Ryder System said Wednesday its first-quarter profit rose 9% to $56.1 million, or 96 cents per share, from $51.3 million, or 84 cents, a year earlier.
April 23, 2008Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Celadon’s Third-Quarter Earnings Plunge
Truckload carrier Celadon Group’s fiscal third-quarter net income fell to $149,000, or 1 cent per share, compared with $3.9 million, or 17 cents, a year ago.
April 23, 2008Oil Dips from Record, Closing Just Over $118 a Barrel
Crude oil prices fell for the first time in four days Wednesday, a day after setting a closing-price record of more than $119 a barrel, Bloomberg reported.
April 23, 2008Ryder Reports 1Q Income Gain, Boosts Outlook
Letters to the Editor: Fuel Prices, Sleep Apnea
I am interested in the feedback on fuel prices displayed in “Letters to the Editor.” Unfortunately, most of the letters did not focus on two salient facts affecting the price of oil. The first is the dismal exchange rate of the U.S. dollar versus the euro, and the second is world demand for petroleum products.
April 23, 2008UPS’ First-Quarter Profit Rises
UPS Inc. said Wednesday its first-quarter net income rose to $906 million, or 87 cents per share, from $843 million, or 78 cents, a year ago.
April 23, 2008TWIC Enrollment Continues at Ports
The federal government’s Transportation Workers Identification Credential enrollment began Wednesday at three U.S. ports: Chattanooga, Tenn.; LaPorte, Texas; and Portsmouth, N.H.
April 23, 2008FedEx Sets International Express Service with Canada Post
Canada Post Corp. and FedEx Express Canada have developed a new priority worldwide international express service, the two said Wednesday.
April 23, 2008Arkansas Best’s 1Q Income Jumps
Arkansas Best Corp.’s first-quarter profit jumped 78% to $8.5 million, or 34 cents a share, from $4.8 million, or 19 cents, a year earlier.
April 23, 2008N.H. Senate Passes Measure Offering 5% Weight Tolerance
The New Hampshire Senate passed a bill that would require law enforcement to provide a 5% overweight “tolerance” for most trucks on non-interstate roads.
April 23, 2008Norfolk Southern’s 1Q Income Rises
Eastern freight railroad Norfolk Southern Corp. said its first-quarter profit rose 2%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.
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