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Jul 21, 2006

TRUCKINGS' PROFITS WORLDWIDE

* USA - Navistar Again Reaffirms ’06 Guidance
USA -Transport Topics -July 21, 2006: -- Navistar International Corp. late Wednesday again reaffirmed that it expects to earn at least $5.38 per share this year... Navistar is the International Truck and Engine Corp., which makes trucks and engines... The company said in April it would restate earnings from 2002 through 2005 and that it had replaced its outside auditor...


* USA - Drews Trucking sells unit to KK
OCONTO FALLS,Wis,USA -Oshkosh Northwestern (Oshkosh,Wisconsin) -July 20, 2006: -- Drews Trucking of Oconto Falls is selling its dry van truckload division to KK Integrated Logistics of Menominee, Mich... The combined companies will operate 85 tractors and 400 trailers across the Midwest. KK also has operations in Marinette, Oconto, Green Bay and Manitowoc...

* USA - Caterpillar Reports 38% Q2 Increase
USA -Associated Press -21 July 2006: -- Engine and heavy-equipment manufacturer Caterpillar Inc.’s second-quarter profit jumped 38% to $1.05 billion, or $1.52 a share, up from $760 million, or $1.08 a share in the previous year... Sales rose 13% to $10.61 billion from 9.36 billion last year, AP said...

* USA - Hub Group Income Jumps in Second Quarter
USA -Transport Topics -July 21, 2006: -- Third-party logistics provider Hub Group Inc. reported late Thursday that its net income increased to $12.5 million, or 30 cents a share, up from $7.9 million or 19 cents a share last year...

* USA - SCS Transportation Reports Q2 Earnings, Revenue
USA -Transport Topics -July 21, 2006: -- SCS Transportation reported Thursday a loss of $35.9 million, or $2.47 for the second quarter, compared with a loss of $33.6 million or $2.31 a share a year ago...

* Sweden - Volvo Second-Quarter Profit Up 19%
Stockholm,Sweden -Bloomberg -July 21, 2006: -- Volvo AB said its second quarter profit rose 19% on a 7% sales increase, reported Friday... Profits for Volvo’s truck division increased 18% to about $553 million on a 5.8% sales increase...

* USA - U.S. Xpress Reports Higher Second-Quarter Earnings
USA -Transport Topics -July 21, 2006: -- Truckload carrier U.S. Xpress Enterprises Inc. said late Thursday its second-quarter income rose to $5.7 million or 37 cents a share, compared with $482,000 or 3 cents a share in the previous year...

* USA - Smithway Reports 15% Increase in Second Quarter
USA -Transport Topics -July 21, 2006: -- Smithway Motor Xpress Corp., Fort Dodge, Iowa, said net earnings for the second quarter rose to $1.6 million, up 15% from $1.4 million in 2005...

* USA - BNSF to Increase Quarterly Dividend
USA -Transport Topics -July 21, 2006: -- Western freight rail line Burlington Northern Santa Fe Corp. said Thursday it will increase its quarterly dividend by 5 cents per share to 25 cents...

* USA - Qualcomm’s Income Rises for Third Fiscal Quarter
USA -Transport Topics -July 21, 2006: -- Wireless-services provider Qualcomm Inc. reported net income for its third fiscal quarter ended June 25 rose 15% to $643 million or 37 cents a share from the previous third quarter...

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