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.
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, 2013Volvo 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, 2013ATA 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, 2013Diesel 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, 2013Marten’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, 2013Va. 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, 2013Postal 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, 2013Norfolk 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, 2013Truck 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, 2013PennDOT 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