Logistics

Norfolk Southern Profits Up 12%, Beat Analyst Estimates

Norfolk Southern Corp. announced that profits increased 12% in the first quarter as a result of strong rebounds in coal and intermodal business compared with early 2016.

Ari Ashe | Staff Reporter
April 26, 2017
Business

Old Dominion Profits Up 9.1%, Beat Analyst Estimates

Old Dominion Freight Line Inc. reported profits rose 9.1% in the first quarter, a positive start for the major less-than-truckload companies scheduled to report earnings by May 5.

Ari Ashe | Staff Reporter
April 26, 2017
Business, Logistics

Swift Suffers in First Quarter as Profits Plunge 84%

Swift Transportation reported profits plunged 84% in the first quarter compared with 2016 as truckload carriers suffered from continued excess capacity and lower contract prices than they had hoped for this year.

Ari Ashe | Staff Reporter
April 25, 2017
Business

Profits at Ryder Fall 32%, Miss Analyst Estimates by 2¢

Ryder System Inc. reported profits fell 32% in the first quarter compared with 2016 after a drop in demand to rent trucks and an overall weak used truck sales market continued into 2017.

Ari Ashe | Staff Reporter
April 25, 2017
Business

March Tonnage Up 0.7%

American Trucking Associations’ tonnage index rose 0.7% last month compared with March 2016, one of several figures pointing to a better market than a year ago but not as good as this February.

Ari Ashe | Staff Reporter
April 24, 2017
Business

Truckload Profits Lackluster as Quarterly Reports Begin

Marten Transport Ltd. posted a slight increase in quarterly profits, among the few major truckload carriers recently reporting results to record a gain as the earnings season gets underway.

Ari Ashe | Staff Reporter
April 24, 2017
Business, Logistics

Profits Up at CSX, Decline at CP in 1Q; Harrison Pushes for Rail Consolidation

Rail freight companies began the earnings season with mixed results as profits rose 1.7% at CSX Corp. but plunged 20% at Canadian Pacific Railway Ltd. in the first quarter compared with the same period a year ago.

Ari Ashe | Staff Reporter
April 24, 2017
Business

Heartland Profits Drop 2.3% but Beat Analyst Forecasts

Heartland Express Inc. reported profits fell 2.3% after a sharp decline in revenue due to the soft freight environment and poor weather in the western United States.

Ari Ashe | Staff Reporter
April 21, 2017
Government, Business, Logistics

Kansas City Southern Profits Up Despite Mexican Peso Depreciation

Kansas City Southern reported profits rose 36% in the first quarter, although the gains were lowered to a 12% increase after applying the exchange rate between the Mexican peso and the U.S. dollar.

Ari Ashe | Staff Reporter
April 21, 2017
Business

Truck Tonnage Hurt by Late Winter Storms in March

Truck tonnage rose 0.7% last month compared with March 2016, although the American Trucking Associations’ chief economist said that late winter storms hurt the index compared with this past February.

Ari Ashe | Staff Reporter
April 18, 2017