Advertisement
YOU ARE HERE: LAT HomeCollectionsRoadway Corp
IN THE NEWS

Roadway Corp

MORE STORIES ABOUT:
FEATURED ARTICLES
BUSINESS
July 3, 2002 | Reuters
Jumps 41% in Quarter Roadway Corp. said second-quarter profit rose 41% to $5.67 million, or 30 cents a share, as shipping volumes recovered and pricing held steady. Revenue was up 8.6% to $697.1 million. Analysts on average were expecting earnings of 25 cents. Shares of the Akron, Ohio, company, operator of general hauler Roadway Express, fell 69 cents to $35.01 on Nasdaq.
ARTICLES BY DATE
BUSINESS
July 9, 2003 | From Reuters
Trucking company Yellow Corp. said Tuesday that it would buy leading rival Roadway Corp. for $966 million in a bid to create one of the world's largest shipping companies. Yellow, the No. 1 U.S. shared-loads trucker, said it would pay $48 a share for No. 2 Roadway, half in stock and half in cash. Yellow, which has been expanding its transport businesses over the last half a dozen years, also will assume $140 million in Roadway debt. The merged company would be named Yellow-Roadway Corp.
Advertisement
BUSINESS
September 25, 2002 | Bloomberg News
Roadway Corp. said a Chapter 11 bankruptcy filing by a major rival may help Roadway's sales jump 30% this quarter. Roadway, the second-largest U.S. trucking company, expects an influx of orders from Consolidated Freightways Corp. customers to increase sales in its fourth quarter from the $867.5 million it posted in the period last year. Its third quarter ended too soon for Roadway to benefit from Consolidated's Sept. 3 bankruptcy filing, a Roadway spokesman said.
BUSINESS
September 25, 2002 | Bloomberg News
Roadway Corp. said a Chapter 11 bankruptcy filing by a major rival may help Roadway's sales jump 30% this quarter. Roadway, the second-largest U.S. trucking company, expects an influx of orders from Consolidated Freightways Corp. customers to increase sales in its fourth quarter from the $867.5 million it posted in the period last year. Its third quarter ended too soon for Roadway to benefit from Consolidated's Sept. 3 bankruptcy filing, a Roadway spokesman said.
BUSINESS
July 9, 2003 | From Reuters
Trucking company Yellow Corp. said Tuesday that it would buy leading rival Roadway Corp. for $966 million in a bid to create one of the world's largest shipping companies. Yellow, the No. 1 U.S. shared-loads trucker, said it would pay $48 a share for No. 2 Roadway, half in stock and half in cash. Yellow, which has been expanding its transport businesses over the last half a dozen years, also will assume $140 million in Roadway debt. The merged company would be named Yellow-Roadway Corp.
BUSINESS
July 6, 2001 | Bloomberg News
Yellow Corp., operator of the nation's largest trucking company, plans to raise rates 4.9% on Aug. 1 to increase revenue during its peak shipping season. The increase applies to the Yellow Freight System trucking unit and affects customers whose shipping charges aren't set by contract, spokesman Roger Dick said. Roadway Corp. declined to comment on Yellow's increase.
BUSINESS
September 22, 2005 | From Bloomberg News
Swift Transportation Co. Chairman and Chief Executive Jerry Moyes on Wednesday agreed to pay $1.3 million to settle a Securities and Exchange Commission suit accusing him of insider trading. Phoenix-based Swift is the nation's third-largest trucking company. Moyes bought 187,000 shares in the two days before the company announced better-than-expected earnings and a share buyback, making an unrealized profit of $622,130, the SEC said. The SEC launched the investigation of trades made in May 2004.
BUSINESS
April 10, 2002
* Three car rental companies followed the two industry leaders in announcing they will eliminate base commissions to travel agents on certain accounts. Dollar Thrifty Automotive Group Inc. said its Dollar Rent a Car unit will cease paying base commissions on individually negotiated corporate and government accounts. ANC Rental Corp. said its National Car Rental and Alamo Rent-A-Car will do the same. * Russia said it may not lift a ban on U.S. chicken imports today as planned, because the U.S.
BUSINESS
September 8, 2004 | From Bloomberg News
Rite Aid Corp., the third-largest U.S. drugstore chain, cut its annual sales and earnings forecasts because of increased competition from mail-order pharmacies. The company's shares fell 19%. Net income for its fiscal year ending Feb. 26 will rise to as much as $149.5 million, or 22 cents a share, down from a previous forecast of as much as $167 million, the Camp Hill, Pa.-based company said. Sales are now expected to increase to as much as $17 billion instead of $17.3 billion.
BUSINESS
September 4, 2002 | From Bloomberg News
Roadway Corp., Yellow Corp. and Arkansas Best Corp. shares rose as the truckers began divvying up $1.5 billion or more in annual sales from collapsed rival Consolidated Freightways Corp. Home Depot Inc., the largest home-improvement retailer, said it started shifting freight to Roadway in August as Consolidated began to founder. The trucker, with sales of $2.
BUSINESS
July 3, 2002 | Reuters
Jumps 41% in Quarter Roadway Corp. said second-quarter profit rose 41% to $5.67 million, or 30 cents a share, as shipping volumes recovered and pricing held steady. Revenue was up 8.6% to $697.1 million. Analysts on average were expecting earnings of 25 cents. Shares of the Akron, Ohio, company, operator of general hauler Roadway Express, fell 69 cents to $35.01 on Nasdaq.
BUSINESS
August 5, 2003 | From Reuters
Railroad giant Union Pacific Corp. said Monday that it would sell its Overnite trucking unit in an initial public offering timed to exploit an improved cargo-hauling market and Wall Street optimism. Omaha-based Union Pacific did not disclose the expected price of the IPO, but a regulatory filing said Overnite's book value was about $600 million on Dec. 31. One analyst estimated Union Pacific might realize $500 million to $700 million from the IPO after expenses.
BUSINESS
April 1, 2005 | From Reuters and Bloomberg News
The U.S. economy seems to be on firm footing, reports showed Thursday, with strong consumer spending, moderate inflation and robust activity in Midwest factories. But a surprise jump in weekly jobless claims dimmed some of the optimism on the eve of the monthly employment report. The Labor Department said first-time jobless claims last week rose 20,000 to 350,000, whereas analysts had expected a decline.
Los Angeles Times Articles
|