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Government, Business, Logistics, Top 100

Meat Supply Threats Grow With First Brazil Shutdown

It’s no longer just the U.S. that’s facing a meat scare. Top exporter Brazil is seeing its first plant shutdown, meaning the coronavirus is now snarling supplies from arguably the world’s most critical producer.

April 24, 2020
Business, Top 100

Mullen Group Records 59.5% Decline in Q1 Profit

Mullen Group Ltd. posted weaker first-quarter profits on steady revenue, but the Canadian motor carrier warned that business began to erode significantly in April.

April 23, 2020
Business, Logistics, Top 100

Landstar Reports $927.6 Million Revenue for Q1

Landstar System Inc. reported lower first-quarter net income of $40.9 million, or diluted earnings per share of $1.04, compared with $63.3 million, or $1.58, in the same period a year ago.

April 23, 2020
Business, Top 100

Old Dominion Q1 Profit, Revenue Keep Pace

Old Dominion Freight Line Inc.’s first-quarter profit and revenue held steady as the motor carrier didn’t start to see business erode from the coronavirus pandemic until the start of April.

April 23, 2020
Business, Top 100

Heartland Express Reports Q1 Net Income of $13.2 Million

Heartland Express Inc. reported a 23.6% drop in first-quarter net income to $13.2 million, or 16 cents per share, from $17.3 million, or 21 cents, in the same period a year ago.

April 23, 2020
Business, Top 100

Knight-Swift Reports Decline in Q1 Net Income, Revenue

Knight-Swift Transportation Holdings reported a decline in net income for the first quarter of 2020 due partially to the effects of tax and foreign currency fluctuations, and also reported a decline in revenue for the period.

April 23, 2020
Business, Top 100

TFI Posts Solid Q1 Results; Workforce Measures Taken

TFI International Inc. posted a strong first quarter, logging record operating income for the period and solid profit growth.

April 23, 2020
Business, Logistics, Top 100

Covenant Relocates Texarkana Terminal Operations

Covenant Transportation Group is planning to close its Texarkana, Ark., terminal and relocate operations to other facilities, the company announced April 20.

April 21, 2020
Business, Safety, Top 100

JBS to Shut Down Minnesota Pork Plant After COVID-19 Outbreak

JBS SA, the world’s top meat company, will shutter its pork processing facility in Minnesota following an outbreak of the coronavirus, adding to concerns that slaughterhouse logjams will tighten meat supplies for consumers.

April 20, 2020
Business, Fuel, Top 100

Stocks Sink Under Weight of Another Collapse in Oil Prices

Stocks have fallen in early trading on Wall Street April 20, as energy stocks get hammered by the latest collapse in the price of oil.

April 20, 2020