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.
Covenant Transportation Swings to 3Q Profit
Covenant Transportation Group reported third-quarter net income of $1 million, or 7 cents a share, turning around a net loss of $11.2 million, or 76 cents, a year earlier.
October 31, 2012Cummins’ 3Q Income Drops on Lower Engine Demand
Cummins Inc. said its third-quarter profit slipped from a year ago on lower engine demand.
October 31, 2012ATA Names Danny Neal VP of National Sales
American Trucking Associations said Wednesday it has named Danny Neal to be ATA’s new vice president of national sales.
October 31, 2012Diesel Declines 8.6¢ to $4.03; Gasoline Takes Another Big Drop
Diesel’s national average price fell 8.6 cents to $4.03 a gallon, the Department of Energy reported, while gasoline dropped almost 12 cents following a big decline last week.
October 30, 2012States Face Huge Cleanup Following Storm
Hurricane Sandy’s multiple-state path of destruction left transportation systems scrambling to recover, with officials dealing with debris and flooding damage to airports, highways and local roads, news services reported.
October 30, 2012Both Major Candidates for N.C. Governor Oppose Tolls on I-95
Both of North Carolina’s major-party gubernatorial candidates said they oppose the state’s effort to toll its portion of Interstate 95, one of the nation’s major freight corridors.
October 30, 2012Truck Makers Develop Improvements in Aerodynamics for Tractors
While the largest aerodynamic changes are happening on trailers, truck makers said their products also are being made more air-efficient, which has a significant effect on the entire tractor-trailer combination.
SmartWay Alters Its System for Ranking Fleet Emissions
SmartWay, the government’s partnership with the freight industry to improve fuel efficiency and reduce trucking’s carbon footprint, has changed its system for ranking carriers on how well they reduce their greenhouse-gas emissions.
October 30, 2012Drivewyze Expands to Rhode Island
Drivewyze Inc. announced that Rhode Island has become the 13th state to adopt Drive-wyze PreClear, a new bypass service provided through smart phones, tablets and select electronic onboard recorders.
October 30, 2012TTNews Closed Due to Hurricane Sandy
Transport Topics’ offices in Arlington, Va., are closed due to Hurricane Sandy. News updates will be limited due to the storm and TT will resume full operations as soon as possible.
October 29, 2012