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.
Deutsche Post’s 2Q Profit Improves
Deutsche Post, the Germany-based parent company of DHL USA, said Tuesday its second-quarter quarter results improved as it boosted its earnings forecast, Bloomberg reported.
August 3, 2010SoCal Port Plan Awaits Judge’s Decision
The introduction of a new bill aimed at giving ports more authority to enact environmental regulations is expanding the battle over the Port of Los Angeles’ controversial employee-only clean trucks plan from the courts to Congress.
N.J.-Pa. Bridge Upgrade Plan May Include Tolls
One of the last toll-free bridges across the Delaware River would charge truck tolls of $4 an axle under a plan to seek private investors to rebuild and operate the Interstate 95 Bridge that connects Pennsylvania and New Jersey.
YRC’s 2Q Loss Narrows as Carrier Reports Operating Profit
YRC Worldwide said Tuesday its second-quarter loss narrowed as it reported positive operating income for the three-month period.
August 3, 2010Factory Orders Decline in June
U.S. factory orders dropped 1.2% in June, the Commerce Department said Tuesday.
August 3, 2010ArvinMeritor’s 3Q Loss Declines; Will Sell Body Business
Truck and auto components maker ArvinMeritor’s fiscal third-quarter loss narrowed as its sales improved, and the company said it would sell its body systems business for $35 million.
August 3, 2010Personal Spending Unchanged in June
Consumers’ personal spending did not change in June, the Commerce Department said Tuesday.
August 3, 2010FleetPride Buys Texas Aftermarket Distributor Heavy Vehicle Parts
FleetPride Inc., an aftermarket distributor of heavy-duty truck and trailer parts, has acquired the assets of aftermarket distributor Heavy Vehicle Parts Inc. Terms were not disclosed.
August 3, 2010Diesel Rises 0.9¢ to $2.928 in Second Straight Gain
Diesel fuel rose 0.9 cent to $2.928 a gallon, the second straight gain but just the third increase in the past 12 weeks, the Department of Energy said Monday.
August 2, 2010Celadon Group’s 4Q Profit Jumps
Celadon Group said Monday its fiscal fourth-quarter profit jumped to more than $2.7 million from less than $200,000 a year ago, boosted by an improving freight environment.
August 2, 2010