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Railroad 1Q Profits Increase on Rebound in Coal Shipping

All publicly traded freight railroads reported higher profits in the first quarter, led by a strong rebound in coal transportation from the doldrums of recent years and continued improvement in the intermodal sector.

May 1, 2017

Paper Checks Still Common in Trucking; Move Underway to Migrate to E-Payments

Many trucking and third-party logistics companies still write checks to pay their invoices, but efforts are underway to transition from pen and paper to point-and-click e-payments. If successful, it would shift decades-old business patterns ingrained in the industry.

May 1, 2017

American Consumers' Economic Expectations Strongest Since 2001

Consumer confidence rebounded last week as Americans became the most upbeat about the economy since 2001, the Bloomberg Consumer Comfort Index figures showed April 27.

April 27, 2017

Union Pacific Profits Up 9.5%, Easily Beat Forecasts

Union Pacific’s profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation.

April 27, 2017

Universal Logistics Profits Fall in First Quarter Despite Higher Revenue

Profits at Universal Logistics Holdings Inc. fell 42% year-over-year despite 9.2% growth in revenue during the same period, which the company acknowledged was due to problems with a few of its large value-added programs.

April 27, 2017

Norfolk Southern Profits Up 12%, Beat Analyst Estimates

Norfolk Southern Corp. announced that profits increased 12% in the first quarter as a result of strong rebounds in coal and intermodal business compared with early 2016.

April 26, 2017

Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group

Sandwiched between “soft pricing” and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased.

April 26, 2017

Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air

Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.

April 26, 2017

Swift Suffers in First Quarter as Profits Plunge 84%

Swift Transportation reported profits plunged 84% in the first quarter compared with 2016 as truckload carriers suffered from continued excess capacity and lower contract prices than they had hoped for this year.

April 25, 2017

ExpoCam Provides Recruiting Opportunities for Companies

MONTRÉAL — Mercer Transportation Co. is a regular at the Mid-America Trucking Show because the flatbed carrier and MATS share Louisville, Ky., as a hometown — but that was not a reason to avoid ExpoCam.

April 24, 2017