Safety
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
Hub Group Reports Higher 2Q Earnings
Third-party logistics company and freight broker Hub Group’s second-quarter net income rose to $15 million, or 40 cents a share, from $13.8 million, or 35 cents, a year ago.
July 24, 2008Union Pacific’s 2Q Profit Jumps 19%
Union Pacific Corp. said Thursday its second-quarter profit rose 19%, on higher demand for agricultural transportation.
July 24, 2008Knight Reports Lower 2Q Earnings
Truckload carrier Knight Transportation’s second-quarter profit fell to $12.7 million, or 15 cents a share, from $18.2 million, or 21 cents, a year ago.
July 24, 2008Senate Committee Approves Amendment Aimed at Halting Mexico Trucking Program
The Senate Appropriations Committee approved an amendment to the Department of Transportation’s fiscal 2009 budget aimed at halting the U.S.-Mexico trucking pilot program.
July 23, 2008Ryder Reports Mixed 2Q Earnings
Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.
July 23, 2008Letters to the Editor: Adding Truck Weight, Carrier Failures, Peters on Gas Tax
The EPA has mandated equipment on our trucks, which adds weight. Why not allow the carriers the chance to recoup the payload?
July 23, 2008Vitran Reports Lower 2Q Income
Vitran Corp. said Wednesday its second-quarter profit fell 16% to $4.6 million, or 34 cents a share, from $5.5 million, or 41 cents, a year earlier.
July 23, 2008C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide said its second-quarter profit rose to $90.4 million, or 52 cents a share, from $82.3 million, or 47 cents, a year ago.
July 22, 2008Caterpillar’s 2Q Income Jumps on International Demand
Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its second-quarter profit rose 34%, led by international demand.
July 22, 2008Canada’s Two Largest Railroads Report Lower Income
Canada’s two biggest freight railroads reported downturns in their second-quarter profits, Bloomberg reported.
July 22, 2008