October 22, 2008Arkansas Best’s 3Q Income Slips
Arkansas Best Corp.’s third-quarter net income fell to $15.4 million, or 61 cents a share, from $18.9 million, or 75 cents, a year ago.
October 22, 2008Rush Enterprises’ 3Q Earnings Fall
Truck dealership Rush Enterprises’ third-quarter net income fell to $8 million, or 21 cents a share, down from $13.1 million, or 34 cents, a year ago.
October 22, 2008Knight Reports Higher 3Q Earnings
Truckload carrier Knight Transportation’s third-quarter profit rose to $16.1 million, or 19 cents a share, from $14.5 million, or 17 cents, a year ago.
October 22, 2008Greatwide Logistics to be Acquired by Investor Group
Greatwide Logistics Services, a provider of non-asset-based transportation and third-party logistics services, said it will be acquired by a private investor group.
October 21, 2008CN's Quarterly Profit Improves
Canadian National Railway, Canada’s largest railroad, said its net income rose 14% to C$552 million in the third quarter, or C$1.16 a share, from C$485 million, or 96 cents, a year ago.
October 21, 2008C.H. Robinson Reports Higher 3Q Income
Transportation and third-party logistics firm C.H. Robinson Worldwide said its third-quarter profit rose to $93.6 million, or 54 cents a share, from $83.7 million, or 48 cents, a year ago.
October 21, 2008Opinion: Just What the Doctor Ordered
The Federal Motor Carrier Safety Administration soon will introduce a program that will list certified medical examiners on a national registry and require all interstate commercial truck drivers to obtain their medical certification from an approved examiner.
October 21, 2008Pennsylvania Approves Anti-Idling Law
Trucks in Pennsylvania will be prohibited from idling their engines for more than five minutes in a 60-minute period under a newly enacted state law.
October 20, 2008