Transport Topics
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YRC Worldwide announced a net loss of $14.6 million in the first quarter, yet the result marked a nearly $11 million improvement when compared with the year-ago period, when it lost $25.3 million, the less-than-truckload carrier announced May 3.
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Rising prices at the gas pump helped drive U.S. household sentiment to a seven-week low at the end of April, the Bloomberg Consumer Comfort Index showed May 3.
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Eaton Corp. reported May 1 that first-quarter net income was $488 million, up 12% or $1.10 per share, which compares with $435 million or $0.96 per share for the first quarter of 2017, according to the Dublin-based power management company.
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Parts supplier Meritor Inc. had a busy week, attending the Advanced Clean Transportation Expo in Long Beach, Calif., releasing quarterly results, buying a manufacturing company and announcing a collaboration with major truck manufacturer Peterbilt.
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