Meritor Names Bowes Trucking Chief; Tightens 3Q Earnings, Revenue Forecast
Trucking components maker Meritor Inc. Thursday named Tim Bowes head of its commercial truck unit and said that Carsten Reinhardt, formerly its chief operating officer, has left the company.
July 21, 2011Landstar’s 2Q Profit Improves
Landstar System said Thursday its second-quarter net income rose to $29.6 million, or 62 cents a share, from $24.4 million, or 49 cents, a year ago.
July 21, 2011USA Truck’s Second-Quarter Profit Declines
USA Truck reported a second-quarter profit of $600,000, or 6 cents per share, compared with earnings of $900,000, or 9 cents, a year ago.
July 21, 2011Leading Indicators Rise in June
An index of leading economic indicators rose in June, but at a slower pace than May, the New York-based Conference Board said Thursday.
July 21, 2011Philadelphia Manufacturing Index Rebounds
Manufacturing activity in the Philadelphia region increased in July, the Federal Reserve Bank of Philadelphia said Thursday.
July 21, 2011Initial Jobless Claims Rise 10,000 for Week
Initial jobless claims increased by 10,000 to 418,000 last week, the Labor Department said Thursday.
July 21, 2011Union Pacific’s 2Q Income Rises 10%
Freight rail line Union Pacific Corp. said Thursday its second-quarter profit rose 10% from a year ago on higher volume despite severe flooding in the Midwest.
July 21, 2011Werner’s Second-Quarter Earnings Rise 31%
Werner Enterprises’ second-quarter earnings jumped 31% despite sluggish freight demand in the first two months of the quarter, the truckload carrier said Wednesday.
July 20, 2011Forward Air’s 2Q Income Jumps
Forward Air Corp. said late Wednesday its second-quarter profit jumped to $12 million, or 40 cents a share, from $7.9 million, or 27 cents, a year ago.
July 20, 2011Dynamex CEO James Welch Leaving Company
James Welch, CEO of parcel carrier Dynamex Inc., has left the firm, parent company TransForce Inc. said in a statement.
July 20, 2011