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.
Commercial Vehicle Group Reports Higher 1Q Income
Commercial Vehicle Group’s first-quarter profit improved, the truck and auto components maker said.
May 9, 2012DOE Lowers Price Forecasts for Diesel, Gasoline, Crude Oil
Diesel fuel will average $4.06 a gallon this year, the Department of Energy said, lowering a previous forecast.
May 9, 2012First-Quarter Intermodal Volume Gains 5.8% Year-Over-Year
Intermodal traffic volume rose 5.8% in the first quarter from a year ago, the Intermodal Association of North America said.
May 9, 2012Wholesale Inventories Rise
Wholesale inventories rose 0.3% in March, the Commerce Department said Wednesday.
May 9, 2012Goodyear, Cooper Tire Report Mixed 1Q Results
Goodyear Tire & Rubber Co. reported a first-quarter loss, citing refinancing charges that offset higher revenue.
May 9, 2012Quality to Buy N.D. Tank Truck Company
Quality Distribution has reached an agreement to purchase Wylie Bice Trucking LLC and RM Resources LLC, in a deal worth up to $98.3 million.
May 9, 2012Highway Deaths Fall to Record Low
Highway fatalities fell last year to the lowest rate per miles driven since such record-keeping began in 1921, the Associated Press reported, citing U.S. government data.
May 8, 2012Diesel Dips 1.6¢ to $4.057 in Fourth Straight Decline
Diesel dipped 1.6 cents to $4.057 a gallon, its fourth straight decline and the fifth in six weeks, as oil hit a three-month low and gasoline also fell, the Department of Energy said Monday.
May 8, 2012Meritor’s 2Q Profit Improves
Meritor Inc.’s fiscal second-quarter profit rose 18% on stronger performance in its truck segment.
May 8, 2012Patriot’s Fiscal 2Q Income Dips
Patriot Transportation Holding’s fiscal second-quarter net income slipped to $1.64 million, or 17 cents per share, from $1.68 million, or 18 cents, a year ago.
May 8, 2012