Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007Search
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Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007March Trucking Index Gains
American Trucking Associations’ truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007Qualcomm’s Earnings Jump
Wireless-services provider Qualcomm Inc. reported its fiscal second-quarter profit jumped 22% to $726 million or 43 cents a share, from $593 million or 34 cents a year ago.
April 26, 2007Vitran’s 1Q Earnings Dip
Toronto-based transportation firm Vitran Corp. said its first-quarter profit was $3.4 million or 25 cents a share, down from $3.8 million or 28 cents a year ago.
April 26, 2007Forward Air’s Profit Dips
Forward Air Corp., a contractor to the air cargo industry, said its first-quarter profit slipped by 6% to $10.3 million or 34 cents a share, from $11 million or 35 cents a year ago.
April 24, 2007Truckers Concerned on New Engines’ Mileage, Journal Reports
Trucking companies are concerned that new emissions rules in effect this year are hurting mileage and their bottom lines, the Wall Street Journal reported Tuesday.
April 24, 2007TransForce’s Income Dips
Canadian transportation firm TransForce Income Fund said Tuesday it earned C$20.9 million or 24 cents a share in the first quarter, down from C$22.1 million or 27 cents a year earlier.
April 24, 2007C.H. Robinson’s Profit Improves
Transportation and logistics firm C.H. Robinson Worldwide said its first-quarter net income jumped 25.6% to $73 million or 42 cents a share, up from $58.1 million or 33 cents a year ago.
April 24, 2007