Norfolk Southern’s 3Q Earnings Decline
Eastern freight railroad Norfolk Southern Corp. said Wednesday its third-quarter earnings fell 7% to $386 million or 97 cents a share, from $416 million or $1.02 a year ago.
October 24, 2007Hub Group Reports Higher 3Q Profit
Third-party logistics company and freight broker Hub Group’s third-quarter profit rose 23%, despite a drop in revenue and intermodal volume.
October 23, 2007General Freight to Use TMWSuite
Third-party logistics firm General Freight Systems said it will begin using the TMWSuite software platform as part of a companywide technology upgrade.
October 22, 2007Crude Oil Nears $90 a Barrel; Diesel Fuel Inches Up to $3.039
The national average retail price of diesel fuel rose 0.4 cent to $3.039 a gallon last week, the Department of Energy reported, and analysts were predicting additional increases as crude oil prices neared an un-precedented $90 a barrel.
October 21, 2007China Trucking Panel Set for MCE
Opportunities in trucking and logistics in China’s burgeoning economy will be the subject of a panel discussion at American Trucking Associations’ annual meeting in Orlando, Fla., next week.
October 19, 2007Union Pacific Reports Record 3Q Revenue
Union Pacific Corp. said Thursday its third-quarter earnings jumped 27% to $532 million or $2 a share, from $420 million or $1.54 a year ago.
October 18, 2007CSX’s Third-Quarter Income Rises
Eastern freight rail line CSX Corp.’s third-quarter earnings jumped 24% from a year earlier, the railroad said late Tuesday.
October 17, 2007Diesel Dips 1.3¢ to $3.035
The national average pump price of diesel fuel fell 1.3 cents to $3.035 a gallon, the Department of Energy said Tuesday.
October 10, 2007Ryder Completes Canadian Acquisition
Ryder System said Wednesday it completed its acquisition Pollock NationaLease, one of the largest privately owned commercial truck leasing and rental companies in Canada, as well as Pollock's logistics operations.
October 10, 2007CTA Calls for ‘Collaborative Strategy’ for SoCal Ports
The California Trucking Association said it is advocating a “collaborative strategy” with Southern California port officials to develop an alternative plan for trucks to meet emission goals.
October 9, 2007