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.
Court Again Dismisses ABF’s Suit Against YRC, Teamsters
An Arkansas district court judge has dismissed, for the second time, a suit filed by Arkansas Best Corp. against fellow less-than-truckload carrier YRC Worldwide and the Teamsters union.
August 2, 2012Old Dominion’s 2Q Profit Rises
Old Dominion Freight Line said Thursday its second-quarter net income rose to $47.8 million, or 83 cents per share, from $39.4 million, or 69 cents, a year ago.
August 2, 2012Roadrunner’s 2Q Profit Jumps
Roadrunner Transportation Systems’ second-quarter operating income jumped by about 50%, led by strong less-than-truckload growth.
August 2, 2012Factory Orders Drop in June
Factory orders dropped 0.5% in June, the Commerce Department said Thursday.
August 2, 2012Patriot Transportation’s Fiscal 3Q Income Rises
Patriot Transportation Holding’s fiscal third-quarter net income rose to $2.68 million, or 28 cents per share, from $2.38 million, or 25 cents, a year ago.
August 2, 2012California Increases Clean Air Inspections in August
The California Air Resource Board will be conducting increased heavy duty diesel truck inspections throughout August at scales, truck stops and fleet facilities.
August 2, 2012Initial Jobless Claims Rise for Week
Initial jobless claims rose by 8,000 last week, the Labor Department said Thursday.
August 2, 2012P.A.M. Turns Second-Quarter Profit
Truckload carrier P.A.M. Transportation Services said its second-quarter net income rose to $935,000, or 11 cents per share, from $693,000 or 8 cents, a year ago.
August 2, 2012Georgia Voters Reject Transportation Tax
Georgia voters in nine of 12 state regions rejected a 1% sales tax to pay for transportation projects, the Associated Press reported.
August 1, 2012IANA Files Brief Supporting ATA’s Hours-of-Service Suit
The Intermodal Association of North America has filed a legal brief supporting American Trucking Associations’ suit challenging the Federal Motor Carrier Safety Administration’s hours-of-service rule.
August 1, 2012