Universal Logistics Holdings Inc., a Warren, Mich., truckload carrier, said the company set a record for total operating revenue in the second quarter, reaching $366 million compared with $305 million in 2017.
Author: Transport Topics
Stemco Names Eric Vaillancourt President
Stemco announced it hired Eric Vaillancourt as its new president.
USA Truck Reports 23% Rise in Revenue
USA Truck reported second-quarter net income of $2.5 million, or 31 cents per share, compared with a net loss of $2.8 million, or a minus 35 cents a share loss, in the second quarter of 2017. Operating revenue came in at $135.4 million, up more than 23…
New CNG Station Opens in Central Virginia
American Natural Gas announced it opened a fast-fill compressed natural gas station in Lynchburg, Va. The facility will primarily serve CNG tractor-trailers operated from a nearby plant of PepsiCo Inc.’s Frito-Lay division, but it will also be open to the public.
Echo Global Logistics Income, Revenue Jump
Echo Global Logistics reported record second-quarter net income of $7.7 million from a loss of $200,000 in the second quarter of 2017. The Chicago-based third-party logistics company reported earnings per share of 28 cents, up from a loss of minus 1 ce…
Cummins Marks Milestone With 2 Millionth Engine
Cummins Inc. announced the production of its 2 millionth engine, an X15, at the Jamestown (N.Y.) Engine Plant.
Bosselman Adds Bandag Retreads
Bosselman Boss Truck Shops Inc. announced it has partnered with Bandag, a business unit of Bridgestone Americas Inc., to provide Bandag retreads at all Boss Truck Shops locations.
Wabco Opens First North American Customer Care Center
Commercial vehicle supplier Wabco Holdings Inc. opened its first North America Customer Care Center, providing full support for the portfolio of Wabco products sold in the region.
Love’s Expands in Kansas
Love’s Travel Stops & Country Stores opened a travel stop in Abilene, Kan., at exit 272 along Interstate 70. The site includes 74 truck-parking spots, five showers, laundry facilities and a Love’s Truck Tire Care center.
Editorial: Turning Wheels and Trade Deals
It’s quarterly earnings season, a time of year when the Transport Topics business reporting team is immersed in revenue figures and profit-and-loss numbers. These financial releases provide perspective on how the industry is doing. Based on the numbers for the second quarter, the industry is doing pretty well.