Trucking Business News

About 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.

Business

ODFL’s Third-Quarter Income Improves

Old Dominion Freight Line said its third-quarter net income rose 16.7% to $23.4 million, or 63 cents a share, from $20 million, or 54 cents, a year ago.

October 23, 2008
Business

Con-way’s Third-Quarter Income Gains

Con-way Inc. said its third-quarter net income increased to $38.8 million, or 81 cents per share, from $37.3 million, or 78 cents, a year earlier.

October 22, 2008
BusinessSafetyGovernment

Knight Reports Higher 3Q Earnings

Truckload carrier Knight Transportation’s third-quarter profit rose to $16.1 million, or 19 cents a share, from $14.5 million, or 17 cents, a year ago.

October 22, 2008
GovernmentBusinessSafety

Rush Enterprises’ 3Q Earnings Fall

Truck dealership Rush Enterprises’ third-quarter net income fell to $8 million, or 21 cents a share, down from $13.1 million, or 34 cents, a year ago.

October 22, 2008
BusinessSafetyGovernment

View of Safety Technology Must Change Before Use Grows, Fleet Executives Say

NEW ORLEANS — Fleet executives said that despite the benefits of using safety technology, attitudes within the industry need to change in order to have wider acceptance.

October 22, 2008
BusinessSafety

Justice Dept. Files Brief Supporting ATA on SoCal Ports

The Justice Department filed an amicus brief in support of American Trucking Associations’ challenge to the Ports of Los Angeles and Long Beach’s port concession plans.

October 22, 2008
BusinessGovernment

Arkansas Best’s 3Q Income Slips

Arkansas Best Corp.’s third-quarter net income fell to $15.4 million, or 61 cents a share, from $18.9 million, or 75 cents, a year ago.

October 22, 2008
Business

Vitran’s Third-Quarter Profit Drops

Vitran Corp. said Wednesday its third-quarter profit fell to $2.1 million, or 15 cents a share, from $3.1 million, or 23 cents, a year earlier.

October 22, 2008
BusinessLogistics

Norfolk Southern’s 3Q Profit Jumps 35%

Norfolk Southern Corp.’s third-quarter profit jumped 35%, the railroad said late Tuesday.

October 22, 2008
BusinessTechnologyEquipmentSafety

Ryder’s 3Q Earnings Improve

Ryder System Wednesday reported third-quarter earnings of $70.2 million, or $1.25 per share, up from $65.5 million, or $1.11, a year ago.

October 22, 2008