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TRUCKING INDUSTRY * USA & Canada
* USA - Trucking Sluggish in Some Regions, Fed ‘Beige Book’ Says
Richmond,VA,USA -Transport Topics -21 Oct 2009: -- Despite some signs of economic recovery, transportation services activity in most regions declined in the six weeks through mid-October, the Federal Reserve said Wednesday... Two regional exceptions were Chicago, where trucking shipments reportedly increased, and Cleveland, where contacts cited an uptick in freight transport volume in recent weeks... The Atlanta, San Francisco, and Dallas districts reported a decline in trucking activity, while Kansas City’s was flat, the report said... Retail and manufacturing conditions were mixed in Boston, but some signs of improvement were reported. New York, Philadelphia, Cleveland, and San Francisco cited small pickups in manufacturing activity... Overall, reports of economic activity gains generally outnumbered declines, but virtually all references to improvement were qualified as either small or scattered... The report, prepared by the Richmond Fed, was based on information collected from Aug. 31 through Oct. 12... (Picture from inmagine: on the Nevada highway)
* Arkansas - Arkansas Best Takes 3Q Loss
Fort Smith,ARK,USA -Transport Topics -21 Oct 2009: -- Arkansas Best Corp. said Wednesday it took a third-quarter loss... Revenue fell to $399 million from $495.8 million a year ago, a per-day decline of 19.5%... Less-than-truckload unit ABF Freight System had an operating loss of $14 million, compared with operating income of $25.2 million a year ago. Revenue fell to $369.8 million, from $476.3 million... (Photo from arkbest)* Washington - Haney Truck Line Buys Two Northwestern Trucking Companies. Move Creates One of Largest West Coast TL Carriers
Seattle,WASH,USA -Transport Topics -20 Oct 2009: -- Seattle-based truckload carrier Haney Truck Line said Tuesday it has purchased two Northwestern truckload companies, Washington-based Puget Sound Truck Lines and Oregon-based Nickel Plate Express... The combined entities will operate under the Haney brand and create one of the largest West Coast truckload transportation fleets, Haney said in a statement... Haney also will assume leased property in Eugene and Portland, Ore., Commerce and Woodland, Calif., and in Everett, Bellingham and Tacoma, Wash., adding to the five terminals and various other parking yards Haney it maintains throughout the Northwest... (Photo form haneytruckline: equipment)* Wiscosin - Marten Reports Lower Third-Quarter Income
Mondovi,WI,USA -Transport Topics -20 Oct 2009: -- Refrigerated truckload carrier Marten Transport’s third-quarter net income fell 43% to $3.5 million, or 16 cents a share, from $6.1 million, or 28 cents, a year ago... Operating revenue from trucking operations fell 26.8%, to $100.3 million, while revenue from logistics operations fell 10.6%, to $29.3 million, the company said late Tuesday... Marten said that the drop in revenue was primarily due to decreases in fuel surcharge revenues. Truckload fuel surcharges dropped 63.7% to $38.4 million and intermodal fuel surcharges fell 38.3% to $2.9 million... Purchased transportation fell 0.2% to $29,192,000, from $29,125,000... (Picture from hankstruckpictures, by Paul Kane: Marten's Peterbilt)
* Minnesota - C.H. Robinson’s 3Q Profit Improves
Eden Prairie,MN,USA -Transport Topics -21 Oct 2009: -- Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $95.5 million, or 57 cents a share, up slightly from $93.6 million, or 54 cents a share, a year ago... Revenue fell 15.6% to $1.95 billion due primarily to lower volumes and fuel prices, the company said late Tuesday. Transportation gross profit rose 2.9% to $306.2 million... Truck revenue, including truckload and less-than-truckload services, rose 2.1% to $268.1 million, while truckload rates fell 7% excluding the estimated effects of fuel... Intermodal gross profit fell 30.1% to $8.4 million, led by price declines combined with volume decreases, the company said... (Image from chrobinson: FreightServices, TempControlled)* Arizona - Knight’s 3Q Income Declines
Phoenix,AZ,USA -Transport Topics -21 Oct 2009: -- Truckload carrier Knight Transportation’s third-quarter profit fell to $13.1 million, or 16 cents a share, compared with $16 million, or 19 cents, a year ago... Revenue dropped to $173.1 million, from $209.7 million a year ago, the company said late Wednesday. Revenue excluding fuel surcharges fell to $150.2 million...* Tennessee - Forward Air’s 3Q Income Declines
Greeneville,TN,USA -Transport Topics -21 Oct 2009: -- Forward Air Corp. said late Wednesday its third-quarter profit fell to $3.8 million, or 13 cents per share, from $12.1 million, or 42 cents, a year ago... Revenue fell 15.1% to $103.1 million, the company said in a statement...* Illinois - Hub Group’s Third-Quarter Income Declines
Downers Grove,IL,USA -Transport Topics -21 Oct 2009: -- Hub Group Inc. said late Wednesday its third-quarter net income fell to $9.8 million, or 26 cents a share, from $16.9 million, or 45 cents, a year ago... Revenue fell 24% to $389 million for the quarter, the company said in a statement... Intermodal revenue fell 27% to $270 million, attributable to 9% lower volume, 12% lower fuel and a 6% decrease for price and mix... Truck brokerage revenue decreased 27% to $74 million, while logistics revenue gained 2% to $45 million... (Photo from ppw-aline: Containers Hub Red)
