Union Pacific鈥檚 profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation.
April 27, 2017BusinessGovernmentLogistics
American Consumers' Economic Expectations Strongest Since 2001
Consumer confidence rebounded last week as Americans became the most upbeat about the economy since 2001, the Bloomberg Consumer Comfort Index figures showed April 27.
April 27, 2017BusinessLogistics
Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group
Sandwiched between 鈥渟oft pricing鈥 and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased.
April 26, 2017BusinessLogistics
Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air
Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.
April 26, 2017Logistics
Norfolk Southern Profits Up 12%, Beat Analyst Estimates
Norfolk Southern Corp. announced that profits increased 12% in the first quarter as a result of strong rebounds in coal and intermodal business compared with early 2016.
April 26, 2017GovernmentLogistics
Ed Hamberger of AAR on Infrastructure, Trucking Relationship
Ed Hamberger, CEO of Association of American Railroads, talks with TT's Eugene Mulero about his industry's interest in improving infrastructure and funding plans for it, as well as the relationship between the freight rail and trucking industries.
April 26, 2017BusinessLogistics
Swift Suffers in First Quarter as Profits Plunge 84%
Swift Transportation reported profits plunged 84% in the first quarter compared with 2016 as truckload carriers suffered from continued excess capacity and lower contract prices than they had hoped for this year.
April 25, 2017BusinessSafetyTechnologyGovernmentEquipmentLogistics
Platinum Equity to Buy American Traffic Solutions
Platinum Equity has agreed to buy American Traffic Solutions, a company that provides red-light and speed safety cameras along with automated toll-payment and violation-management systems in the United States and Canada.
April 24, 2017BusinessLogistics
Mack, SAF Holland Roll Out Extra-Heavy-Duty Options
MONTREAL聽鈥 Equipment manufacturers Mack Trucks and SAF Holland rolled out extra-heavy-duty options here at the ExpoCam truck show, while an executive with trailer maker Manac Inc. pointed out that his customers often have to heat their dry vans.
April 24, 2017EditorialBusinessFuelAutonomousGovernmentLogistics
Editorial: Saving the Planet? It鈥檚 on Us
While President Donald Trump is calling for reversals of some environmental regulations, it鈥檚 important to note what isn鈥檛 changing. And that is the commitment that freight carriers, truck makers and even some shippers, such as Wal-Mart Stores Inc., are making to reduce harmful greenhouse gas emissions.
April 24, 2017