Transport Topics

• Covenant Reports Solid First-Quarter Revenue, Income
  Covenant Transportation Group reported first-quarter net income of $4.4 million, or 24 cents per share, compared with a net loss of $39,000 in the same period of 2017.
• Ryder System Posts Higher Sales, Lower Profits in First Quarter
  Ryder System generated record revenue and lower net earnings in the first quarter as strong sales for the Miami-based equipment leasing and logistics service provider were offset by a write-down of goodwill for its operations in the United Kingdom and higher expenses associated with the sale of used vehicles.
• Consumer Confidence Rebounds as Homebuying Plans Hit Record
  U.S. consumer confidence unexpectedly rose in April to the second-highest level since 2000 as Americans grew more upbeat about both current conditions and the economic outlook, according to figures April 24 from the New York-based Conference Board.
• CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp
  Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.
• Trail King, Goldhofer Reach Distribution Agreement
  Trail King Industries announced it would become the exclusive U.S. and Canadian distributor of highway trailers made in Germany by Goldhofer AG, which also will become the sole distributor of Trail King products globally.