Volvo’s 1Q Profit Surges Fivefold
Volvo AB’s first-quarter operating profit surged almost fivefold as the company scaled back production to meet a cost-savings target for 2015.
April 25, 2014Dana’s Earnings Decline on Currency Charge; Sales Improve
Dana Holding Corp.’s first-quarter earnings declined as the company took a charge as a result of foreign currency devaluation.
April 25, 2014Saia’s 1Q Income Slips; Tonnage, Revenue Improve
Less-than-truckload carrier Saia Inc. reported its first-quarter income slipped from a year ago due to a tax gain last year, but its tonnage, revenue and operating income all rose.
April 25, 2014Swift Reports Lower First-Quarter Profit
Swift Transportation Co. reported its first-quarter net income fell 59% to $12.3 million, or 9 cents per share, as winter weather drove down profits.
April 25, 2014Intermodal Rail Traffic Rises 7.6% for Week
U.S. rail intermodal traffic increased 7.6% in the week ended April 19 compared with the same week last year, the Association of American Railroads reported.
April 25, 2014Echo Global Logistics’ 1Q Net Income Falls 18%; Revenue Improves
Echo Global Logistics’ first-quarter net income fell 18% to $2.4 million, or 10 cents per share, from $3 million, or 13 cents per share.
April 25, 2014Navistar to Boost 2H Production at Mexico Truck Plant
Navistar International Corp. plans to boost production rates in the second half of the year at its heavy-duty truck assembly plant in Escobedo, Mexico, and its bus assembly plant in Tulsa, Okla.
April 24, 2014Old Dominion Freight Line Posts Higher 1Q Profit, Revenue
Old Dominion Freight Line reported its first-quarter income increased 13.2% and said it posted record revenue for the period despite bad weather.
April 24, 2014Truck-Based Shipping Leads February Nafta Trade
Companies involved in international trade in the United States, Mexico and Canada put more of their volumes in trucks in February, the Department of Transportation reported April 24.
April 24, 2014UPS Reports Lower 1Q, Citing Bad Weather, Higher Expenses
UPS Inc. reported lower first-quarter income from a year ago, citing severe weather and higher expenses.
April 24, 2014