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.

BusinessLogistics

West Coast Ports, Longshore Union Reach Tentative Agreement

The International Longshore and Warehouse Union and the Pacific Maritime Association have reached a tentative agreement on a new six-year labor contract that will cover more than 25,000 workers at 29 West Coast ports, the groups said Tuesday in a joint statement.

July 29, 2008
BusinessEquipment

ArvinMeritor Reports Fiscal 3Q Profit

Vehicle component supplier ArvinMeritor earned $44 million, or 60 cents a share in the quarter ended June 30, compared with a loss of $70 million, or 99 cents, a year ago, the company said Tuesday.

July 29, 2008
Business

Universal Truckload鈥檚 Earnings Slip

Universal Truckload Services, Warren, Mich., said it earned about $3.5 million, or 22 cents a share in the second quarter of 2008, down from $4.7 million, or 29 cents, in the 2007 quarter.

July 29, 2008
Business

Frozen Food Express Swings to 2Q Profit

Refrigerated carrier Frozen Food Express Industries, Dallas, earned $274,000, or two cents a share, in the second quarter of 2008, compared with a loss of $661,000, or four cents, in the 2007 quarter, the company said late Monday.

July 29, 2008
Business

Frozen Food Express Swings to 2Q Profit

Refrigerated carrier Frozen Food Express Industries, Dallas, earned $274,000, or two cents a share, in the second quarter of 2008, compared with a loss of $661,000, or four cents, in the 2007 quarter, the company said late Monday.

July 29, 2008
BusinessFuelGovernment

Diesel Down 11.5 Cents to $4.603 a Gallon

The average retail price of U.S. diesel plunged 11.5 cents to $4.603 a gallon, the biggest drop of the year, the Department of Energy said Monday.

July 28, 2008
BusinessLogisticsFuelGovernment

Diesel Down 11.5 Cents to $4.603 a Gallon

The national average price of retail diesel fell 11.5 cents to $4.603 a gallon, the Department of Energy reported Monday.

July 28, 2008
BusinessTechnologyEquipmentSafety

Kemp Promoted to President, COO of ABF Freight

Wesley Kemp was appointed president and chief operating officer of less-than-truckload carrier ABF Freight System, the company said.

July 28, 2008
Business

Attwood Appointed CFO at Quality

Bulk and tanker carrier Quality Distribution appointed Stephen Attwood its chief financial officer, the company said Monday.

July 28, 2008
Business

TNT鈥檚 Second-Quarter Earnings Fall

European parcel courier TNT NV, Hoofddorp, Netherlands, said its second-quarter earnings declined to about $322 million, or 88.1 cents a share, from about $383.4 million, or 99.2 cents, a year earlier.

July 28, 2008