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Two Transport Firms, Truck Dealer Report Lower Second-Quarter Profits
2015-07-22 09:42:40| Logistics - Topix.net
Intermodal specialist Hub Group Inc. reported net income fell less than 1% to $18.5 million, or 51 cents per share, as revenue also was little changed, rising 1% to $900 million. Forward Air Corp. net income dropped 31% to $11.8 million, or 38 cents, because of costs to implement the acquisition of rival Towne Air.
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Lower age for truckers? North Jersey weighs in
2015-07-22 08:49:42| Trucking - Topix.net
The trucking industry in New Jersey, like the rest of the country, is struggling to attract younger drivers to replace aging truckers, and some in the industry are hoping legislation to lower the interstate driving age can help ease the looming driver shortage. A federal bill introduced this month by Republican senators seeks to lower the age requirement of commercial drivers traveling between states to 18 from 21. By dropping the driving age, companies can draw younger talent that often migrates into competing fields with less stringent age requirements, such as construction.
Asian markets follow Wall Street lower
2015-07-22 03:59:24| BBC News | Business | UK Edition
Stock markets across Asia are in negative territory on Wednesday, following declines on Wall Street overnight.
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Verizon to see lower sales amid pressure from smaller rivals
2015-07-21 23:26:27| Wireless - Topix.net
Verizon Communications Inc., the largest U.S. wireless carrier, lowered its sales forecast for the year as the battle with smaller rivals over price cuts and promotions takes a toll. Revenue for 2015 will be at least 3 percent, Verizon said in a statement Tuesday.
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US stocks move lower after several companies including IBM report disappointing results
2015-07-21 21:44:38| Telecom - Topix.net
Weak results from IBM, Verizon, United Technologies and other companies weighed on U.S. stocks Tuesday morning, sending major indexes lower. Apple and Microsoft are among the other big-name companies reporting earnings later in the day.
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