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BNSF鈥檚 2Q Income Improves Despite Lower Volume
Burlington Northern Santa Fe Corp. said its second-quarter profit improved but its revenue fell on lower overall freight demand.
July 23, 2009TransForce Reports Lower 2Q Income
Canadian transportation firm TransForce Inc. said its second-quarter net income fell to C$18 million, or 21 cents a share, from C$19.3 million, or 22 cents, a year ago.
July 23, 2009Knight鈥檚 2Q Income Flat from a Year Ago
Truckload carrier Knight Transportation鈥檚 second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year鈥檚 $12.7 million, or 15 cents.
July 22, 2009C.H. Robinson鈥檚 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $92 million, or 54 cents a share, up slightly from $90 million, or 52 cents a share, a year ago.
July 21, 2009I-75 Near Detroit Expected to Reopen Monday
A two-mile stretch of Interstate 75 damaged by a fiery explosion last week is expected to reopen Monday, the Detroit Free Press reported.
July 20, 2009Navistar Finishes Field Tests On 2010 Engines After 18 Mos.
Navistar Inc. said it has completed 18 months of laboratory and field tests of its 鈥渁dvanced鈥 version of exhaust gas recirculation engine technology that will be used to meet 2010 federal emission requirements.
July 20, 200910% Cut in Truck Traffic Called 鈥楢lmost Ludicrous鈥
The idea of removing 10% of truck traffic from the nation鈥檚 highways by 2020 to reduce carbon emissions is 鈥渁lmost ludicrous,鈥 Ray Kuntz, former chairman of American Trucking Associations, told a Senate committee last week.
July 20, 2009YRC Deal With Teamsters Expected to Save $870 Million
YRC Worldwide鈥檚 latest cost-cutting agreement with the Teamsters is expected to save $870 million over 18 months and help the company regain its financial footing, analysts and company officials said.
July 20, 2009Maersk Chassis Fee Would Raise Costs, Truckers Warn
Drayage truckers blasted world鈥檚 largest ocean carrier Maersk Line鈥檚 plan to begin charging a chassis-use fee, saying it would raise costs and complicate operations.
July 20, 2009J.B. Hunt鈥檚 Profit Drops 52% in 2nd Quarter
J.B. Hunt Transport Services Inc. said its second-quarter profit fell 52%, hurt by mounting pressure on prices and weak demand, as the latest round of quarterly financial reports by public carriers began to roll in last week.
July 20, 2009