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Ground Freight & Logistics

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CSX Corp announces Q2 earnings per share $0.55

Tuesday, 18 Jul 2017 04:02pm EDT

July 18 (Reuters) - CSX Corp :CSX Corporation announces second quarter earnings and increase in share repurchase program.Q2 earnings per share $0.55.Q2 revenue rose 8 percent.Q2 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.64 excluding items.Board authorized an additional $500 million for current share repurchase program, which now totals $1.5 billion.CSX Corp - Is currently evaluating its cash deployment strategy with respect to capital structure and shareholder distributions.CSX Corp - Adjusting for restructuring charges, CSX continues to expect a full-year operating ratio in mid-60s.CSX Corp - ‍Incurred a $122 million restructuring charge in this year's Q2 results​.CSX - Adjusting for restructuring charges, CSX continues to expect FY earnings per share growth of around 25 percent off 2016 reported base of $1.81.CSX Corp - Adjusting for restructuring charges, csx continues to expect to drive a full-year operating ratio in mid-60s.CSX Corp - ‍Adjusting for restructuring charges, CSX continues to expect to drive a full-year free cash flow before dividends of around $1.5 billion​.CSX Corp - Revenue for Q2 increased 8 percent when compared to previous year.

Northgate posts FY pretax profit 72.2 million stg

Tuesday, 27 Jun 2017 02:00am EDT

June 27 (Reuters) - Northgate Plc ::FY pretax profit 72.2 million stg versus 77.6 million stg year ago.Final dividend 11.6 penceper share.Total dividend up 8 percent to 17.3 penceper share.FY revenue rose 7.9 percent to 667.4 million stg.£5.7m adverse impact from previous changes in vehicle depreciation rates; £5.2m benefit of foreign exchange across year.Performance of UK business was, however, disappointing with profits impacted by a reduction in vehicles on hire over second half of year.Full appraisal has been undertaken and several corrective actions have been implemented.Current year has started encouragingly, with some exciting prospects in pipeline.

Hub Group to acquire Estenson Logistics

Thursday, 25 May 2017 05:03pm EDT

May 25 (Reuters) - Hub Group Inc :Hub group announces the acquisition of estenson logistics.Hub group announces the acquisition of estenson logistics.Hub group inc - deal for ‍approximately $306 million​.Hub group inc - deal for $306 million.Hub group inc - deal accretive to earnings in 2017.Hub group inc- following closing of transaction, business will be named hub group dedicated services and will operate as part of hub group trucking.Transaction represents an enterprise value of approximately $289 million.Hub group inc - excluding this amount, transaction represents an enterprise value of approximately $289 million.Hub group - transaction will be financed with combination of cash, an assumption of estenson's secured equipment notes, borrowings under a new credit facility.Says company's leadership team, including tim estenson, ceo, will continue in their current roles.Hub group inc - transaction consideration of approximately $306 million includes approximately $17 million related to recent equipment investments.Says hub group dedicated services will be headquartered in mesa, arizona.Hub group inc- believe that cross-selling opportunities are in excess of $100 million in next five years.Hub-Portion of deal consideration to consist of option for seller to get up to $6 million in event certain ebitda targets are met for 2 yrs following deal.Hub group inc - ‍co's subsidiary, hub group trucking, inc., has entered into an agreement to acquire business of estenson logistics, llc​.

Enshu Truck to dissolve Shizuoka-based subsidiary

Friday, 12 May 2017 01:43am EDT

May 12 (Reuters) - Enshu Truck Co Ltd <9057.T>:* Says it will dissolve Shizuoka-based subsidiary, which is engaged in transportation and warehousing business, on Aug. 30.

Chuo Warehouse to merge with wholly owned unit

Thursday, 11 May 2017 03:15am EDT

May 11 (Reuters) - Chuo Warehouse Co Ltd <9319.T>: :* Says it will merge with its wholly owned unit, which has been engaged in the assurance business in Kyoto, Japan .* Says the company will be the surviving company and the unit will be dissolved .* Effective date Oct. 1.

Bomi Italia SpA approves business plan "Stand-alone" 2017-2019

Tuesday, 9 May 2017 02:48am EDT

May 9 (Reuters) - BOMI ITALIA SPA ::SAID ON MONDAY IT APPROVED BUSINESS PLAN "STAND-ALONE" 2017-2019.SEES 2017 REVENUE AT ABOUT 120 MILLION EUROS AND EBITDA OVER 10.5 MILLION EUROS.SEES 2018 REVENUE AT ABOUT 130 MILLION EUROS AND EBITDA OVER 12.6 MILLION EUROS.SEES 2019 REVENUE AT ABOUT 140 MILLION EUROS AND EBITDA OVER 13.8 MILLION EUROS.

Genesee & Wyoming reports Q1 earnings per share $0.42

Tuesday, 2 May 2017 06:00am EDT

May 2 (Reuters) - Genesee & Wyoming Inc -:Genesee & Wyoming reports results for the first quarter of 2017.Q1 revenue $519.1 million versus i/b/e/s view $517.9 million.Q1 adjusted earnings per share $0.53.Q1 earnings per share $0.42.As we look to remainder of 2017, overall view of business trends in g&w markets is unchanged.In north america, continue to see modest carload growth with several customer projects starting up later in year.Q1 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.

Union Pacific Q1 EPS $1.32

Thursday, 27 Apr 2017 08:00am EDT

April 27 (Reuters) - Union Pacific Corp :Union pacific reports first quarter 2017 results.Q1 earnings per share $1.32.Q1 revenue rose 6 percent to $5.1 billion.Union pacific corp - q1 business volumes, as measured by total revenue carloads, increased 2 percent compared to 2016.Union pacific corp - quarterly freight revenue improved 6 percent compared to q1 2016.Q1 earnings per share view $1.23, revenue view $5.04 billion -- Thomson Reuters I/B/E/S.Union pacific corp - union pacific's qtrly 65.1 percent operating ratio was flat compared to q1 2016.Union pacific corp - higher fuel prices negatively impacted operating ratio by about 1.3 points in quarter.

Higashi Twenty one to establish split preparatory company

Friday, 14 Apr 2017 03:09am EDT

Higashi Twenty one Co Ltd <9029.T> : Says it will establish split preparatory company on May 9 . Says split preparatory company will take over classification, packaging, delivery of goods and related business .Effective date is not decided yet.

Hub Group Inc sees Q1 2017 earnings per share $0.30 to $0.32

Monday, 10 Apr 2017 04:02pm EDT

Hub Group Inc : Hub Group Inc announces first quarter 2017 earnings expectations . Sees FY 2017 earnings per share $1.60 to $1.80 . Sees Q1 2017 earnings per share $0.30 to $0.32 . Hub Group Inc - hub segment truck brokerage revenue is expected to increase between 30 pct and 32 pct year-over-year in Q1 . Hub Group Inc - experiencing a "soft" pricing environment due primarily to excess truck capacity and extraordinarily aggressive intermodal pricing . Hub Group Inc - expect unyson revenue to be up between 20pct and 22pct year-over-year in Q1 . Hub Group Inc - expected Q1 earnings include one-time costs of approximately $1.5 million or $0.03 per share . Hub Group Inc - sees estimated operating expenses will range between $84.2 million and $84.6 million for quarter ended March 31, 2017 . Hub Group Inc - expect revenue will increase between 10 pct and 12 pct in Q1 compared to last year .Hub Group Inc - "primary factor affecting earnings in Q1 lies within our intermodal business line".

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