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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March 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, 2007Durables Orders Rise 3.4%
Durable goods orders rose 3.4% in March, the Commerce Department said Wednesday.
April 25, 2007New °®¶ą´«Ă˝ Sales Rise 2.6%
New home sales rose for the first time in six months in March, gaining 2.6%, the Commerce Department said Wednesday.
April 25, 2007ABF’s 1Q Profit Declines
Arkansas Best Corp. said Wednesday its first-quarter net income fell to $4.8 million or 19 cents a share, from $6.1 million or 24 cents a year ago.
April 25, 2007Fed Sees Some Upturns in Trucking Business
Federal Reserve districts reported some regional upturns in the trucking business, the Fed said in its latest “beige book” survey of economic conditions.
April 25, 2007°®¶ą´«Ă˝ Sales, Consumer Confidence Decline
Existing home sales fell to a four-year low and consumer confidence declined to an eight-month low, two groups reported Tuesday.
April 24, 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