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Entries for July 2018

US Economy Surges to 4.1% Growth Rate in 2Q

WASHINGTON — The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1%. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs.

Editorial: Turning Wheels and Trade Deals

It’s quarterly earnings season, a time of year when the Transport Topics business reporting team is immersed in revenue figures and profit-and-loss numbers. These financial releases provide perspective on how the industry is doing. Based on the numbers for the second quarter, the industry is doing pretty well.

Forward Air Reports Strong 2Q Earnings

Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.

Old Dominion Reports Record 2Q

Less-than-truckload carrier Old Dominion Freight Line saw its second-quarter net income increase by 66%, jumping to $163.4 million compared with $98.4 million in the same period a year ago. On a per-share basis, net profit was $1.99, compared with $1.20 last spring.

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About M&M American

Founded in 1996 in a small office not much bigger then a 2-car garage, the company has rapidly expanded to meet all of your needs. Initially started by Marvin Groseth and Mike Burke (retired), as a freight broker, the management team was asked to provide other services such as Warehousing, Distribution, Rail, Steam Ship and LTL by its valued customers.

Get in touch

  • Address: 7300 Industrial Row Drive, Mason, OH 45040

  • Phone: 513-874-3601

  • Toll-Free: 800-434-0534

  • Fax: 513-881-2427

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