Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007Search
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Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007Rail, Intermodal Fall Again
Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said.
April 27, 2007March Trucking Index Gains
American Trucking Associations’ truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007Qualcomm’s Earnings Jump
Wireless-services provider Qualcomm Inc. reported its fiscal second-quarter profit jumped 22% to $726 million or 43 cents a share, from $593 million or 34 cents a year ago.
April 26, 2007Vitran’s 1Q Earnings Dip
Toronto-based transportation firm Vitran Corp. said its first-quarter profit was $3.4 million or 25 cents a share, down from $3.8 million or 28 cents a year ago.
April 26, 2007Ryder’s First-Quarter Profit Rises
Ryder System said Wednesday its first-quarter profit rose 8% to $51.3 million or 84 cents a share, from $47.6 million or 77 cents a year ago.
April 25, 2007Letters to the Editor: Speed Limits; Maintenance Issues
These letters appear in the April 23 print edition of Transport Topics. Click here to subscribe today.
April 25, 2007Forward Air’s Profit Dips
Forward Air Corp., a contractor to the air cargo industry, said its first-quarter profit slipped by 6% to $10.3 million or 34 cents a share, from $11 million or 35 cents a year ago.
April 24, 2007