Business Services Industry
USF seeks traction in truck biz; Missing opportunities even as demand rises.(Markets)
Crain's Chicago Business, January, 2005 by Tita, Bob
Byline: BOB TITA Trucking company USF Corp. is trying to shift into higher gear before the industry's recovery passes it by. An upswing in manufacturing in 2004 increased demand for truck hauling like no time since the late 1990s. But Chicago-based USF's profits suffered from a costly weeding out of underperforming operations.
In 2003, USF earned $42.2 million, or $1.55 a share, on revenue of $2.29 billion. Through the first three quarters of 2004, net income fell 28% to $17.1 million, or 62 cents a share, from the same period in 2003. Revenue rose 3.7% to $1.81 billion. The erosion stems primarily from USF's abrupt shutdown of its East Coast trucking subsidiary, USF Red Star Inc., in May 2004 after unionized workers walked off the job in a dispute....
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
