Trucking Business News

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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.

GovernmentBusiness

Border Flow Needs Improvement, Trucking Official Testifies

Congress must find more ways to allow motor carriers considered a 鈥渓ow security鈥 risk to pass more quickly through the 160 U.S. border checkpoints with Mexico and Canada, a trucking official said last week.

October 27, 2009
Business

Daimler Reports Its First Quarterly Profit in a Year

Daimler AG Tuesday reported its first quarterly profit in a year, saying it earned about $61 million, or 4 cents a share, in the third quarter, down from about $200 million, or 21 cents, a year ago

October 27, 2009
GovernmentBusiness

FMCSA Weighing Whether ID Requirements Are Burdensome

The Federal Motor Carrier Safety Administration is asking for public comment on the practice by some state and local governments of requiring trucks to display decals or other kinds of identification.

October 27, 2009
GovernmentBusiness

Consumer Confidence Drops in October

U.S. consumer confidence fell in October, according to the Conference Board's monthly consumer sentiment index released Tuesday.

October 27, 2009
Business

Paccar鈥檚 Third-Quarter Net Income Plunges 96%

Paccar Inc.鈥檚 third-quarter profit plunged 96% to $13 million, or 4 cents a share, from $299 million, or 82 cents, a year ago.

October 27, 2009
Business

Vitran鈥檚 Third-Quarter Profit Drops

Vitran Corp. said Tuesday its third-quarter income fell to $281,000, or 2 cents a share, compared with $2.1 million, or 15 cents, a year ago.

October 27, 2009
BusinessSafetyGovernment

Covenant鈥檚 Third-Quarter Loss Widens

Covenant Transportation Group reported a third-quarter net loss of $13.6 million, or 96 cents a share, compared with a loss of $3.4 million, or 24 cents, a year ago.

October 27, 2009
BusinessFuel

Diesel Jumps 9.6垄 to $2.801; Gas Gains a Dime to $2.674

Diesel and gasoline both rose for a third straight week, with diesel jumping 9.6 cents to $2.801 a gallon, its highest level in almost a year, the Energy Department said.

October 27, 2009
BusinessLogistics

Canadian Pacific鈥檚 3Q Income Falls

Canadian freight railroad Canadian Pacific鈥檚 third-quarter net income fell 22% as measures to control costs failed to offset lower volumes, Reuters reported.

October 27, 2009
GovernmentBusiness

I-80 Bridge Repairs Could Mean Lane Closures at Iowa-Illinois Border Next Year

Iowa and Illinois will jointly tackle $10 million worth of repairs to the Interstate 80 Bridge that links the two states in the Quad City area along the Mississippi River

October 26, 2009

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