Logistics
Business, Safety, Government, Logistics

TransForce’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.

Transport Topics
April 24, 2007
Business, Logistics

CN, BNSF Report Lower Profit

Railroads Canadian National and Burlington Northern Santa Fe Corp. reported their first-quarter profits declined, even as revenue rose.

Transport Topics
April 24, 2007
Business, Logistics

Hub Group’s Earnings Rise

Third-party logistics company and freight broker Hub Group said late Thursday its first-quarter profit rose 25% to $11.4 million or 29 cents a share, from $9.1 million or 22 cents a share a year ago.

Transport Topics
April 20, 2007
Business, Logistics

Union Pacific’s 1Q Profit Rises

Union Pacific Corp., the nation’s largest freight railroad, said Thursday its first-quarter profit rose 24% to $386 million or $1.41 per share, from $311 million or $1.15 last year.

Transport Topics
April 19, 2007
Business, Logistics

CSX’s 1Q Profit Dips; Revenue Hits Record

CSX Corp. late Tuesday reported that its first-quarter profit fell 2%, due to slower freight demand and a sluggish economy.

Transport Topics
April 18, 2007
Business, Logistics

CN Workers Begin Strike

Canadian National Railway Co.’s 2,800 union conductors and yard workers began rotating strikes Wednesday after rejecting a proposed one-year contract, Bloomberg reported.

Transport Topics
April 12, 2007
Business, Safety, Government, Logistics

Exec Downplays Rail Takeovers

Norfolk Southern Corp. Chief Executive Officer Charles “Wick” Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.

Transport Topics
April 12, 2007
Business, Logistics

3PL Revenue Tops $110 Billion

TT File Photo

U.S. third-party logistics gross revenues topped $110 billion for the first time last year, according to a report on the 3PL industry released this week.

Transport Topics
April 11, 2007
Business, Logistics, Autonomous

Justice OKs Trucking Survey

Larry Smith/Trans Pixs

The Justice Department said Tuesday it will not oppose a proposal by the National Association of Small Trucking Companies to conduct an operational and financial survey of small- and medium-sized trucking firms.

Transport Topics
April 10, 2007
Business, Safety, Government, Logistics

Pacer Sets Debt-Removal Plan

Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.

Transport Topics
April 9, 2007

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