Canadian bulk carrier Trimac Transportation announced Thursday the acquisition of American Industrial Partners (AIP) Logistics. Ohio-based AIP provides bulk transportation and warehousing services for plastics and chemicals companies out of a 52-acre site in Wapakoneta, Ohio, that includes 450,000 square feet of storage. The location provides indoor rail access for transloading and moving cargoes to…
Hub Group reported first-quarter earnings per share of $1.88, 5 cents better than the analyst estimate of $1.83. But revenue for the quarter came in at $1.2 billion, versus the consensus estimate of $1.23 billion. “The market has shifted from this time last year, capacity is loose, customers are more fluid, rail services are improving,…
Amazon.com Inc. (NASDAQ: AMZN) shares fell back 2% in after-hours trading after spiking 10% following the company posting a 9% first-quarter gain in revenue and an 11% gain in North American sales. Net sales increased to $127.4 billion in the first quarter, compared with $116.4 billion in the first quarter of 2022 and about $3…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves Classics delves into many topics in transportation and freight history — topics that have been subjects of substantial research. Historians, authors, museum curators and other experts help bring life to many stories of the past — the…
As a Peterbilt dealer, Rush Enterprises helped its own business and the Paccar brand with blowout sales of truck parts in the first quarter. The nation’s largest commercial truck dealership network reported first-quarter revenues of $1.91 billion compared to $1.56 billion a year ago. Net income of $90.5 million fell slightly below $92.5 million a…