Intermodal rail traffic grew 20.1% last week compared with a year ago, the Association of American Railroads said.
July 23, 2010Business
Horizon Lines Reports Profit in 2Q
Ocean shipper Horizon Lines earned a profit of $3.7 million, or 12 cents a share, in the second quarter, compared with a loss of $31.1 million, or $1.02, a year earlier.
July 23, 2010Business
Ryder Reports Higher 2Q Profit
Ryder System said Friday its second-quarter profit increased to $29.8 million, or 56 cents a share, from $22.9 million, or 41 cents, a year ago.
July 23, 2010Business
CN’s Profit Jumps 38% in 2Q
Canadian National Railway Co. said its second-quarter net income rose 21% to C$534 million, or C$1.13 per share, from C$387 million or 82 cents per share, a year earlier.
July 23, 2010Business
Iteris’ Income Jumps in Fiscal 1Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit jumped from a year ago.
July 23, 2010BusinessLogistics
Forward Air Reports Higher 2Q Income
Forward Air Corp. said late Thursday its second-quarter net income rose to $7.9 million, or 27 cents per share, from $2.8 million, or 10 cents, a year ago.
July 22, 2010Business
Volvo Reports 2Q Profit
Volvo AB Thursday reported second-quarter net income of about $430 million, compared with a loss of about $760 million a year ago when orders were low.
July 22, 2010Business
FedEx to Pay $3 Million to Massachusetts in Contractor Case Settlement
The Massachusetts attorney general’s office said FedEx Ground has agreed to pay the state $3 million to settle claims that FedEx allegedly misclassified its drivers as independent contractors.
July 22, 2010BusinessLogistics
Swift Files Registration for IPO
Swift Corp. said its wholly owned subsidiary Swift Holdings Corp. has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering.
July 22, 2010Business
UPS’ 2Q Income Jumps 71%
UPS Inc. said Thursday its second-quarter profit jumped 71% on stronger international shipments, and the company boosted its full-year earnings outlook.
July 22, 2010