Universal Truckload Services Inc.’s third-quarter earnings slipped to $13.1 million, or 44 cents per share, from $13.7 million, or 46 cents, a year ago.
October 24, 2014Search
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Union Pacific’s Income Rises to $1.37 Billion
Union Pacific Corp.’s third-quarter net income rose to $1.37 billion, or $1.53 per share, from $1.15 billion, or $1.24, during the same time last year.
October 23, 2014Intermodal Rail Traffic Rises 5.4% This Year
For the first 42 weeks, U.S. intermodal volume has increased 5.4% from the same period last year, to 10.9 million units, the Association of American Railroads reported.
October 24, 2014Kansas City Southern’s Third-Quarter Income Rises
Kansas City Southern’s third-quarter net income rose to $138 million, or $1.25 a share, from $119 million, or $1.07, a year ago.
October 21, 2014Guardrail Maker Defrauded US of $175 Million and Created Hazard, Jury Says
Secret changes by Trinity Industries Inc. to its guardrail systems were found by a jury to have cheated the U.S. government, exposing the company to $1 billion in liability and sending shares plummeting as states question the safety of the product.
October 21, 2014Canadian Pacific Confirms End of Merger Talks With CSX
Canadian Pacific Railway Ltd. said talks about a possible merger with CSX Corp. have ended and no further conversations are planned.
October 20, 2014Antares Introduces New Flatbed Trailer
Specialty trailer manufacturer Antares Equipment recently introduced a new 48-foot flatbed trailer with a fixed wide-spread air suspension.
October 20, 2014Consumer Sentiment Reaches 7-Year High
Consumer confidence in the U.S. unexpectedly rose in October to the highest level in seven years, showing a brightening in Americans’ moods as gas prices drop and the labor market gains traction.
October 17, 2014CP Seeks Rail Merger with CSX, Reports Say
Canadian Pacific Railway Ltd. reportedly is pursuing CSX Corp. at a time when the U.S. regulators who would have to approve such a move are showing increasing frustration with today’s delay-plagued rail environment.
October 20, 2014Railroads Press Against Proposals to Slow Oil Trains
U.S. railroads are rallying customers, including lumber and steel companies, to fight a government proposal to slow trains hauling crude oil.
October 16, 2014