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Freight springs a leak

Published Friday, June 01, 2007

With the dramatic first quarter results in the record books — Swift Transportation saw profits fall 74%; U.S. Xpress Enterprises endured a loss of $2.6 million in earnings and UPS saw net income drop 13.5% compared to the same quarter in 2006 — carriers are looking toward the rest of the year with guarded optimism and concern. Amid softened freight volumes and lowered shipments of corrugated boxes (often a precursor of freight activity) one bright spot may be the Department of Transportation's “Transportation Services Index,” which rose in March in the largest month-to-month increase in three years. Although ...

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