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Fed's 'Beige Book' Cites Continued Strong Economic Activity
The U.S. economy has continued to grow in recent weeks, supported by gains in manufacturing, housing and services such including trucking, the Federal Reserve said July 27 in its regional survey.
July 27, 2005TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Forward Air Corp.'s 2Q Earnings Improve
Forward Air Corp., a contractor to the air cargo industry, said late Tuesday its second-quarter net income rose 41% to $12 million or 37 cents a share, compared with $8.5 million or 26 cents last year.
July 27, 2005Patriot Reports Lower Earnings for Its Third Quarter
Patriot Transportation Holding said late Tuesday that its third fiscal quarter earnings for the period ended June 30 were $2.1 million or 69 cents a share, compared with $10.9 million or $3.68 a year earlier.
July 27, 2005C.H. Robinson’s Income, Revenue Rise in Second Quarter
Logistics provider C.H. Robinson Worldwide said late Tuesday its net income for the second quarter increased almost 53% to $49.3 million or 57 cents a share, up from $32.3 million or 37 cents a year earlier.
July 27, 2005ATA Reports June Truck Tonnage Index Fell 0.2%
Click here to write a Letter to the Editor. verall for-hire trucking freight volumes fell 0.2% in June on a seasonally adjusted basis, American Trucking Associations said Tuesday.
July 27, 2005Norfolk Southern Reports Record 2Q Earnings, Revenue
Eastern freight railroad Norfolk Southern Corp. reported Wednesday that it earned a record $424 million or $1.04 a share in the second quarter, compared with $213 million or 54 cents a year earlier.
July 27, 2005CSX Reports Higher Second-Quarter Earnings
Click here to write a Letter to the Editor. astern freight railroad CSX Corp. reported Wednesday that its second-quarter income rose to $165 million or 73 cents a share, from $119 million or 53 cents a year earlier.
July 27, 2005Retail Diesel Price Drops a Nickel to $2.342
The average retail price of diesel fuel fell for a second straight week, dropping 5 cents to $2.342 a gallon, the Department of Energy said Monday.
July 26, 2005Transport Corp. of America’s 2Q Profit Drops
Truckload carrier Transport Corp. of America said Tuesday its second-quarter earnings fell to $514,000 or 8 cents a share, down from $795,000 or 12 cents a year earlier.
July 26, 2005Consumer Confidence Index Falls in July
The Conference Board said Tuesday its index of U.S. consumer confidence fell unexpectedly in July to a 103.2 reading, from June’s 106.2, as gasoline prices surged to a record.
July 26, 2005