Business

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

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

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

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

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

Norfolk Southern Profits Surge 23%, Completing Red-Hot Second-Quarter Rail Results

Norfolk Southern Corp. completed a red-hot second quarter for rail freight carriers, posting a 23% increase in profits and a 15% increase in operating income reversing a lackluster year in 2016.

Ari Ashe | Staff Reporter
July 26, 2017
Business

Covenant Profits Plunge 58% in Second Quarter, Still Beat Low Analyst Forecast

Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.

Ari Ashe | Staff Reporter
July 25, 2017
Business

Werner Enterprises Profits Jump 27% on Strong Truckload Performance

Werner Enterprises Inc. scored a rare win for the truckload industry as profits increased 27% in the second quarter, easily surpassing the growth in the consensus forecast of industry analysts.

Ari Ashe | Staff Reporter
July 24, 2017
Business

Kansas City Southern Profits Up Nearly 12%, Continuing Streak of Wins for Rail

Kansas City Southern continued the red-hot results from railroad freight carriers in the second quarter, with its profit growing 11.9%, slightly beating the consensus analyst forecast.

Ari Ashe | Staff Reporter
July 21, 2017
Business, Logistics

J.B. Hunt Purchases Special Logistics for $136 Million; Deal to Boost Final-Mile Deliveries

J.B. Hunt Transport Services Inc. announced it will acquire Houston-based Special Logistics Dedicated for $136 million.

Ari Ashe | Staff Reporter
July 21, 2017
Business

Marten Bucks the Trend With a 7.2% Increase in Profits, Beats Forecast

Marten Transport announced that profits rose 7.2% in the second quarter, easily beating the forecast from industry analysts and shifting the momentum after J.B. Hunt Transport Services’ disappointing results on July 17.

Ari Ashe | Staff Reporter
July 20, 2017
Business

Truck Drivers in New York Ratify Contract With United Natural Foods

Truck drivers in Montgomery, N.Y., voted to ratify a collective bargaining agreement with private carrier United Natural Foods Inc., the first contract since they joined the International Brotherhood of Teamsters in 2016.

Ari Ashe | Staff Reporter
July 20, 2017