Celadon Group’s Profit Falls 20% on Weather
Celadon Group Inc. reported its fiscal third-quarter net income declined 20% as severe winter weather raised operating costs faster than revenue increased.
April 30, 2014Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
USA Truck’s 1Q Loss Narrows
USA Truck Inc.’s first-quarter loss narrowed to $1.6 million, or 15 cents per share, from $2.5 million, or 24 cents, as harsh winter weather increased operating expenses.
April 30, 2014Chicago-Area Manufacturing Grows at Fastest Pace Since October
Business activity in the Chicago area expanded in April at the fastest pace since October, a sign manufacturing will keep supporting the world’s largest economy.
April 30, 2014Obama Wants Tolling Ban Eliminated For Existing Interstate Highways
President Obama has proposed lifting the ban on tolling existing interstate highways.
April 30, 2014Covenant Transportation’s 1Q Loss Narrows
Covenant Transportation Group narrowed its first-quarter to loss to $1.4 million, or 9 cents per share, from $2 million, or 13 cents, a year ago.
April 30, 2014Wex’s First-Quarter Profit Rises
Fleet payment-processing company Wex Inc. said its first-quarter profit increased on growth in the domestic fleet market.
April 30, 2014Interstate 10 at Alabama-Florida Border Shut Down After Heavy Rain
Interstate 10 was closed for several hours at the Alabama-Florida state line after the Florida Panhandle and Alabama Gulf Coast were hit with widespread flooding early Wednesday, the Associated Press reported.
April 30, 2014Volkswagen Extends Scania Offer Deadline After Failing to Win 90%
Volkswagen AG extended the offer period for its $9.2 billion bid to buy out Swedish truck maker Scania AB after failing to reach the necessary 90% threshold of approvals.
April 30, 2014C.H. Robinson’s Net Income Dips 9.8%
C.H. Robinson Worldwide Inc., based in Eden Prairie, Minnesota, said net income in the first quarter fell 9.8% to $93.2 million, or 63 cents per share, from $103.3 million, or 64 cents per share, as profit margins came under pressure.
April 30, 2014Kraft to Phase Out Truck Fleet
Kraft Foods Group will phase out its fleet of 200 tractors and 700 trailers by the end of 2014, a company spokeswoman said.
April 29, 2014