Union Pacific’s 1Q Earnings Jump 14%
Union Pacific Corp.’s first-quarter earnings jumped 14% to $1.1 billion, or $2.38 a share, the company reported April 17. Revenue rose 6.6% to $5.64 billion.
April 17, 2014CSX Reports 1Q Income Drops 14%
CSX Corp. reported its first-quarter net income fell 14% to $398 million, or 40 cents per share, as the rail industry began its first-quarter round of earnings reports on a lower note.
April 16, 2014Report Calls for Separate Emissions Rule for Heavy Trucks Powered by Natural Gas
Federal regulators should develop a separate standard for natural gas-powered vehicles when they finalize the second phase of the government’s emissions reduction and fuel-efficiency standards for medium- and heavy-duty trucks, according to a new report by the National Research Council of the National Academy of Sciences.
April 14, 2014Intermodal Rail Traffic Rises 12.6% For Week
U.S. rail intermodal traffic increased 12.6% in the week ended April 5 compared with the same week last year, the Association of American Railroads reported.
April 11, 2014Ceva Logistics Opens Foreign Trade Zone in Miami
Ceva Logistics said it has opened a Foreign Trade Zone warehouse in Miami, approved by the U.S. Customs and Border Protection.
April 9, 2014Swift Says Weather Will Affect 1Q Earnings
Swift Transportation Co. said it expects its first-quarter earnings to be 11 to 13 cents per share, lower than previously expected, due to severe weather.
April 8, 2014Intermodal Rail Traffic Rises 9.9% in March
Intermodal rail volume for March rose 9.9% compared with the same time last year, the Association of American Railroads reported.
April 4, 2014XPO Completes Pacer Acquisition
XPO Logistics Inc. said it completed the acquisition of Pacer International Inc., an intermodal and logistics management company, for $335 million in cash and stock.
April 1, 2014Descartes System Acquires Computer Management
Descartes Systems Group said it has acquired Computer Management USA, which provides security information filing services, for $6.6 million to broaden the buyer’s offerings.
April 1, 2014Feb. Trailer Orders Leap 67.6%; Total Is Largest Since Late 2012
February trailer orders leaped 67.6% from a year ago as fleets moved forward with equipment purchasing plans amid tightening capacity and higher freight demand, ACT Research reported.
March 31, 2014