Battle Over Rail System Expected to Be Fierce, When Current Authorization Expires in 2013
In March, when the Senate passed its transportation reauthorization bill by a wide margin, the measure addressed the nation’s total surface transportation system.
July 23, 2012Swift’s 2Q Profit Improves
Swift Transportation’s second-quarter profit rose on improved trucking pricing and expanded intermodal operations.
July 20, 2012Forward Air’s Second-Quarter Income Rises
Forward Air Corp.’s second-quarter net income rose to $14.2 million, or 48 cents a share, from $12 million, or 40 cents, a year ago.
July 20, 2012Hub Group’s Profit Rises on Stronger Logistics, Intermodal Operations
Hub Group Inc.’s second-quarter profit rose 18% as its intermodal and logistics operations improved.
July 20, 2012Existing Home Sales Drop in June
Existing home sales declined 5.4% in June, an eight month low, the National Association of Realtors said Thursday.
July 19, 2012Union Pacific’s 2Q Earnings Rise 28%
Union Pacific Corp. said Thursday its second-quarter profit rose 28% to $1 billion, or $2.10 a share, from $785 million, or $1.59, a year ago.
July 19, 2012CSX Reports Higher 2Q Income
CSX Corp.’s second-quarter earnings rose as growth in container-car shipments eased the effects of sliding coal volumes, Bloomberg reported.
July 18, 2012Kansas City Southern’s 2Q Profit Improves
Kansas City Southern’s second-quarter earnings rose to $120 million, or $1.09 a share, from $71 million, or 64 cents, a year ago.
July 17, 2012Ingram Micro Agrees to Purchase BrightPoint
Technology distributor Ingram Micro Inc. said it has agreed to purchase BrightPoint Inc., a provider of logistics services to the wireless industry, for about $840 million, the companies announced in a joint statement July 2.
July 16, 2012GE Capital Sells Last 27,000 U.S. Trailers from TIP Fleet to Trio of Companies
Investor Wood Creek Capital Management, along with Bowman Sales and Equipment Inc. and Milestone Trailer Leasing, last week bought 27,000 U.S.-based trailers from GE Capital, continuing the transformation of the highway leasing market.
July 16, 2012