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Control, 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, 2007

Swift OKs Moyes’ Takeover

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, 2007

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, 2007

Qualcomm’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, 2007

Vitran’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, 2007

Durables Orders Rise 3.4%

Durable goods orders rose 3.4% in March, the Commerce Department said Wednesday.

April 25, 2007

New °®¶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, 2007

ABF’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, 2007

Fed 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