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Covenant Transport Reports 1Q Loss on 'Soft Demand'
Covenant Transport Inc. said late Thursday it lost $650,000 or 4 cents a share in the first quarter, compared with net income of $721,000 or 5 cents a year earlier.
April 21, 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..
J.B. Hunt Sets Stock Split; Will Buy Back Up to $500 Mln. in Shares
J.B. Hunt Transport Services Inc. announced a two-for-one stock split Thursday, to be effective May 23, and said it would buy back as much as $500 million in shares.
April 21, 2005Qualcomm Reports Earnings, Shipments For Its 2Q
Wireless-services provider Qualcomm Inc. reported net income for its second quarter ended March 27 rose to $532 million or 31 cents a share, from $488 million or 29 cents a year earlier.
April 21, 2005Philadelphia Manufacturing Index Rises to 25.3
Manufacturing in the Philadelphia area rose to 25.3, a Federal Reserve report said Thursday. Orders and shipments also accelerated.
April 21, 2005Fords 1Q Profit Drops; Automaker Plans Production Cuts
Ford Motor Co. reported its first-quarter earnings fell 38.5% to $1.2 billion or 60 cents a share, compared with $1.95 billion or 94 cents for the same period last year.
April 20, 2005Caterpillar Reports Higher Earnings on Increased Engine Sales
Heavy equipment and engine maker Caterpillar Inc. said its first-quarter income rose to $581 million or $1.63 a share, from $420 million or $1.19 a year earlier.
April 20, 2005Danas Earnings Drop 72%; Company Cites High Steel Prices
Heavy-duty component supplier Dana Corp. said Wednesday it earned $18 million or 12 cents a share in the first quarter, down 72% from last years $65 million or 43 cents a share.
April 20, 2005Consumer Price Index Rises 0.6% in March
Prices paid by consumers rose 0.6% in March, with the so-called core consumer price index, which excludes food and energy, rising 0.4%, the Labor Department reported Wednesday.
April 20, 2005XRG Names New Chief Executive Officer
Truckload and logistics firm XRG Inc. said Wednesday its board appointed Richard Francis the companys new chief executive officer, effective immediately.
April 20, 2005NHTSA Again Delays Truck-Braking Rule
The National Highway Traffic Safety Administration has again postponed its revised heavy-duty truck stopping-distance rule, saying it needed to spend more time on a cost-benefit analysis of the proposal.
April 20, 2005