Cargo volumes a mixed bag for Gulf Coast ports in June

Container flow in June slipped in Houston, while the global demand for crude oil continued to fuel the flow through Corpus Christi. The Port of New Orleans reported plastic resins, chemicals and coffee as their top containerized cargo during the month. Steel cargo continues to boost Port Houston volumes Port Houston handled 315,983 twenty-foot equivalent…

Wabash reports record Q2 earnings

Trailer and body builder Wabash reported record second-quarter earnings despite lower trailer deliveries and only a modest increase in truck body deliveries. Highlights included: Quarterly revenue of $686.6 million versus $642.7 million a year ago. Record operating income of $103 million with an operating margin of 15% on strong material margin and favorable product mix….