Volvo AB said Wednesday its second-quarter earnings jumped 28%, as rising sales in Europe overcame a downturn in North America, Bloomberg reported.
July 23, 2008Search
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Saia’s 2Q Profits Tumble on Fuel, Pricing Pressures
Saia Inc. on Friday reported that it earned $5.4 million, or 40 cents a
share, in the second quarter, down from $10.4 million, or 72 cents, a
year ago.
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Diesel Dips 4.6¢ to $4.718
The average price of retail diesel in the United States dipped 4.6 cents last week to $4.718 a gallon, the largest weekly drop in more than six months, the Department of Energy reported.
July 28, 2008Profits Decline at Most LTLs As Surcharges Lag Fuel Hikes
Most public less-than-truckload companies’ second-quarter profits fell
as fleets were pounded by record diesel prices and flagging economic
demand, but some executives said they thought the overall pricing
environment had improved, or at least stabilized.
GAO Claims Many Truckers Skirt DOT Health Regulations
WASHINGTON — The Government Accountability Office said last week that hundreds of thousands of truck drivers with potentially serious medical conditions are being allowed to drive heavy vehicles, citing loopholes and weaknesses in the federal government’s program to certify drivers.
July 28, 2008Rush Enterprises’ 2Q Earnings Fall
Truck dealership Rush Enterprises’ first-quarter net income fell to $6.1 million, or 16 cents a share, down from $13 million, or 34 cents, a year ago.
July 24, 2008Hub Group Reports Higher 2Q Earnings
Third-party logistics company and freight broker Hub Group’s second-quarter net income rose to $15 million, or 40 cents a share, from $13.8 million, or 35 cents, a year ago.
July 24, 2008Union Pacific’s 2Q Profit Jumps 19%
Union Pacific Corp. said Thursday its second-quarter profit rose 19%, on higher demand for agricultural transportation.
July 24, 2008House Passes Bill to Boost Bridge Inspections
WASHINGTON — The House Thursday approved a bill that would require states to update their highway bridge inspection standards and perform annual inspections of structurally deficient bridges.
July 24, 2008Norfolk Southern’s 2Q Income Rises 15%
Eastern freight railroad Norfolk Southern Corp. said its second-quarter profit rose 15%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.
July 23, 2008