(Reuters) - CHICAGO, July 25 - Truck leasing and logistics
company Ryder System Inc reported a lower second-quarter
profit on Wednesday despite rising revenue, citing a one-time
income tax benefit that boosted the same quarter in 2006.
Ryder also lowered its full-year earnings forecast, saying
widespread hopes in the transportation sector that the second
half of the year would see stronger U.S. economic growth and as
a result rising freight volumes appear to be ill-founded.
Read more at Reuters.com Market News
company Ryder System Inc reported a lower second-quarter
profit on Wednesday despite rising revenue, citing a one-time
income tax benefit that boosted the same quarter in 2006.
Ryder also lowered its full-year earnings forecast, saying
widespread hopes in the transportation sector that the second
half of the year would see stronger U.S. economic growth and as
a result rising freight volumes appear to be ill-founded.
Read more at Reuters.com Market News
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