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TRUCKING INDUSTRY NEWS * USA
* Canada - US diplomats experience border crossing from a truck cab
Toronto,ONT,CAN -Today's Trucking -9 Aug 2007: -- Kriska Transportation driver and Ontario Road Knight, Peter Durant, transported more than just freight across the Windsor-Detroit border last month... Durant picked up U.S. Consul General (Toronto) John Nay and John Dickson from the U.S. Embassy in Ottawa for an opportunity to experience what it is like to cross the border in a truck and to encourage more trucking companies and shippers to get involved in the FAST program... The two embassy officials requested the ride-along as part of their ongoing efforts to stay apprised of border conditions...
* Transportation Services Index Falls, DOT Says - Freight Index Drops to Lowest Level Since February
USA -Transport Topics OnLine -4 Aug 2007: -- The Department of Transportation said Wednesday that its transportation services index for June fell .7% from May... June's combined TSI, which includes both freight and passenger data, declined to a reading of 110 from 110.8 in May, DOT’s Bureau of Transportation Statistics said in its monthly report... Compared with the same month a year earlier, the combined TSI fell 1.9% while the freight index dropped 3.4%, BTS said...
* Quality's Profits Fall in Q2
Tampa,Fla,USA -Transport Topics OnLine -7 Aug 2007: -- Tank truck carrier Quality Distribution, said its second-quarter net income sank to $2.2 million or 12 cents a share, compared with $5.5 million or 28 cents a year ago... Revenue rose to $194.6 million from $190.3 million, the company said late Wednesday... During the quarter, the carrier announced the acquisition of Brite Clean, a Bensalem Penn., tanker washing company, and Boasso America Corp., a Chalmette, La., firm that provides tanker cleaning and maintenance services...
* Canada - TransForce Posts Lower 2Q Profit
Canada -Transport Topics OnLine(USA) -7 Aug 2007: -- Canadian transportation firm TransForce Income Fund said late Wednesday it earned C$26.3 million or 31 cents a share in the first quarter, down from C$34.9 million or 40 cents a year earlier... Revenue rose to C$450.1 million from $409.7 million a year earlier, the company said in a statement...
* Canada - Mullen Group's Profits Sink in Second Quarter
Canada -Transport Topics OnLine (USA) -7 Aug 2007: -- Canadian transportation firm Mullen Group Income Fund said its second-quarter profit plunged 57.3% to C$16.6 million or 21 cents a share, from C$38.9 million or 64 cents a year earlier... This decrease reflects the weak operating performance of business units reliant on drilling activity in western Canada and the lower future income tax recovery which reduced net income by C$14.5 million, the company said...
* Pacer's Earnings Decline in 2Q
USA -Transport Topics OnLine (USA) -7 Aug 2007: -- Transportation and third-party logistics firm Pacer International on Wednesday said its second-quarter net income fell 13.8% to $12.5 million or 34 cents a share, from $14.5 million or 38 cents a year ago... Quarterly revenue rose 3.6% to $474.9 million...
* Expeditors’ 2Q Profit Rises
USA -Transport Topics OnLine (USA) -7 Aug 2007: -- Logistics firm Expeditors International of Washington’s second-quarter profit rose 16% to $65.5 million or 30 cents a share, from $56.3 million or 25 cents a year ago... Net revenue rose 12% to $354.8 million, the company said Tuesday, while total revenue gained 11% to $1.3 billion...
* Postal Service Reports Results for Fiscal 3Q
USA -Transport Topics OnLine (USA) -7 Aug 2007: -- Priority and express volumes at U.S. Postal Service declined during the organization’s fiscal third quarter, while parcel post shipments increased slightly, the postal service said... Priority mail volumes fell 2.8% to 215 million, express volumes slipped .5% to 14.2 million and parcel post volumes rose .7% to 78.3 million...
* Trailer Bridge's Losses Narrow in Q2
USA -Transport Topics OnLine (USA) -7 Aug 2007: -- Trailer Bridge Inc. said Monday it lost $1.9 million or 16 cents a share in the second quarter, compared with a loss of $9 million or 76 cents a year ago... Revenue rose to $29.6 million from $25 million in the 2006 quarter, the company said...
* Canada - Magna second-quarter profit rises 36 percent
Canada -Reuters (New York,NY,USA) -August 9, 2007: -- Canadian auto parts maker Magna International today reported a 36 percent rise in second-quarter profit as sales increased worldwide... Net profit rose to $262 million, from $193 million a year earlier... Quarterly revenue rose 6 percent to $6.7 billion from $6.3 billion...
* Central States Trucking Shows 100% Growth Since 2003
Bensenville,Ill,USA -Trucking Info -9 Aug 2007: -- Central States Trucking is projected to double its revenues in the past four years from $21 million to $42 million, based in large part to its dedicated contract carrier division... CST, through the utilization of dedicated contract carrier services, provides solutions for a diverse range of consumers throughout Chicago and the greater Midwest... The company operates with more than 200 drivers and 300 company-owned trailers...
Labels: trucking industry USA
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