Safeway Profit Inches Up

Grocery store chain Safeway Inc. said its second-quarter profit inched up 1.8% to $238.6 million, or 57 cents a share, from $234.3 million, or 53 cents, last year.

Revenue fell 6.5% to $9.5 billion, the company said in a statement Thursday.

Safeway ranks No. 26 on the Transport Topics Private 100 listing of the largest U.S. and Canadian private carriers.