Truck dealership Rush Enterprises’ second-quarter earnings dipped to $13 million or 51 cents a share, from $14.9 million or 59 cents a year earlier.
July 19, 2007Search
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Con-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, 2007Vitran’s Profit Dips in Second Quarter
Vitran Corp. said Thursday its second-quarter profit was $5.5 million or 41 cents a share, down from $5.8 million or 45 cents a year ago.
July 19, 2007Union Pacific’s 2Q Earnings Jump
Freight railroad Union Pacific Corp.’s second-quarter earnings jumped 14% to $446 million or $1.65 a share, from $390 million or $1.44 a year ago.
July 19, 2007Deal Reached on N.Y.C. Traffic Fees
New York state leaders reached agreement Thursday with New York City on a plan to put “congestion fees” on cars and trucks operating in the center of Manhattan, the Associated Press reported.
July 19, 2007Landstar’s 2Q Profit Rises
Truckload carrier Landstar System said Thursday its second-quarter net income rose to $29.7 million or 53 cents a share, from $29.5 million or 50 cents a year ago.
July 19, 2007