2011 July

Old Dominion’s 2Q earnings up 83.1%

Old Dominion Freight Line Inc. on Thursday, July 28, announced revenue for the second quarter ended June 30 increased 30.4 percent to $480.3 million from $368.3 million for the second quarter of 2010. Net income rose 83.1 percent to $39.4 million from $21.5 million. Old ...

By CCJ Staff Published July 28, 2011

Universal Truckload’s 2Q net income declines

Universal Truckload Services Inc. on Thursday, July 28, announced that for the 13 weeks ended July 2, operating revenues increased 16.6 percent, or $25.7 million, to $180.0 million from $154.3 million for the 13 weeks ended July 3, 2010. The company’s operating ratio improved 80 ...

By CCJ Staff Published July 28, 2011

Pacer posts higher 2Q profit

Pacer International Inc. on Thursday, July 28, said revenues for the three months ended June 30 were $386.3 million, and excluding revenues from the transitioned east-west big box business during 2010, intermodal revenues improved by $27.2 million or 9.8 percent. Income from operations increased $4.3 ...

By CCJ Staff Published July 28, 2011

Frozen Food Express reports smaller 2Q net loss

Frozen Food Express Industries Inc. on Thursday, July 28, announced total operating revenue for the second quarter ended June 30 increased $6.4 million to $101.3 compared to $95.0 million in the same period of 2010. Total operating revenue, net of fuel surcharges, decreased slightly to ...

By CCJ Staff Published July 28, 2011

Hub Group’s 2Q income up 49%

Hub Group Inc. reported income of $14.4 million for the second quarter ended June 30, an increase of 49 percent compared to the second quarter of 2010. Diluted earnings per share was $0.39, an increase of 50 percent. "We had a solid quarter with a 66 ...

By CCJ Staff Published July 28, 2011

Echo Global Logistics posts higher 2Q profit

Echo Global Logistics Inc., a provider of technology-enabled transportation and supply chain management services, on Thursday, July 28, announced that total revenue for the three months ended June 30 was $151.5 million, up 38 percent compared to $109.9 million in the second quarter of 2010. ...

By CCJ Staff Published July 28, 2011

CRST acquires Specialized Transportation Inc.

CRST International Inc. on Thursday, July 28, announced the acquisition of Specialized Transportation Inc., a provider of customized supply chain solutions for products that require high-touch support, special handling and equipment, and value added onsite services. Both companies are privately held; terms were not announced. STI, ...

By CCJ Staff Published July 28, 2011

Canadian shipping costs rising

Results published by Nulogx’s Canadian General Freight Index indicate that the cost of ground transportation for Canadian shippers increased in May when compared to April due to increases in both base rates and fuel surcharges assessed by carriers. The CGFI Total Freight Cost Index rose by ...

By CCJ Staff Published July 28, 2011

UPS touts improved fuel efficiency

UPS on Thursday, July 28, released the latest edition of its annual Sustainability Report, disclosing it once again had managed to reduce the amount of fuel it's using to deliver each package in the United States. UPS says its U.S. package volume rose 1.8 percent ...

By CCJ Staff Published July 28, 2011

Dana to divest interests in Getrag joint ventures

Dana Holding Corp. on Thursday, July 28, announced it has signed definitive agreements to sell its equity in two joint ventures to Getrag. Dana says these transactions, expected to close in September and contingent upon receiving required regulatory approvals, are part of a larger transaction ...

By CCJ Staff Published July 28, 2011