Entries for October 2017

Saia Overcomes Hurricanes Harvey and Irma to Post 4.2% Profit in 3Q

Dave Manning Brings Work Ethic, Diplomacy to Role as ATA Chairman

NASHVILLE, Tenn. — People who know him say Dave Manning works hard, is extremely disciplined and comfortable with detail, eager to teach and a man who knows his mind yet appreciates the value of a mutually beneficial deal. Now he has the biggest platform of his life to put those qualities to use as the newly installed chairman of American Trucking Associations.

Safety of Truckers Must Be Priority for FMCSA Nominee, Sen. Cory Booker Says

The top Democrat on the Senate subcommittee dealing with trucking affairs wants the nominee to lead the Federal Motor Carrier Safety Administration to share his commitment to ensuring the safety of truck drivers on the country’s highways.

TFI Income Falls Despite Revenue Rise

Montreal-based truckload carrier TFI International Inc. reported third quarter net income of C$48.8 million, down nearly 9% from $53.5 million in the same period a year ago.

Universal Logistics Holdings Reports First Loss Since Going Public in 2006

One week after Universal Logistics Holdings Inc. warned investors to expect a sizable hit to earnings due to a court case, the carrier announced a net loss for the first time since becoming a publicly traded company in late 2006.

Tennessee, TCW Showed Resolve After Historic Flooding in 2010

NASHVILLE, Tenn. — As the Cumberland River flows westward through Music City toward the Ohio River, it usually is a shimmering, soothing companion to many of the city’s historic and tourist sites, but in early May 2010 it was anything but that.

US Consumer Sentiment Rises to Highest Since Early 2004

Consumer sentiment climbed in October to the highest level since the start of 2004 as households grew upbeat about the outlook for the U.S. economy, a University of Michigan survey showed Oct. 27.

US Growth at Above-Forecast 3% on Consumers and Businesses

The U.S. economy expanded at a faster pace than forecast in the third quarter, indicating resilient demand from consumers and businesses even with the hit from hurricanes Harvey and Irma, Commerce Department data showed Oct. 27.

Hub Group Beats Estimates, Generates $1 Billion In Quarterly Revenue

Hub Group turned in better-than-expected results in the third quarter, with revenue topping $1 billion for the first time and beating analysts’ profit projections, although net income was down compared with the same period a year ago.

Consumer Comfort Little Changed; Partisan Divide Widens

Americans’ confidence held steady last week, remaining near the highest level of the expansion, as faith in the buying climate improved while views on the economy deteriorated, Bloomberg Consumer Comfort Index figures showed Oct. 26.