Tag: Road Transport

CNF earnings plunge

Posted by | Apr 18, 2001 | |

CNF Inc. said its earnings dropped 60% to $13.5 million, or 26 cents a share, in the first quarter as the economic slowdown took a toll on all of its businesses. The Palo Alto, Calif.-based transportation conglomerate earned $33.4 million, or 62 cents a share, in the first quarter of 2000, which included the effects of an accounting change.

CNF also warned that the present trends are likely to continue in the second quarter, with Emery Worldwide, its airfreight subsidiary, expected to post a larger operating loss, and Con-Way Transportation Services, its regional less-than-truckload business, likely to show a drop in earnings.

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Roadferry adds value

Posted by | Apr 12, 2001 | |

Roadferry, the second largest haulier on the Scotland-Ireland route, has strengthened its position with the acquisition of the Palletline and groupage services of Sandy Bruce Trucking (SBT).

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The RH Group reported record results for the year 2000

Posted by | Apr 9, 2001 | |

The RH Group, based in Nottingham (Great Britain) and specialized on international transports and logistics, reported record results for the year 2000 despite a difficult economic environment. Profit before taxes climbed from GBP 1.1 to 1.5 million. Turnover rose from 43.8 to 46.6 million

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