Swift Transportation Net Dips 19%
Swift Transportation Co. said net income slipped 19% to $40.2 million, hurt by weaker profit margins at its dedicated and refrigerated units.
July 25, 2014Intermodal Rail Traffic Rises 5.6% for Week
U.S. rail intermodal traffic increased 5.6% in the week ended July 19 compared with the same week last year, the Association of American Railroads reported.
July 25, 2014Orders for U.S. Capital Goods Rose After Revised May Drop
Orders for U.S. business equipment rose in June following a revised drop the prior month, indicating corporate investment remains stop-and-go and could hold back economic growth.
July 25, 2014Universal 2Q Income Slips to $13.6 Million
Universal Truckload Services Inc. reported second-quarter net income declined to $13.6 million, or 45 cents per share, compared with $14.2 million, or 47 cents per share, a year ago.
July 24, 2014Nancy Bailey, Longtime Editor At Transport Topics, Dies at 68
Nancy Coe Bailey, a longtime editor for Transport Topics Publishing Group, died July 4 after an extended illness. She was 68.
July 24, 2014Echo Reports Higher Second-Quarter Income
Echo Global Logistics’ first-quarter net income rose 2.9% to $4.2 million, or 18 cents per share, from $4.1 million, or 18 cents per share.
July 24, 2014Feds Propose to Phase Out Older Rail Tank Cars
The federal government proposed to phase out older tank cars and lower speed limits for some oil trains in an effort to mitigate transportation risks posed by the nation’s energy boom.
July 24, 2014US-Nafta Trade Up 5.4% in May
U.S.-Nafta trade in May increased 5.4% over the same period a year ago, aided by continued reliance on trucking, according to TransBorder Freight Data released today by the U.S. Department of Transportation.
July 24, 2014Senate Panel to Examine Truck Safety July 29
Safety concerns stemming from several recent truck accidents have prompted Senate transportation leaders to schedule a hearing July 29 to press regulators about their initiatives for improving highway safety.
July 24, 2014Covenant’s Net Income Rises to $3.8 Million
Covenant Transportation Group reported its second-quarter net income doubled to $3.8 million, or 25 cents per share, from $1.9 million, or 13 cents, a year ago.
July 24, 2014