* Canada - CN Reports Lower 3Q Profit
Montreal,Quebec,CAN -Transport Topics -21 Oct 2009: -- Canadian National Railway Co. said its third-quarter net income dropped to C$461 million or 97 cents per share, from C$552 million or C$1.16 per share a year earlier... Revenue fell 18.3% to C$1.85 billion, the railroad said in a statement late Tuesday... CN said that drops in revenue and profit were mainly due to "lower freight volumes stemming from depressed North American and global economies"... (Photo form media.commercialappeal: CN)
* Texas - Rush Enterprises, Inc. Reports Third Quarter Results
San Antonio,TX,USA -Reuters -Oct 21, 2009: -- Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America and two John Deere construction equipment dealerships in Southeast Texas, today announced results for the third quarter ended September 30, 2009... In the third quarter ended September 30, 2009, the Company's gross revenues totaled $302.4 million, a 26.9% decrease from gross revenues of $413.7 million reported for the third quarter ended September 30, 2008. Net income for the third quarter ended September 30, 2009, was $3.0 million, or $0.08 per diluted share, compared with net income of $8.0 million, or $0.21 per diluted share, in the third quarter ended September 30, 2008... (Photo from Rush Crane Systems)* Georgia - UPS’ Third-Quarter Income Drops 43.4%
Atlanta,GA,USA -Transport Topics -22 Oct 2009: -- UPS Inc. said Thursday its second-quarter profit fell 43.4% to $549 million, or 55 cents a share, from $970 million, or 96 cents, a year ago... Revenue declined 14.9% to $11.1 billion, the company said in a statement Thursday... Its supply chain and freight segment’s operating profit fell 20.9% to $102 million, while revenue dropped 19.8% to $1.8 billion... (Photo from cache.daylife)
* Georgia - Saia Increases 3Q Profit
Johns Creek,GA,USA -Transport Topics -23 Oct5 2009: -- Saia Inc. said its third-quarter profit increased to $3.3 million, from $2.8 million the prior year... Its operating income was $7.8 million, compared with $7.5 million a year ago... Revenue fell 19% to $222 million, the company said in a statement... LTL tonnage fell 4.4% as shipments per workday fell 2.3% with a 2.2% reduction in weight per shipment, Saia said... (Photo from supplychainer: Saia opens new terminal in metropolitan area)
* Florida - Ryder’s Third-Quarter Income Declines
Miami,FL,USA -Transport Topics -22 Oct 2009: -- Ryder System said Thursday its third-quarter profit fell to $24 million, or 43 cents a share, from $70.2 million, or $1.24, a year earlier... Revenue fell 20% to $1.26 billion, the company said... Ryder’s fleet management solutions’ revenue fell 22% to $911.9 million... Its supply chain solutions segment’s operating revenue fell 22%, to $249.6 million, while revenue fell 22%, to $298.7 million... Its dedicated contract carriage segment’s operating revenue fell 15% to $116.9 million, while total revenue fell 14%, to $120.6 million...* Delaware - Old Dominion’s Second-Quarter Profit Declines
Bridgeville,DL,USA -Transport Topics -22 Oct 2009: -- Old Dominion Freight Line said Thursday its third-quarter profit fell 55.1% to $10.5 million, or 28 cents per share, from $23.4 million, or 63 cents, a year ago... Revenue fell 22.3% to $322.8 million, from $415.9 million a year ago, the less-than-truckload carrier said in a statement... Tonnage decreased 14% in the quarter from a year ago, and fuel surcharges also decreased as the price of diesel dropped, Old Dominion said... (Photo from drunkduck)
* Quebec, Canada - TransForce Reports Lower 3Q Income
Saint-Laurent,Quebec,CAN -Transport Topics -23 Oct 2009: -- Canadian transportation firm TransForce Inc. said its third-quarter net income fell to C$17 million, or 19 cents a share, from C$26.5 million, or 31 cents, a year ago... Revenue fell to C$451 million, from C$595 million a year earlier, TransForce said Friday... (Photo from transforce)
* Michigan - Universal Truckload Services’ Income Drops
Warren,MI,USA -Transport Topics -22 Oct 2009: -- Universal Truckload Services said its third-quarter net income plunged 68.6% to $1.7 million, or 11 cents per share, from $5.4 million, 34 cents, a year ago... Revenue fell 39.7% to $128.5 million, the company said in a statement... * California - Iteris’ Income Falls for Fiscal 2Q
Santa Ana,CA,USA -Transport Topics -22 Oct 2009: -- Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal second-quarter profit decreased from a year ago... Net income was $543,000, or 2 cents per share, down from $1.1 million, or 3 cents, a year earlier, the company said... Net sales and contract revenue fell 22% to $14.9 million for the fiscal quarter ended Sept. 30, Iteris said...* Arkansas - USA Truck Reports 3Q Loss
Van Buren,ARK,USA -Transport Topics -22 Oct 2009: -- Truckload carrier USA Truck reported a third-quarter loss of $1.6 million, or 16 cents per share, compared with net income of $2.4 million, or 23 cents, a year ago... Total revenue fell to $96.2 million, from $146.1 million, while trucking revenue fell to $78.5 million, from $98.6 million, the company said in a statement... The company said that intermodal volumes were relatively flat, due to intensified competition in the container-on-flat-car market. But its trailer-on-flat-car revenue increased 14.8%... (Photo from usa-truck)
posted by Unknown @ 4:19 AM
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