Business

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

Celadon’s 2Q Net Income Increases

Celadon Group said late Wednesday its fiscal second-quarter profit jumped almost 35% on operating efficiencies and cost control.

January 23, 2013
Business

Volvo to Award Two Fleets $25,000 Each in Annual Safety Contest

Volvo Trucks said Wednesday it is again sponsoring the Volvo Trucks Safety Award, a contest that will award the two safest fleets in the U.S. and Canada with $25,000 each, to be used toward their safety-related activities.

January 23, 2013
Business, Technology, Equipment

ATA Adds Drivewyze PreClear to Its Featured Products List

American Trucking Associations said Wednesday it has added the electronic weigh station pre-clearance system, Drivewyze PreClear, to its group of featured products for the trucking industry.

January 23, 2013
Business, Fuel

Diesel Edges Up 0.8¢ to $3.902 a Gallon

Diesel edged up 0.8 cent to $3.902 a gallon, its first increase in eight weeks, the Department of Energy reported.

January 23, 2013
Business

Marten’s Reports Record Income for 4Q, Year

Marten Transport’s fourth-quarter and full-year profit rose to a company record on strong truckload and logistics revenue, the company said.

January 23, 2013
Business

Va. Port Authority Begins Corporate Restructuring

The Virginia Port Authority passed a resolution to begin a corporate restructuring plan, the Newport News (Va.) Daily Press reported.

January 23, 2013
Business

Postal Service Losing Government Business to Private Sector

The U.S. Postal Service is losing some government shipping business to private-sector companies such as FedEx Corp. and UPS Inc., Bloomberg News reported Wednesday.

January 23, 2013
Business, Logistics

Norfolk Southern, CSX Report Lower 4Q Income

Eastern freight railroads Norfolk Southern Corp. and CSX Corp. each reported lower fourth-quarter profits from a year ago.

January 23, 2013
Business

Truck Tonnage Declines Year-Over-Year

December truck tonnage fell 2.3% from the same month a year earlier but improved from November and for the full year, American Trucking Associations said Tuesday.

January 22, 2013
Government, Business, Technology

PennDOT Finds $50 Million in Savings Through Next Generation Initiative

The Pennsylvania Department of Transportation has identified more than $50 million in savings through its Next Generation initiative to modernize operations, Gov. Tom Corbett (R) said in a statement.

January 22, 2013