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TT 100: Private Equity Alters For-Hire Trucking Landscape

Trucking attracted significant new investment from private equity firms, and many of the top for-hire carriers responded to changing business conditions by moving into new markets, both here and abroad, according to the 2007 edition of the Transport Topics 100.

July 23, 2007

Leading Economic Indicators Fall

An index of leading economic indicators fell 0.3% in June, the New York-based Conference Board said Thursday.

July 19, 2007

Jobless Claims Decline for Week

Initial jobless claims fell by 8,000 last week to 301,000, the Labor Department said Thursday.

July 19, 2007

Rush’s 2Q Profit Dips

Truck dealership Rush Enterprises’ second-quarter earnings dipped to $13 million or 51 cents a share, from $14.9 million or 59 cents a year earlier.

July 19, 2007

Vitran’s Profit Dips in Second Quarter

Vitran Corp. said Thursday its second-quarter profit was $5.5 million or 41 cents a share, down from $5.8 million or 45 cents a year ago.

July 19, 2007

Union Pacific’s 2Q Earnings Jump

Freight railroad Union Pacific Corp.’s second-quarter earnings jumped 14% to $446 million or $1.65 a share, from $390 million or $1.44 a year ago.

July 19, 2007

Deal Reached on N.Y.C. Traffic Fees

New York state leaders reached agreement Thursday with New York City on a plan to put “congestion fees” on cars and trucks operating in the center of Manhattan, the Associated Press reported.

July 19, 2007

Landstar’s 2Q Profit Rises

Truckload carrier Landstar System said Thursday its second-quarter net income rose to $29.7 million or 53 cents a share, from $29.5 million or 50 cents a year ago.

July 19, 2007

Knight’s Second-Quarter Earnings Improve

Truckload carrier Knight Transportation’s second-quarter profit rose to $18.2 million or 21 cents a share, from $18.1 million or 21 cents a year ago.

July 19, 2007

N.Y.C. Congestion-Fee Plan May Be Revived

Just three days after it was apparently killed, New York lawmakers were on the brink of reaching a deal to pass a measure that would impose “congestion fees” on cars and trucks operating in downtown New York City, the New York Daily News reported Thursday.

July 19, 2007