Business

Canadian firm Contrans Income Fund’s second-quarter income dropped to C$1.5 million or 5 cents a unit, from C$10.3 million or 36 cents a year ago.

Berkshire Hathaway, the firm owned by billionaire Warren Buffett, has increased its stake in Burlington Northern Santa Fe Corp., the second largest U.S. railroad, Bloomberg News reported.

Canadian transportation firm TransForce Income Fund said late Wednesday it earned C$26.3 million or 31 cents a share in the first quarter, down from C$34.9 million or 40 cents a year earlier.

The head of auto parts supplier ArvinMeritor said the company is seeing more interest in its heavy-duty truck components, a signal that truck demand couldrise  toward the end of the year, Bloomberg News reported.

Canadian transportation firm Mullen Group Income Fund said its second-quarter profit plunged 57.3% to C$16.6 million or 21 cents a share, from C$38.9 million or 64 cents a year earlier.

Transportation and third-party logistics firm Pacer International on Wednesday said its second-quarter net income fell 13.8% to $12.5 million or 34 cents a share, from $14.5 million or 38 cents a year ago.

Air cargo company Atlas Air Worldwide Holdings said Wednesday it earned $43.2 million or $2.01 a share in the second quarter, up from $10.7 million or 51 cents a year ago.

Bankrupt auto parts supplier Delphi Corp., Troy, Mich., said its net loss in the second-quarter narrowed to $821 million or $1.46 a share, from $2.3 billion or $4.05 a share in 2006.

Bankrupt auto parts supplier Delphi Corp., Troy, Mich., said it net loss in the second-quarter narrowed to $821 million or $1.46 a share, from $2.3 billion or $4.05 a share in 2006.