The temperature-sensitive truckload carrier posted earnings per share of $0.26 per share, exceeding the street consensus and Stifel’s estimate of $0.25 per share.
ATA: Truck tonnage index comes back down in June
The seasonally adjusted For-Hire Truck Tonnage Index equaled 137.2 for the month, down 1.5 percent from May but up 2.1 percent compared with June 2015, following a 2.9 percent increase the previous month, according to the American Trucking Associations.
North American freight market ticks up in June
Shipment volumes and expenditures both increased compared with the previous month after three months of lackluster performance, but still remained well below 2015 levels, according to the latest Cass Freight Index Report.
KCS continues to grow earnings despite sliding revenues
Kansas City Southern’s net income grew 6.7 percent to $120 million in the second quarter of 2016 on revenues that slipped 3 percent compared to the previous year, according to the company’s most recent financial statements.
EC slaps truck manufacturers with record cartel fines
The European Commission handed down fines totaling 2.93 billion euros (U.S. $3.32 billion) to five truck makers for colluding on prices and passing on costs associated with emissions compliance, the EU anti-trust watchdog said in a statement.
BIS warns of possible export counseling query delays
The U.S. Commerce Department’s Bureau of Industry and Security advised exporters on Wednesday that they should expect delays with their export counseling desk queries by telephone and email through Friday, July 22.
Ocean Alliance contemplates deployment of 18,000-TEU ships
The vessel sharing alliance, which expects to launch in April 2017, is contemplating initially deploying up to 175 container vessels in U.S. trades, according to a Federal Maritime Commission filing.
U.S. DOT names new members to marine advisory committee
The U.S. Department of Transportation announced the appointment of 29 new members to the Marine Transportation System National Advisory Committee.
U.S. steps up WTO challenge of China export restraints
The U.S. government on Monday expanded its list of raw materials that it said China unfairly controls from global industry through export duties in a recent challenge lodged with the World Trade Organization.
CSX drastically strengthens presence in North Carolina
The Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the Port of Wilmington and Charlotte.