Business
Business

Landstar Tops Second-Quarter Forecasts With Net Income, Revenue

Landstar in the desert Landstar System

Truckload carrier and logistics provider Landstar System produced broad-based improvement among its services and generated second-quarter increases in net income and revenue, topping the consensus estimate of analysts by 2 cents a share.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Business

Forward Air Reverses Second-Quarter Net Loss in 2016, Posts Nearly $20 Million in Profits

Forward Air Truck John Sommers II for Transport Topics

Forward Air Corp. recovered strongly after a $10 million loss one year ago, posting a profit of $19.6 million or 64 cents per share for the three-month period ending June 30.

Ari Ashe | Staff Reporter
July 26, 2017
Business, Technology, Equipment

Kenworth Assesses Ramifications of ELDs on Business

ELD PeopleNet

Kenworth Truck Co. looks at the potential effect of mandatory electronic logging devices on its business from the perspectives of truck production and valuation and fleet maintenance, company executives said.

Roger W. Gilroy | Staff Reporter
July 26, 2017
Business

Knight Transportation Profits Down 28%, Match Forecasts After Adjustments for Swift Merger

Knight and Swift trucks on the road John Sommers II for Transport Topics

Knight Transportation Inc. profits declined 28% in the second quarter, the latest in a series of unfavorable earnings reports from truckload carriers matching what was anticipated to be a tough first half of 2017.

Ari Ashe | Staff Reporter
July 26, 2017
Business, Logistics

XPO Hires Christopher Synek as President of North American Transportation Division

Chris Synek XPO Logistics

XPO Logistics has hired Christopher Synek as president of transportation in North America, running the brokerage, expedited trucking, intermodal marketing, drayage and global forwarding businesses.

Transport Topics
July 26, 2017
Business

Ryder Sets 2Q Revenue Record, Even as Net Income Slides 30%

Ryder rental gate JB Reed/Bloomberg News

Truck leasing and logistics company Ryder System brought in 5.25% more revenue, enough to set a second-quarter record, but poor used-truck pricing and higher expenses diminished earnings by 30.4%, year-over-year.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Business

Patriot Transportation Struggles To Remain Profitable as Earnings Decline Sharply

Patriot Transportation Holding Inc., a tank truck carrier, announced sharply declined profits due to a significant loss of business, plunging 67% for its fiscal third quarter.

Ari Ashe | Staff Reporter
July 26, 2017
Business, Technology, TCA

Drones, Artificial Intelligence Creep Into Road Construction

A drone inspects a bridge MNDOT

High above the Balfour interchange on State Route 4 in Brentwood, Calif., a drone buzzes, its sensors keeping a close watch on the volumes of earth being moved to make way for a new highway bypass.

Erin Baldassari | East Bay Times
July 26, 2017
Business, Equipment

Daimler Second-Quarter Revenue Increases, Profits Flat; Truck Unit Sputters

Daimler Trucks Guenter Schiffmann/Bloomberg News

Daimler AG reported higher revenue and flat profits during the second quarter, with a strong performance from its Mercedes-Benz car division but sputtering results from the global truck unit.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Government, Business, Logistics, TCA

Cargo Activity at Illinois Airport Jumps 39% as UPS, Amazon Flights Increase

Amazon Plane Chicago Rockford International Airport

More jobs and cash have landed at Chicago Rockford International Airport, where cargo volume is up nearly 40% for the first six months of the year compared with the first half of 2016.

Isaac Guerrero | Rockford (Ill.) Register Star
July 26, 2017

Pages