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TRUCKING INDUSTRY NEWS * USA & Canada
* Ryder’s 3Q Earnings Improve
Miami,FL,USA -Transport Topics -22 Oct 2008: -- Ryder System Wednesday reported third-quarter earnings of $70.2 million, or $1.25 per share, up from $65.5 million, or $1.11, a year ago... Revenue slipped 1% to $1.63 billion, the truck leasing and logistics firm said in a statement... Ryder’s fleet management solutions’ revenue increased 11% due to higher fuel services revenue, as well as contractual revenue growth of 4%, which more than offset a 4% decline in commercial rental revenue... * Arkansas Best’s 3Q Income Slips
Fort Smith,ARK,USA -Transport Topics -22 Oct 2008: -- Arkansas Best Corp.’s third-quarter net income fell to $15.4 million, or 61 cents a share, from $18.9 million, or 75 cents, a year ago... Revenue rose to $495.8 million, from $486 million a year ago, ABF said in a statement... Arkansas Best’s largest subsidiary, ABF Freight System, had revenue of $476.3 million, “essentially the same, on a per-day basis” as the previous third quarter, ABF said...* Canada - Vitran’s Third-Quarter Profit Drops
Toronto,Ont,CAN -Transport Topics -22 Oct 2008: -- Vitran Corp. said Wednesday its third-quarter profit fell to $2.1 million, or 15 cents a share, from $3.1 million, or 23 cents, a year earlier... The Toronto-based trucking and transportation firm said revenue rose 15% to a record $198.6 million... Vitran has truckload, less-than-truckload and logistics operations in the United States and Canada... Labels: trucking industry news USA
posted by Unknown @ 4:24 PM
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