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Trucking company and logistics parent Con-way Inc. has reported second-quarter net income of $53.7 million, or 93 cents per diluted share. This compares to second-quarter 2013 net income of $42.9 million, or 75 cents per diluted share.
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Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
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“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.
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The asset-light trucking and logistics service provider, Roadrunner Transportation Systems, has reported a small increase in its second quarter profit while revenue gained 36.6%.
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CRST International’s Board Chairman John Smith and President and CEO, Dave Rusch, broke ground on the former First Street Parkade site for the new $37 million world headquarters in downtown Cedar Rapids, Iowa.
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Congress is inching ever closer to the edge of insolvency for the Highway Trust Fund. On Thursday afternoon the House rejected the Senate’s bill to patch the Fund into December and sent its original bill back to the upper chamber.
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YRC Worldwide Inc. cut it second quarter net loss to $4.9 million, or 16 cents per share, from $15.1 million, or $1.72 per share, from the same time a year ago.
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The Senate Thursday night approved a $10.8 billion House bill to keep the Highway Trust Fund solvent through next May. This ensures that highway funding will continue for the next 10 months.
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The U.S. economy surged in the second quarter of the year, bouncing back from its worst performance in five years, according to new U.S. Commerce Department figures.
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Less-than-truckload carrier Saia reported a slight increase in profit during the second quarter of the year as revenue also moved higher.
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