XPO Loss Widens; Revenue Jumps
XPO Logistics Inc. reported a first-quarter loss that nearly doubled from the same period last year, as revenue rose at the company.
YRC Worldwide’s 1Q Loss Widens
YRC Worldwide Inc. said May 1 its first-quarter loss nearly tripled due to factors such as winter weather and claims costs.
Wabash National’s 1Q Earnings Rise 27%
Trailer maker Wabash National Corp. reported its first-quarter net income jumped 27% as demand for new trailers strengthened.
Stoughton Files Dumping Complaint Over Chinese Containers
U.S. equipment manufacturer Stoughton Trailers said it has filed an unfair trade petition that charges Chinese manufacturers of 53-foot domestic containers with dumping their equipment at unreasonably low prices in the U.S. market.
Heartland Express’ 1Q Net Income Falls 29%
Heartland Express’ first-quarter income fell 29% to $14.1 million, or 16 cents per share, as winter weather-related cost increases drove down profits.
March Truck Tonnage Index Rises 3.1%
Truck tonnage rose again in March, climbing 3.1% over the same month of 2013, despite residual weather troubles, American Trucking Associations said.
Warburg Pincus Agrees to Buy EFS
Private-equity firm Warburg Pincus announced an agreement to acquire Electronic Funds Source, which provides fuel card and other fleet-payment services.
CSX Reports 1Q Income Drops 14%
CSX Corp. reported its first-quarter net income fell 14% to $398 million, or 40 cents per share, as the rail industry began its first-quarter round of earnings reports on a lower note.
Autocar Recalls 4,100 Nat-Gas Trucks
Autocar is recalling 4,100 natural gas-powered trucks as the initial major recall of Cummins Westport ISL G and Cummins’ ISX 12 G is expanded.
TIA Issues Fraud Task Force Report
TUCSON, Ariz. — The Transportation Intermediaries Association said it has taken a step to reduce fraud and theft-related losses for brokers by issuing a task force report.