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.

BusinessGovernment

Fed ‘Beige Book’ Cites Difficult Economy

U.S. economic activity remained generally weak in June and early July, and several regions reported trucking companies were having a hard time recouping higher costs, the Federal Reserve said Wednesday.

July 23, 2008
Business

Marten’s Second-Quarter Income Dips

Refrigerated truckload carrier Marten Transport’s second-quarter net income fell to $3.5 million, or 16 cents a share, from $4.3 million, or 20 cents, a year ago.

July 23, 2008
BusinessSafetyGovernment

Senate Committee Approves Amendment Aimed at Halting Mexico Trucking Program

The Senate Appropriations Committee approved an amendment to the Department of Transportation’s fiscal 2009 budget aimed at halting the U.S.-Mexico trucking pilot program.

July 23, 2008
BusinessGovernment

Arkansas Best’s 2Q Income Declines

Arkansas Best Corp. said Wednesday its second-quarter profit fell 17% to $16.2 million, or 64 cents a share, from $19.6 million, or 78 cents, a year ago.

July 23, 2008
BusinessTechnologyEquipmentSafety

Ryder Reports Mixed 2Q Earnings

Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.

July 23, 2008
GovernmentBusinessSafety

Letters to the Editor: Adding Truck Weight, Carrier Failures, Peters on Gas Tax

The EPA has mandated equipment on our trucks, which adds weight. Why not allow the carriers the chance to recoup the payload?

July 23, 2008
GovernmentBusinessSafety

Vitran Reports Lower 2Q Income

Vitran Corp. said Wednesday its second-quarter profit fell 16% to $4.6 million, or 34 cents a share, from $5.5 million, or 41 cents, a year earlier.

July 23, 2008
Business

Commuters Protest Proposed Delaware Bridge Toll Hikes

Commuters at a public hearing Tuesday protested proposed toll hikes for the Delaware River bridge, the Philadelphia Inquirer reported Wednesday.

July 23, 2008
BusinessFuelGovernmentLogistics

Norfolk Southern’s 2Q Income Rises 15%

Eastern freight railroad Norfolk Southern Corp. said its second-quarter profit rose 15%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.

July 23, 2008
BusinessSafetyGovernmentLogistics

C.H. Robinson’s 2Q Profit Improves

Transportation and third-party logistics firm C.H. Robinson Worldwide said its second-quarter profit rose to $90.4 million, or 52 cents a share, from $82.3 million, or 47 cents, a year ago.

July 22, 2008