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TRUCKING's WORLD NEWS
* Canada’s New Prime Minister Backs Transportation Initiatives
USA -TTNews -9 Feb 2006: New Canadian Prime Minister Stephen Harper has pledged $1.75 billion dollars over the next five years toward highway and border infrastructure, including the TransCanada Highway... The TransCanada highway is a nearly 5,000-mile-long highway that stretches from Victoria, British Columbia, to St. John’s, Newfoundland...
* Wabash Reports Improved Fourth-Quarter Income, Sales
USA -TTNews -9 Feb 2006: Truck trailer maker Wabash National Corp. late Wednesday reported fourth-quarter net income of $19.7 million or 55 cents a share, up from $13 million or 39 cents for the same period a year earlier... Net sales rose to $340.8 million, from $287.4 million, Wabash said in a statement... For the full year, Wabash earned $111.1 million or $3.06 per share, compared with $58.4 million or $1.80 in 2004, the company said...
* Pacer’s Fourth-Quarter, Year-End Income Gain
USA -TTNews -9 Feb 2006: Transportation and third-party logistics firm Pacer International said its fourth-quarter net income rose 20% to $20.4 million or 54 cents a share, from $17 million or 44 cents a share in the previous fourth quarter... Revenue fell 5.1% for the quarter ended Dec. 30 to $503.8 million, the company said in a statement late Wednesday... For its full fiscal year, also ended Dec. 30, Pacer’s profit rose to $50.9 million or $1.34 a share, from $47.2 million or $1.24 a year earlier. Revenue for the fiscal year rose to $1.9 billion, from $1.8 billion the previous year...
* P.A.M’s Fourth-Quarter Earnings Rise
USA -TTNews -9 Feb 2006: Truckload carrier P.A.M. Transportation Services reported a fourth-quarter profit of $4.3 million or 41 cents a share, rising from $1.8 million or 16 cents for the same period in 2004... Operating revenue excluding fuel surcharges rose 8.2% to $83.9 million, the company said Wednesday... For the full year, the company earned $13.1 million or $1.20 per share, compared with $10.6 million or 94 cents for 2004... Revenue for the year rose 5.5% to $326.4 million...
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