Monthly Archives: July 2012

Landstar Reports Record 2Q Earnings

FLEETS "<!--Landstar Reports Record 2Q Earnings "><!--Universal Truckload Services to Acquire LINC Logistics Company "><!--Old Dominion's 78-Year History Showcased in Corporate Biography ECONOMY "><!--ATA Truck Tonnage Jumped 1.2% in June "><!--Durable Goods Orders, Shipments Up, but Plane Orders Skew Numbers "><!--Class 8 Orders Weak in June; Classes 5-7 Consistent INDUSTRY "<!--FleetPride Acquires Midwest Brake & [...]

Celadon’s Profit Jumps for 4Q, Fiscal Year

7/30/2012 4:45:00 PM Write a Letter to the Editor Tweet Print This   Tom Biery/Trans PixsCeladon Group said late Monday its fiscal fourth-quarter and full-year profit jumped on higher freight revenue. Net income for the quarter ended June 30 rose to $9 million, or 39 cents per share, from $5.5 million, or 24 cents, a [...]

Tire Casing Cost Recovery

Tire mileage turned to dust: Tread scrubbing machines remove all traces of old tread to sculpt the casing for the new tread. By Jim Park, Equipment Editor Think of a tire casing as a foundation. It's the foundation of the whole tire, but also the foundation of a successful tire-cost management program. When measuring tire [...]

Echo Global Logistics’ 2Q Income Rises

7/27/2012 9:00:00 AM Write a Letter to the Editor Tweet Print This   Echo Global Logistics said its second-quarter profit rose as revenue climbed. The company also announced the acquisition of Shipper Direct Logistics Inc., a truckload transportation brokerage firm based in Nashville. Terms were not disclosed. In the prior 12 months, Shipper Direct had approximately [...]

Durable Goods Orders, Shipments Up, but Plane Orders Skew Numbers

Durable goods orders rose more than expected last month, by 1.6%, but it was largely due to a surge in aircraft orders. These long-lasting manufactured products, such as washers and dryers, toasters and aircraft, make up a major source of trucking freight. New orders for manufactured durable goods in June increased $3.4 billion to $221.6 [...]

Oshkosh 3rd Qtr Income Rises to $75.7 Million

7/27/2012 9:15:00 AM Write a Letter to the Editor Tweet Print This   Oshkosh Corp. said higher defense sales pushed its fiscal 2012 third quarter income to $75.7 million compared with $68.4 million reported in the year ago period. The specialty and military truck maker said earnings per share rose to 82 cents from 75 [...]

Industry Sets New Biodiesel Standards

Standards-testing authority ASTM has a new voluntary standard for biodiesel, designed to meet the needs of customers using ultra-low-sulfur diesel and new diesel engine and after-treatment technology. A new voluntary No. 1-B grade for biodiesel (B100) passed the ASTM D2 Committee on Petroleum Products and Lubricants this past spring and the results were sanctioned by [...]

U.S. Economy Grows at 1.5% Pace in Second Quarter

7/27/2012 9:30:00 AM Write a Letter to the Editor Tweet Print This   The U.S. economy grew at a 1.5% annual rate in the second quarter as consumers trimmed spending, the Commerce Department reported Friday. Commerce also said in its report on gross domestic product, the value of all goods and services produced, that the [...]

ATA Truck Tonnage Jumped 1.2% in June

The American Trucking Associations' June tonnage index had its largest month-to-month gain so far this year, thanks to a larger-than-estimated loss the previous month. Tonnage is still up year over year. The advanced seasonally adjusted For-Hire Truck Tonnage Index rose 1.2% in June after falling 1.0% in May. May's loss was larger than the 0.7% [...]

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