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Business: Page 831
Business
Old Dominion scores highest revenue ever in 1Q
Old Dominion Freight Line Inc. on Thursday, April 26, announced revenue for the first quarter ended March 31, increased 17.6 percent to $497.1 million from $422.7 million for the first quarter of 2011. Net income was $31.1 million, an increase of 44.1 percent from $21.6 million. The Thomasville, N.C.-based company’s operating ratio improved to 89.1 […]
April 26, 2012
Business
Landstar’s record 1Q ‘a great start to a very exciting year’
Landstar System Inc. on Thursday, April 26, reported 2012 first-quarter net income of $26.8 million compared to net income of $20.6 million for the 2011 first quarter. Operating margin was 40.8 percent compared to 35.4 percent, and revenue was a first-quarter record of $649.0 million compared to $572.0 million. Truck transportation revenue hauled by the […]
April 26, 2012
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Business
UPS reports higher 1Q profit
UPS on Thursday, April 26, announced first-quarter 2012 net profit rose to $970 million from $915 million a year ago. Total revenue rose 4.4 percent to $13.14 billion from $12.58 billion. Operating profit for the U.S. Domestic and Supply Chain and Freight segments increased 13 percent and 19 percent, respectively. “These results demonstrate that UPS […]
April 26, 2012
Business
Pacer posts $0.3M 1Q loss
Pacer International Inc., an asset-light North American freight transportation and logistics services provider, on Thursday, April 26, reported total revenue for the first quarter ended March 31 decreased by 3.5 percent to $345.9 million. Income from operations decreased by $3.9 million due mainly to lower income in the logistics segment, and net income decreased $2.3 […]
April 26, 2012
Business
Echo Global says 1Q net income up 42.9%
Echo Global Logistics Inc. on Thursday, April 26, reported total revenue for the quarter ended March 31 was $168.6 million, an increase of 30.2 percent from the first quarter of 2011. Operating income totaled $5.0 million, an increase of 44.5 percent. The Chicago-based company’s operating margin was 15.4 percent, up 176 bps. Net income increased […]
April 26, 2012
Business
California trucking group slams CARB fuel policies
The California Trucking Association released a study that shows significant job losses directly attributable to the California Air Resources Board’s fuel policies. Goods movement and agriculture sectors especially will be hard hit if the policies are allowed to go into effect as currently designed, CTA says. CTA says the report, titled “The Impact of the […]
April 26, 2012
Business
Fleets focused on fuel economy, going green, PHH Arval survey shows
Recently unveiled at the inaugural PHH Arval Telecommunications and Utility Conference, a new company survey shows that fleet managers are focused primarily on fuel economy and green initiatives. “PHH Arval understands that the telecommunication and utility industries are going through dynamic times,” says George Kilroy, chief executive officer and president of PHH Arval. “This new […]
April 26, 2012
Business
Parts manufacturers hail decision to delay NLRB posting rule
The Motor & Equipment Manufacturers Association this week applauded the April 17 decision by the U.S. Court of Appeals for the District of Columbia to grant an injunction in the case brought by the National Association of Manufacturers against the National Labor Relations Board challenging the board’s rule that would require employers to post a […]
April 26, 2012
Business
Port of Tacoma reveals strategic plan for 2012, goals for next decade
The Port of Tacoma this week announced its 2012 strategic plan, which the completion of State Route 167 to benefit both freight and commuters; enhancing connections to Interstate 5; moving toward zero-emissions technologies at cargo terminals; and expanding rail capacity. The port’s plan also includes 10 targets it wants to achieve within the next 10 […]
April 26, 2012
Business
Omaha Truck Center purchases Isuzu franchise
Omaha Truck Center Inc. announced that it has purchased the Isuzu truck franchise from Performance Isuzu Truck and will begin selling and servicing Isuzu trucks throughout Nebraska; terms were not disclosed. OTC Inc. will begin business as Nebraska Isuzu Truck at the 108th and L Streets location in Omaha. “Purchasing the Isuzu franchise for Nebraska […]
April 26, 2012
Business
Kustom Cooling touts all-aluminum Freightliner Cascadia Radiator
Kustom Cooling’s all-aluminum Freightliner Cascadia Radiator uses the company’s proprietary “Wavy Fin” design set in a bar-and-plate configuration for added performance, durability and reliability. The design helps prevent clogging of the cores due to road debris since there are no catch points; the fin is smooth from front to back and less susceptible to bending […]
April 26, 2012
Business
Snap-on sockets designed for hard-to-reach areas
Snap-on’s 3/8-inch Drive 6-Point Swivel Ball Extension Sockets are designed to allow technicians to use only one tool instead of three different ones to reach areas on a vehicle where a socket and extension will not fit. Nine inches in length, the sockets are suited for removing and installing transmission bolts and starter bolts and […]
April 26, 2012
Business
Colson adds brake option to swivel caster line
Colson Caster has added a brake option to its economical Encore Dolly swivel caster line. Crafted to move dollies, food service carts and stock carts easily and silently, the Total Lock Brake is formed with a durable zinc-plated finish and locks both the wheel and swivel simultaneously when engaged by foot action.
April 26, 2012
Business
Risner succeeds Lasky as Accuride chairman
Accuride Corp. announce that William Lasky has stepped down as chairman of the company’s board of directors. Accuride announced last month Lasky’s decision not to seek re-election following the conclusion of his term. His departure concludes more than 3½ years of service to Accuride. Accuride’s board has elected John Risner, its lead independent director, as […]
April 26, 2012
Business
Mack recognizes dealers
Mack Trucks has named TransEdge Truck Center of Pittsburgh its 2011 North American Distributor of the Year. The annual award recognizes the top-performing distributors within Mack’s North American dealer network. Selection criteria include sales, facilities, personnel, service, parts, general management, customer satisfaction and community service. TransEdge owners Bob and Judy Dwyer opened the Pittsburgh location […]
April 26, 2012
Business
P.A.M. Transportation swings to 1Q profit
P.A.M. Transportation Services Inc. on Wednesday, April 25, reported net income of $674,193 for the quarter ended March 31 compared to a net loss of $1.98 million for the same quarter in 2011. Operating revenues were $96.16 million, a 13.1 percent increase compared to $85.03 million. “We are very pleased to report positive earnings for […]
April 25, 2012
Business
Knight reports higher 1Q net income
Knight Transportation on Wednesday, April 25, reported total revenue for the first quarter ended March 31 increased 17.7 percent to $219.5 million from $186.5 million in the first quarter in 2011. Revenue before fuel surcharge increased 16.7 percent to $175.6 million from $150.5 million. Net income increased to $10.5 million from $9.9 million; excluding a […]
April 25, 2012
Business
Covenant posts smaller 1Q net loss
Covenant Transportation Group on Wednesday, April 25, announced freight revenue of $121.9 million for the quarter ended March 31, a decrease of 2.0 percent compared with the first quarter of 2011; operating income of $2.4 million and an operating ratio of 98.1 percent compared with operating income of $0.3 million and an operating ratio of […]
April 25, 2012
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