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Goodyear's 2Q Earnings Rise; Revenue Sets Record
Goodyear Tire & Rubber Co. said late Thursday its second-quarter earnings doubled to $69 million or 34 cents a share, from $30 million or 17 cents a year earlier.
August 5, 2005
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Rail Freight Increases; Intermodal Continues to Surge
Overall rail freight traffic rose 1.3% for the week ended July 30 compared with the same week last year, and intermodal volume continued to increase at a greater rate, the Association of American Railroads said.
August 5, 2005Cooper Tire Takes 2Q Loss on Costs, Strike Impacts
Cooper Tire & Rubber Co. reported a second-quarter loss of $6.9 million or 11 cents a share, compared with a profit of $34 million or 45 cents a year earlier.
August 5, 2005Wabash to Sell 3,000 Trailers to Prime Inc.
Wabash National Corp. said it would sell 3,000 trailers to refrigerated carrier Prime Inc. over the next three years.
August 5, 2005Crude Oil Closes Above $62 a Barrel For First Time
Click here to write a Letter to the Editor. rude oil closed above $62 a barrel for the first time Friday, setting the third closing-price record this week, Bloomberg reported.
August 5, 2005UPS Completes $1.25 Bln. Overnite Corp. Acquisition
UPS Inc. said Friday it completed its $1.25 billion acquisition of Overnite Corp.
August 5, 2005Editorial: Ranking the Fleets, For-Hire and Private
Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>If there’s one common thread running through the stories of the most successful carriers of 2004 — as detailed in the Transport Topics 100 rankings of for-hire and private carriers in this issue and the last — it’s the ability to innovate in order to adapt to changing market conditions.
August 5, 2005Trailer Bridge Reports Improved 2Q Profit
Trailer Bridge Inc., a provider of integrated trucking, intermodal and marine freight services, reported second-quarter net income Thursday of $2.5 million or 20 cents a share, compared with $528,000 or 4 cents a year earlier.
August 4, 2005Initial Jobless Claims Fall By 1,000
The number of U.S. workers filing for initial unemployment benefits fell by 1,000 to 312,000 for the week ended July 30, the Labor Department reported Thursday.
August 4, 2005Refinery Upgrades Not Adding Capacity, Journal Reports
Click here to write a Letter to the Editor. ith oil at record prices, U.S. refiners are upgrading their facilities but are not adding more capacity, and the upgrades will not necessarily lead to retail fuel price reductions, the Wall Street Journal reported Thursday.
August 4, 2005