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

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, 2012
Business

Old 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, 2012
Business

Roadrunner’s 2Q Profit Jumps

Roadrunner Transportation Systems’ second-quarter operating income jumped by about 50%, led by strong less-than-truckload growth.

August 2, 2012
Business, Government

Factory Orders Drop in June

Factory orders dropped 0.5% in June, the Commerce Department said Thursday.

August 2, 2012
Business, Safety, Government

Patriot 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, 2012
Business, Fuel, Government, Autonomous

California 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, 2012
Business

Initial Jobless Claims Rise for Week

Initial jobless claims rose by 8,000 last week, the Labor Department said Thursday.

August 2, 2012
Business, Safety, Government

P.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, 2012
Government, Business

Georgia 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, 2012
Business

IANA 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