Transport Topics
Saia Profits Grow in 4th Quarter, Full-Year 2017
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Profits at Saia Inc. nearly quintupled in the fourth quarter due to the Tax Cuts and Jobs Act, but the less-than-truckload carrier grew top- and bottom-line results in 2017 even without the one-time tax benefit.
Consumer Sentiment Tops Estimates on Jobs, Income Outlook
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U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Feb. 2.
Ex-President of Pilot Flying J Won’t Testify or Summon Witnesses in Ongoing Fraud Trial
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As federal prosecutors wrapped up their case against him Jan. 31, former Pilot Flying J President Mark Hazelwood opted not to testify or present witnesses on his own behalf.
YRC Worldwide Loses $7.5 Million in 4Q 2017
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Less-than-truckload carrier YRC Worldwide reported Feb. 1 a fourth-quarter net loss of $7.5 million, the same loss amount reported in the fourth quarter a year ago. Analysts surveyed by Bloomberg News had expected earnings per share of 10 cents. Operating income in 2017’s fourth quarter was $11.3 million compared with $14.9 million a year ago. Revenues in this year’s quarter were $1.2 billion, up from $1.1 billion.
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