Universal Logistics Holdings Reports Revenue Record for 2Q
Universal Logistics Holdings Inc., a Warren, Mich., truckload carrier, said the company set a record for total operating revenue in the second quarter, reaching $366 million compared with $305 million in 2017.
July 27, 2018New CNG Station Opens in Central Virginia
American Natural Gas announced it opened a fast-fill compressed natural gas station in Lynchburg, Va. The facility will primarily serve CNG tractor-trailers operated from a nearby plant of PepsiCo Inc.’s Frito-Lay division, but it will also be open to the public.
July 27, 2018Forward Air Reports Strong 2Q Earnings
Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.
July 26, 2018Controversial $10 Million Toll Study Approved in Connecticut
Connecticut’s State Bond Commission recently approved a $10 million study to assess the feasibility of tolling on certain routes in the state.
July 26, 2018Landstar Profit Jumps on Record Revenue
Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.
July 26, 2018UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions
UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.
July 26, 2018Covenant Profits Jump on 20% Revenue Rise
Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.
July 26, 2018UPS Reports Steady 2Q Income, Revenue
UPS Inc. reported solid second-quarter growth in revenue and profits despite charges taken for its voluntary retirement plan and efforts to upgrade the firm.
July 25, 2018Tank/Bulk Carriers See Gains and Losses
Carriers in the tank/bulk sector posted modest gains in revenue as firms dealt with positive and negative market trends. Higher prices slowed demand for fuel shipments, while increases in oil and gas drilling and production of petrochemicals boosted demand for tankers.
July 23, 2018Heartland Profits Jump 22% in 2Q as Revenue Rises
Heartland Express reported second-quarter net income of $17.8 million, or 22 cents per share, a 22% increase from $14.6 million, or 18 cents, recorded in the second quarter of 2017.
July 19, 2018