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TRUCKING INDUSTRY NEWS * USA & Canada
* USA - Schneider National Grows in 2008
Green Bay,Wis,USA -Layover -26 Feb 2009: -- Schneider National, Inc., a premier provider of transportation, logistics and intermodal services, today announced its 2008 financial results. The company posted revenues of $3.7 billion in 2008, up from $3.4 billion in 2007. In addition to growing revenue, Schneider achieved its earnings plan in 2008, continuing the company's 74-year track record of positive financial results... That said, the freight transportation market environment has been, and will continue to be, in a deep recession...
* Canada - Contrans and Mullen increase revenue despite troubled economy
Woodstock,Ont,Canada -Today's Trucking -27 Feb 2009: -- Two of Canada’s largest trucking operations managed to increase revenue during 2008, despite the troubled economy... The Alberta-based Mullen Group Income Fund generated record consolidated revenues of approximately $1.3 billion, which the company attributes partly to the success of its acquisitions... Contrans Income Fund meanwhile, wasn’t hurt by keeping its income fund status in tact and increased revenue in 2008 to $488.8 million, up from $485.9 million in 2007... Other contributing factors included the strong performance by the Trucking/Logistics Segment; the strong demand for services related to the transportation of fluids and servicing of oil wells; and the strong demand for specialized services related to the build out and servicing of projects related to the extraction of oilsands deposits...
posted by Unknown @ 10:27 AM
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