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TRUCKING INDUSTRY NEWS * USA & Canada
* USA - Patriot Transportation’s Fiscal 2Q Income Rises
Jacksonville,FL,USA -Transport Topics -6 May 2009: -- ... Tank and bulk carrier Patriot Transportation Holding said Wednesday its transportation segment revenue for the quarter ended March 31 fell to $27 million, from $34.7 million a year ago, Patriot said in a statement... Revenue miles fell 20.1% due to reduced loads in the flatbed portion of the transportation segment and reduced dry bulk tank hauling... Patriot operates tank carrier Florida Rock & Tank Lines, flatbed hauler SunBelt Transport and a real estate business...* USA - Frozen Food Express Cites 1Q Loss
Dallas,TX,USA -Transport Topics -6 May 2009: -- Refrigerated carrier Frozen Food Express Industries lost $6.1 million, or 36 cents a share, in the first quarter, compared with a loss of $825,000, or 5 cents, a year ago... Revenue fell 21% to $92.2 million, while revenue excluding fuel surcharges fell 11.4% to $83.1 million, the company said late Tuesday... The larger loss was primarily driven by lower revenue volume and rates along with non-recurring severance incurred in quarter, FFE said in a statement...* Canada - Trucker Mullen's Profit Sinks
Aldersyde,AB,CAN -The Journal of Commerce Online, by John Gallagher -Apr 29, 2009: -- Canadian trucking company Mullen Group’s profit dipped 38 percent in the first quarter as a result of falling demand for oil and natural gas drilling services in Western Canada and a decrease in general freight hauling... Revenue at the company, which specializes in hauling drilling equipment as well providing truckload, less-than-truckload, and logistics services, fell 13 percent to $259.6 million in the quarter compared with first quarter 2008... Profit in the carrier’s trucking and logistics segment dropped 1.4 percent to $14.1 million on revenue of $87 million, which was down 9.6 percent in the quarter...Labels: trucking industry news USA
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