Truckload carrier Heartland Express said its second-quarter profit declined 20% to $19.8 million or 20 cents a share, from $24.8 million or 25 cents a year ago.
July 20, 2007Search
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Caterpillar’s 2Q Earnings Fall; Revenue Hits Record
Heavy equipment and diesel engine manufacturer Caterpillar Inc. said Friday its second-quarter profit plunged 21%, though sales reached a record.
July 20, 2007Hub Group’s Profit Gains; Company Boosts Outlook
Intermodal company and freight broker Hub Group said its second-quarter profit rose 10% and the company boosted its 2007 earnings forecast.
July 20, 2007USA Truck Reports Lower 2Q Earnings
Truckload carrier USA Truck reported its second-quarter profit fell 63% on lower freight demand, declining to $1.6 million or 15 cents a share, from $4.4 million or 38 cents a year ago.
July 20, 2007Diesel Price Rises 4¢ to $2.889
The average U.S. retail price for diesel fuel reached its highest level since September last week after rising 4 cents to $2.889 a gallon, the Department of Energy reported.
July 23, 2007Con-way to Purchase CFI
Less-than-truckload carrier Con-way Inc. launched a major foray into the truckload sector by reaching an agreement last week to buy Contract Freighters Inc. for $750 million in cash.
July 23, 2007June Truck Sales Plunge 57.9%
Class 8 June truck sales plummeted by 57.9% from a year ago to the lowest level since March 2003, when the last sales bust after a regulation-induced pre-buy was ending.
July 23, 2007TT 100: Private Equity Alters For-Hire Trucking Landscape
Trucking attracted significant new investment from private equity firms, and many of the top for-hire carriers responded to changing business conditions by moving into new markets, both here and abroad, according to the 2007 edition of the Transport Topics 100.
July 23, 2007Leading Economic Indicators Fall
An index of leading economic indicators fell 0.3% in June, the New York-based Conference Board said Thursday.
July 19, 2007Jobless Claims Decline for Week
Initial jobless claims fell by 8,000 last week to 301,000, the Labor Department said Thursday.
July 19, 2007