Volvo AB reported a fourth-quarter profit, boosted its 2011 truck-delivery forecast by 10% and said is considering assembling heavy trucks in China.
February 4, 2011Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
UPS Posts $1.12 Billion 4Q Profit as Volume, Rates Rise
UPS Inc. nearly doubled its fourth-quarter net earnings, which shot up to $1.12 billion as volumes and pricing improved across almost all business segments, the parcel carrier said Feb. 1.
February 7, 2011Design, Maintenance of Key Components to Be Focus of TMC’s Meeting in Tampa
Many of the maintenance professionals who keep U.S. truck fleets running smoothly will focus their attention on wider dissemination of the motor freight industry’s recommended engineering practices at the Technology & Maintenance Council’s annual meeting in Tampa, Fla.
February 7, 2011Truckers Hauled Vast Majority of Freight During 2007, New U.S. DOT Analysis Finds
Trucks hauled the vast majority of freight in the United States, according to the Department of Transportation’s Bureau of Transportation Statistics.
February 7, 2011Second Bridge Linking Detroit, Ontario Key to Michigan Economy, Gov. Says
Rick Snyder, Michigan’s new governor, is forcefully pushing to accomplish what his predecessors failed to do — building a second bridge between Detroit and Windsor, Ontario, the busiest freight crossing in the United States.
February 7, 2011Tire Manufacturers Boost Prices as Rubber, Oil Costs Increase
Truck tire manufacturers have raised prices up to 12% in recent weeks, citing materials costs, while concern is mounting about future supplies after the sudden rise in new tractor and trailer sales.
February 7, 2011Massive Blizzard Paralyzes Truckers, Leads to ‘Staggering’ Losses for Carriers
At Beaver Express Service in Woodward, Okla., near the state’s panhandle, company president Mike Stone spent most of last week trying to figure out which of his terminals, scattered across six states, could reopen after a record-breaking blizzard buried them.
February 7, 2011Diesel Gains 0.8¢ to $3.438; Gasoline Dips to $3.101
The average price of a gallon of U.S. retail diesel rose for a ninth straight week, edging up 0.8 cent to $3.438, the Department of Energy reported.
February 7, 2011Brink’s Posts Lower 4Q Profit
Armored vehicle transportation company Brink’s said its fourth-quarter profit declined from a year ago while its full-year earnings rose.
February 6, 2011Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs
The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.
February 4, 2011Trending
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