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.

BusinessGovernment

Leading Economic Indicators Rise for Sixth Month

An index of leading economic indicators rose 1% in September, marking the sixth straight increase, the New York-based Conference Board said Thursday.

October 22, 2009
Business

Initial Jobless Claims Increase for Week

Initial jobless claims climbed last week, the Labor Department said Thursday.

October 22, 2009
BusinessGovernmentSafety

Caterpillar Announces Next CEO

Heavy equipment manufacturer Caterpillar Inc. said Thursday that Douglas Oberhelman will become its chief executive officer in July 2010.

October 22, 2009
BusinessTechnologyEquipmentSafety

Ryder’s Third-Quarter Income Declines

Ryder System said Thursday its third-quarter profit fell to $24 million, or 43 cents a share, from $70.2 million, or $1.24, a year earlier.

October 22, 2009
Business

Old Dominion’s Second-Quarter Profit Declines

Old Dominion Freight Line said Thursday its third-quarter profit fell 55.1% to $10.5 million, or 28 cents per share, from $23.4 million, or 63 cents, a year ago.

October 22, 2009
Business

UPS’ Third-Quarter Income Drops 43.4%

UPS Inc. said Thursday its second-quarter profit fell 43.4% to $549 million, or 55 cents a share, from $970 million, or 96 cents, a year ago.

October 22, 2009
BusinessLogistics

Union Pacific’s 3Q Profit Drops

Union Pacific Corp.’s third-quarter profit fell 26% to $517 million, or $1.02 per share, from $703 million, or $1.38, a year ago.

October 22, 2009
BusinessSafetyGovernment

Knight’s 3Q Income Declines

Truckload carrier Knight Transportation’s third-quarter profit fell to $13.1 million, or 16 cents a share, compared with $16 million, or 19 cents, a year ago.

October 21, 2009
BusinessFuelGovernment

Forward Air’s 3Q Income Declines

Forward Air Corp. said late Wednesday its third-quarter profit fell to $3.8 million, or 13 cents per share, from $12.1 million, or 42 cents, a year ago.

October 21, 2009
Business

Hub Group’s Third-Quarter Income Declines

Hub Group Inc. said late Wednesday its third-quarter net income fell to $9.8 million, or 26 cents a share, from $16.9 million, or 45 cents, a year ago.

October 21, 2009

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