Truckload carrier J.B. Hunt Transport Services said late Tuesday its fourth-quarter profit declined to $54.3 million, or 42 cents a share, from $57.8 million, or 39 cents, a year ago.
January 29, 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.
N.C. Court Rules for Trucking Company in Dispute Over Weight Limit Fines
A judge in North Carolina recently ruled in favor of a trucking company that sued the state for what it said were excessive fines assessed for minor weight limit permit violations.
January 30, 2008Letters to the Editor: HOS, Roundabouts, Infrastructure Panel
If there ever was a segment of the transportation industry that needed an overhaul, it’s trucking.
January 30, 2008Saia’s Fourth-Quarter Income Declines
Saia Inc. said Wednesday its fourth-quarter net income fell 62% from a year ago to $2 million, or 15 cents a share, from $5.2 million, or 35 cents, a year ago.
January 30, 2008C.H. Robinson’s 4Q Profit Improves
Transportation and logistics firm C.H. Robinson Worldwide’s fourth-quarter profit rose to $85.3 million, or 49 cents a share, from $71.8 million, or 41 cents, a year ago.
January 29, 2008Teamsters Withdraw from FedEx Election in Mass., Company Says
The Teamsters union has voluntarily canceled an organizing election scheduled for Friday at the FedEx °®¶¹´«Ã½ Delivery facility in Worcester, Mass., the company said.
January 29, 2008Oberstar Criticizes NTSB on I-35W Bridge
Rep. James Oberstar (D-Minn.), chairman of the House Transportation and Infrastructure Committee, last week criticized the chairman of the National Transportation Safety Board for suggesting a design flaw was a key factor in the Interstate 35W bridge collapse in Minneapolis.
January 29, 2008Marten’s Fourth-Quarter Income Declines
Refrigerated truckload carrier Marten Transport’s fourth-quarter net income fell to $3 million, or 14 cents a share, from $5.2 million, or 24 cents a year ago.
January 29, 2008ArvinMeritor Reports 1Q Loss
Trucking components maker ArvinMeritor Inc. Tuesday reported a $12 million, or 17 cents a share for its fiscal first quarter, compared with a profit of $7 million, or 10 cents a share, in the previous first quarter.
January 29, 2008Con-way’s Fourth-Quarter Income Declines
Con-way Inc. said late Monday its fourth-quarter net income fell to $34.5 million, or 73 cents a share, from $82.4 million, or $1.66 per share, a year earlier.
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