Union Pacific Corp. said Thursday its second-quarter profit rose 28% to $1 billion, or $2.10 a share, from $785 million, or $1.59, a year ago.
July 19, 2012Business, Logistics
Leasing Venture Offers 16,000 Trailers
Trailer Leasing Alliance LLC, Wayne, Pa., said it has launched full-service trailer leasing operations with 16,000 late-model 53-foot trailers.
August 15, 2012Business, Logistics
Trailer Orders Creep Upward as Backlogs Continue to Grow
New trailer orders edged up 1.3% to 13,615 in June from a year ago, ACT Research said, with most manufacturers continuing to report healthy backlogs.
August 6, 2012Business, Logistics
Wabash National Posts 2Q Profit as Trailer Shipments Rise
Wabash National Corp.’s second-quarter income slipped from a year ago on acquisition costs, but the company’s trailer sales rose.
August 1, 2012Business, Logistics
Norfolk Southern’s 2Q Profit Drops
Norfolk Southern Corp. said its second-quarter profit dropped 6%, but income from railway operations rose 7% to $934 million.
July 25, 2012Business, Logistics
Battle Over Rail System Expected to Be Fierce, When Current Authorization Expires in 2013
In March, when the Senate passed its transportation reauthorization bill by a wide margin, the measure addressed the nation’s total surface transportation system.
July 23, 2012Business, Logistics
Union Pacific’s 2Q Earnings Rise 28%
Business, Logistics
GE Capital Sells Last 27,000 U.S. Trailers from TIP Fleet to Trio of Companies
Investor Wood Creek Capital Management, along with Bowman Sales and Equipment Inc. and Milestone Trailer Leasing, last week bought 27,000 U.S.-based trailers from GE Capital, continuing the transformation of the highway leasing market.
July 16, 2012Business, Logistics
May Trailer Orders Drop 19.7%; OEMs Say Backlogs Still Strong
New trailer orders fell 19.7% to 14,199 in May from a year earlier, ACT Research reported, but trailer manufacturers said backlogs remain strong and suggested that fleets soon will need to upgrade equipment.
July 2, 2012Business, Logistics
Canadian Pacific Resumes Operations as Strike Ends
Canadian Pacific Railway resumed operations Friday morning after a week-long strike, Reuters reported.
June 1, 2012Business, Logistics
CP Railroad Strike Likely to Continue Through Friday
A strike at Canadian Pacific Railway will continue at least until Friday, due to passage by Canada’s opposition Liberal party to delay passage of back-to-work legislation, Reuters reported.
May 30, 2012