Union Pacific Profits Up 9.5%, Easily Beat Forecasts
Union Pacific’s profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation.
April 27, 2017Infographic: 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.
American Consumers' Economic Expectations Strongest Since 2001
Consumer confidence rebounded last week as Americans became the most upbeat about the economy since 2001, the Bloomberg Consumer Comfort Index figures showed April 27.
April 27, 2017Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group
Sandwiched between “soft pricing” and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased.
April 26, 2017Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air
Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.
April 26, 2017Norfolk Southern Profits Up 12%, Beat Analyst Estimates
Norfolk Southern Corp. announced that profits increased 12% in the first quarter as a result of strong rebounds in coal and intermodal business compared with early 2016.
April 26, 2017Ed Hamberger of AAR on Infrastructure, Trucking Relationship
Ed Hamberger, CEO of Association of American Railroads, talks with TT's Eugene Mulero about his industry's interest in improving infrastructure and funding plans for it, as well as the relationship between the freight rail and trucking industries.
April 26, 2017Swift Suffers in First Quarter as Profits Plunge 84%
Swift Transportation reported profits plunged 84% in the first quarter compared with 2016 as truckload carriers suffered from continued excess capacity and lower contract prices than they had hoped for this year.
April 25, 2017Platinum Equity to Buy American Traffic Solutions
Platinum Equity has agreed to buy American Traffic Solutions, a company that provides red-light and speed safety cameras along with automated toll-payment and violation-management systems in the United States and Canada.
April 24, 2017Mack, SAF Holland Roll Out Extra-Heavy-Duty Options
MONTREAL — Equipment manufacturers Mack Trucks and SAF Holland rolled out extra-heavy-duty options here at the ExpoCam truck show, while an executive with trailer maker Manac Inc. pointed out that his customers often have to heat their dry vans.
April 24, 2017Editorial: Saving the Planet? It’s on Us
While President Donald Trump is calling for reversals of some environmental regulations, it’s important to note what isn’t changing. And that is the commitment that freight carriers, truck makers and even some shippers, such as Wal-Mart Stores Inc., are making to reduce harmful greenhouse gas emissions.
April 24, 2017