a worry@ (Adds details on acquisition, taxes) NEW YORK, April 25 (Reuters) - Knight-Swift Transportation Holdings Inc posted a higher quarterly net profit on Wednesday, citing higher charges for the freight it carries and strong volumes, but warned it was struggling to hire and retain enough drivers. North America's largest truckload carrier said freight demand…
Posts published in April 2018
(Recasts with share growth; adds CEO comments, paragraph 4) April 25 (Reuters) - Shares in Norfolk Southern Corp rose about 5 percent in early trading on Wednesday after the fourth-largest U.S. railroad reported a 27 percent increase in year-over-year quarterly net profit and topped revenue forecasts. The Norfolk, Virginia-based railroad, with a network that spans…
Rail-car orders were up 115 percent in the first quarter compared with the same 2017 period, according to ARCI data. Photo – CSX Rail-car orders in the first quarter totaled 10,348 units compared with 8,501 units in fourth-quarter 2017 and 4,814 units in first-quarter 2017, according to quarterly statistics released yesterday by the Railway Supply…
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Eurostar selects Sqills distribution and reservation software 01 Apr 2018 EUROPE: Dutch ticketing software company Sqills is providing its S3 Passenger sales, distribution and reservation suite for international high speed train operator Eurostar. ‘As Eurostar grows beyond 10 million passengers per year and we expand our reach further into Europe, having a flexible reservation system…
CSX easily topped Wall Street forecasts for first-quarter profit. The No. 3 U.S. railroad operator benefited from a cut-throat efficiency and cost-cutting drive The results sent its shares 5 percent higher on Tuesday. Jodi Gralnick | CNBC A shipping container is loaded onto a flatbed at the CSX Intermodal Terminal in North Baltimore, Ohio. CSX…
(Adds background on turnaround plan, analyst and CEO quotes) April 17 (Reuters) - CSX Corp easily topped Wall Street forecasts for first-quarter profit as the No. 3 U.S. railroad operator benefited from a cut-throat efficiency and cost-cutting drive, sending its shares 5 percent higher on Tuesday. CSX has been cutting jobs and the number of…
(Adds details on rising costs) April 20 (Reuters) - Kansas City Southern, a regional U.S. railroad with extensive operations in Mexico, reported lower-than expected quarterly revenue on Friday despite a 1 percent overall increase in rail volumes. The Kansas City, Missouri-based company said its revenue gains in consumer goods, automotive and petroleum products were partially…
(Adds analyst comment, reaction from crude oil companies) MONTREAL/VANCOUVER April 20 (Reuters) - Canada's biggest rail union said no progress had been made in negotiations on Friday with Canadian Pacific Railway Ltd to reach a deal before a Saturday deadline as worries about a potential strike weighed on the country's crude oil prices. If the…
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