XPO Logistics said it narrowed its second-quarter loss and announced an agreement to acquire New Breed Holding Co. for about $615 million.
July 29, 2014Search
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TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.Â
Schneider Expands Intermodal Service to Include Mexico, Canada
Schneider said it has expanded its bulk intermodal trailer service to include new routes into Mexico and Canada.
July 28, 2014TransForce to Acquire Contrans Group
TransForce Inc. said it will buy fellow Canadian carrier Contrans Group Inc. for about C$495 million.
July 25, 2014Trailer Orders Soar 43.9%; Strongest June in 15 Years
New trailer orders posted the strongest June in 15 years, ACT Research reported, showing further evidence the sector is poised for its strongest year in nearly a decade.
July 28, 2014Union Pacific Net Income Rises 17%
Union Pacific Corp.’s second-quarter net income rose 17% to $1.29 billion, or $1.43 per share, continuing a trend of profit growth reported by other railroads.
July 24, 2014Universal 2Q Income Slips to $13.6 Million
Universal Truckload Services Inc. reported second-quarter net income declined to $13.6 million, or 45 cents per share, compared with $14.2 million, or 47 cents per share, a year ago.
July 24, 2014Swift Transportation Net Dips 19%
Swift Transportation Co. said net income slipped 19% to $40.2 million, hurt by weaker profit margins at its dedicated and refrigerated units.
July 25, 2014Senate Confirms Top DOT Nominees
The Senate on July 24 easily confirmed the nominations of two Transportation Department officials for senior positions.
July 31, 2014June Trailer Orders Jump 44%
New trailer orders jumped 44% in June from a year ago as high demand for new equipment continued into the summer, ACT Research reported.
July 23, 2014Norfolk Southern’s 2Q Profit Rises 21%
Norfolk Southern Corp. said its second-quarter profit increased 21% and revenue rose 9%.
July 23, 2014