Business
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.
June Truck Tonnage Rises 5.9% to Record
Truck tonnage rose 5.9% in June from the same month last year to a record high, American Trucking Associations said.
July 23, 2013UPS’ 2Q Earnings Dip
UPS Inc. said Tuesday that its second-quarter earnings dipped from a year ago, and the company predicted its earnings would rise by 4% to 13% in the second half of the year.
July 23, 2013Werner’s 2Q Net Income Falls
Werner Enterprises said its second-quarter profit declined from a year ago on a soft freight environment in April and lower miles per truck.
July 23, 2013House Bill Would Keep Weight Allowance on Wisconsin Highway
The U.S. House of Representatives passed a bill Monday that would let Wisconsin allow trucks over 80,000 pounds currently running on U.S. Highway 41 to continue using the road if it is designated as an interstate highway next year.
Diesel Rises 3.6¢ to $3.903 in Third Gain
Diesel rose 3.6 cents to $3.903 a gallon, its third straight weekly increase, while gasoline rose for a second week, the Department of Energy reported.
July 23, 2013Paccar’s Second-Quarter Profit Dips
Paccar Inc. said Tuesday its second-quarter profit dipped from a year ago but cited “gradually improving truck sales and strong aftermarket parts.”
July 23, 2013Ryder’s Second-Quarter Income Improves
Ryder System’s second-quarter profit rose to $62.6 million, or $1.19 per share, from $46.8 million, or 91 cents, a year ago.
July 23, 2013Commercial Vehicle Group Reports 2Q Loss
Commercial Vehicle Group reported a second-quarter loss, the truck and auto components maker said.
July 23, 2013Roehl Transport to Equip 500 Trailers With Trailer Tails
Roehl Transport said it will install drag-reducing aerodynamic “tails,” supplied by ATDynamics Inc., on 500 trailers.
July 23, 2013Staffing Firm TransForce Acquires DriveForce
Driver staffing firm TransForce said it has acquired DriveForce, a regional staffing company. Terms were not disclosed.
July 23, 2013