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Business: Page 1108
Business
Old Dominion’s 4Q earnings up 127.8%
Old Dominion Freight Line Inc. on Wednesday, Feb. 2, announced fourth-quarter 2010 revenue increased 28.3 percent to $399.0 million from $310.9 million for the fourth quarter of 2009. Net income was $22.1 million, up 127.8 percent from $9.7 million. Old Dominion’s operating ratio improved to 90.5 percent from 93.9 percent. For the year ended Dec. […]
February 2, 2011
Business
Patriot says 1Q net income up 378.8%
Patriot Transportation Holding Inc. on Wednesday, Feb. 2, reported net income of $6.395 million in the first quarter of fiscal 2011, an increase of $5.059 million or 378.8 percent compared to net income of $1.336 million in the same period last year. The first quarter of fiscal 2011 included an after-tax gain of $4.926 million […]
February 2, 2011
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Business
Quality says 4Q results likely to meet expectations
Quality Distribution Inc. announced preliminary results for the fourth quarter and year ended Dec. 31: • For the three-month period ended Dec. 31, 2010, Quality expects its total revenue to be about $165.0 million, operating income to be within the range of $6.7 million to $7.0 million and consolidated adjusted EBITDA to be within the […]
February 2, 2011
Business
FFE opens Driver Academy in Fort Worth, Texas
FFE Transportation Services Inc. on Monday, Jan. 31, announced the grand opening of FFE Driver Academy in Fort Worth, Texas. Licensed and accredited by the Texas Workforce Commission, the academy will provide comprehensive training for individuals with no prior tractor-trailer experience. FFE says the curriculum includes all the required information and training necessary to acquire […]
February 2, 2011
Business
A. Duie Pyle chooses Descartes, earns Scotts Miracle-Gro award
A. Duie Pyle Inc. announced that it has selected Descartes Systems Group’s Area Planner and Route Planner, both part of Descartes’ Mobile Resource Management solution set, to seamlessly integrate planning, routing and dispatch needs for its less-than-truckload services. Pyle also recently announced that its warehouse facility in Westfield, Mass., was the recipient of The Scotts […]
February 2, 2011
Business
FedEx Freight driver named TCA Highway Angel
Bill Poulos, a professional truck driver for FedEx Freight of Portland, Ore., has been named a Truckload Carriers Association Highway Angel for looking after the best interests of a small child caught in a bad situation. On Dec. 31, as Poulos drove along Interstate 84 from Portland to Pendleton, he came upon an accident that […]
February 2, 2011
Business
Chevrolet reports increased small business light truck sales
The pessimism of the Great Recession is being replaced by optimism for a growing number of small business owners like Mark Fischer, according to Chevrolet. Fischer, vice president of Katch Kan USA in Houston, provides support for the oil-drilling industry in Texas, which Fischer estimates saw a 50 percent decline in activity during 2008 and […]
February 2, 2011
Business
Accuride names Dauch president/CEO
Accuride Corp. announced that Richard Dauch has been appointed to serve as president and chief executive officer, succeeding Bill Lasky, who has served as Accuride’s interim president and CEO since September 2008. Lasky also has served as chairman of the board since January 2009 and will continue in that role. “I have enjoyed serving as […]
February 2, 2011
Business
Bruckner Truck Sales adds new dealership in Tulsa, Okla.
Bruckner Truck Sales, based in Amarillo, Texas, has extended its southwest region of Volvo Truck dealerships by adding Tulsa, Okla. as a new full-service location. Bruckner now has a total of 14 locations in Oklahoma, Texas and New Mexico. “We are excited to be in the great city of Tulsa, and our team looks forward […]
February 2, 2011
Business
Weather Guard GearUp Truck Fit Guide available for 2011 models
Knaack LLC and Weather Guard Products announce the updated GearUp Truck Fit Guide for all 2011 Truck Models. The Web-based interactive tool at www.weatherguard.com/truck_tool_boxes/truck_product_selector.php helps trucks owners ensure their Weather Guard professional storage equipment fits their new vehicle. “We measure every new truck and van model each year,” says Mike Sover, senior product manager for […]
February 2, 2011
Business
Topco Associates chooses LeanLogistics On-Demand TMS
LeanLogistics, a global solutions provider of transportation management system, applications and supply chain services, announced the addition of Topco Associates to its list of On-Demand TMS clients. LeanLogistics On-Demand TMS is a transportation management system designed to help companies seeking ways to leverage their transportation process as a means of improving supply chain efficiencies. On-Demand […]
February 2, 2011
Business
Thomas Built Institute updates bus maintenance skills
Thomas Built Buses offers bus technicians the Thomas Built Institute as a way to complement school bus maintenance programs. “Ever-changing technology, EPA standards and safety regulations are tough to keep up with,” says Mike Stotler, service education manager for Thomas Built Buses. “The annual Thomas Built Institute here in High Point (N.C.) offers school bus […]
February 2, 2011
Business
Xata 1Q results: margins rise, net loss shrinks
Xata Corporation reported results for its first quarter fiscal year 2011 period ended December 31, 2010. Total revenue was $14.0 million for the quarter ended December 31, 2010, compared to $17.5 million for the same period of fiscal 2010. Net loss to common shareholders was $0.1 million, compared to $1.7 million for the same period […]
February 2, 2011
Business
Year-over-year NAFTA trade up 15.5% in November
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 15.5 percent higher in November 2010 than in November 2009, reaching $68.1 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. BTS, a part of the Research and Innovative Technology […]
February 1, 2011
Business
FTR’s Trucking Condition Index hits new high
FTR’s Trucking Condition Index rose to 7.1 in December, the highest level yet recorded during the current recovery, FTR said Tuesday, Feb. 1. The TCI reflects tightening conditions for hauling capacity. According to FTR, current conditions and strong prospects going forward are expected to raise this index steadily – possibly to a new record in […]
February 1, 2011
Business
Fleet Sentiment Report Buying Index surges to new highs
The Q1 2011 Fleet Sentiment Report Buying Index as reported by CK Commercial Vehicle Research on Tuesday, Feb. 1, rose to a new high of 102.3. The FSR Buying Index (Q1 2008 = 100) is a simple measure of planned buying behavior of for-hire, private and government fleets responding to CKCVR’s Fleet Sentiment quarterly questionnaire. […]
February 1, 2011
Business
UPS expects record year in 2011
UPS on Tuesday, Feb. 1, announced adjusted diluted earnings per share of $1.08 for the fourth quarter of 2010, a 44 percent improvement over the prior-year period. Global revenue grew 8.4 percent, generating $1.8 billion in adjusted operating profit, a 40 percent increase. On a reported basis, diluted earnings per share totaled $1.11, a 48 […]
February 1, 2011
Business
Landstar reports higher 4Q profit
Landstar System Inc. on Tuesday, Feb. 1, reported 2010 fourth-quarter net income of $24.1 million compared to net income of $18.6 million for the 2009 fourth quarter. Revenue was $587.5 million compared to $547.7 million. Truck transportation revenue hauled by independent business capacity owners and truck brokerage carriers was $537.6 million, or 91 percent of […]
February 1, 2011
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