Transportation and third-party logistics firm Pacer International said it lost $7.3 million, or 21 cents per share, compared with a profit of $13.4 million, or 39 cents, a year earlier.
August 6, 2009Search
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Contrans’ Second-Quarter Income Falls
Canadian firm Contrans Income Fund said that its second-quarter profit was C$6.2 million, or 20 cents per unit, down from C$10.2 million, or 35 cents, a year ago.
August 12, 2009Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Opinion: The Customer Service, Dispatch Dilemma
As the recession deepens, there is growing awareness in the transportation industry of the role dispatchers play in keeping third-party logistics firms and freight brokerages competitive, particularly in the areas where dispatch and customer service collide.
August 11, 2009TT 100 For-Hire and Private Listings Available Online
The 2009 Transport Topics 100 for-hire and private listings are available online. The listings, available to download free, show the top 100 U.S. and Canadian carriers in each category.
August 11, 2009Wabash Reduces 2Q Loss, Gets $35 Mln. in New Capital
Trailer maker Wabash National Corp. lost $17.9 million during the second quarter — an improvement of more than $10 million from the year’s first three months, when it lost $28.3 million — and announced the completion of a deal with a private equity firm that will give it $35 million in new capital.
August 10, 2009Wabash’s Second-Quarter Loss Widens
Trailer manufacturer Wabash National Corp. lost $17.9 million, or 59 cents a share, in the second quarter, compared with a loss of $3.2 million, or 11 cents, a year ago.
August 6, 2009Expeditors’ Second-Quarter Income Declines
Logistics firm Expeditors International of Washington said Tuesday its second-quarter net income fell 24% to $54.1 million, or 25 cents a share, from $71.3 million, or 32 cents, a year ago.
August 4, 2009Wabash Completes $35 Million Capital Infusion
Trailer maker Wabash National Corp. said it has completed a $35 million investment in the company by a private equity firm.
August 4, 2009Rule Won’t Require Overhaul of Braking Systems, Experts Say
The National Highway Traffic Safety Administration’s decision to cut the maximum allowed stopping distance for large trucks by 30% will increase truck buyers’ costs somewhat, but will not force a widespread shift to new technology such as air disc brakes, industry groups and manufacturers said.
August 3, 2009Canadian Pacific 2Q Income Grows on One-Time Charge
Canadian freight railroad Canadian Pacific’s second-quarter net income grew to C$157.3 ($145 million), or 93 Canadian cents a share, from $154.7 million ($142 million), or C$1 a share, a year ago.
July 30, 2009