Transport Topics
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DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.
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Rush Enterprises Inc., the only publicly traded network of commercial vehicle dealerships in North America, announced a new stock repurchase program of up to $150 million of its shares of common stock.
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For-hire carrier ArcBest on Nov. 1 reported its third-quarter net income was $40.8 million, or $1.58 per share, on revenue of $826.2 million. That compares with 2017’s net income of $14.8 million, or 57 cents a share, on revenue of $744.3 million.
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New chairman Barry Pottle: ATA has been criticized from the outside for catering to larger companies — but those of us on the inside, those of us who have rolled up our sleeves and gotten involved and gotten to work solving big issues, we know better. ATA speaks for our entire industry, but that voice is only as powerful as those who choose to join the chorus.
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