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.
Norfolk Southern’s Profit Jumps 59%
Norfolk Southern Corp. said its second-quarter profit jumped 59% from a year ago.
July 27, 2010C.H. Robinson’s 2Q Profit Increases
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $97.2 million, or 59 cents a share, up from $92.3 million, or 54 cents a share, a year ago.
July 27, 2010LaHood Rules Out Fuel Tax Increase
WASHINGTON — Transportation Secretary Ray LaHood rejected raising fuel taxes to pay for highway improvements and said that, despite pessimism about the prospects for a long-term highway bill, the administration was focused on completing a bill this year.
Feds Lack Tools to Track Bridge Spending In States
Twenty-five percent of the nation’s 603,000 bridges are structurally deficient in some way, but the federal government lacks the analytic and procedural tools to determine what impact federal bridge money would have in addressing the problem, a Government Accountability Office report said.
P.A.M. Reports Second-Quarter Profit
P.A.M. Transportation Services reported a profit of $1.3 million in the second quarter, compared with a $2.4 million loss a year ago.
July 27, 2010Rendell Pleads for Special Session to Address Transportation
In a plea to the Pennsylvania State Legislature to hold a special session on transportation funding, Gov. Edward Rendell (D) recently told members of the Senate Transportation Committee that, collectively in their 13 districts, they have 1,970 structurally deficient bridges.
Six More States Act To Prohibit Indemnification Contracts
Florida and Louisiana are among six states this year to pass anti-indemnification laws that prohibit contractors from shifting insurance liabilities onto truckers.
Truck Tonnage Rises 7.6% in June
Truck tonnage rose 7.6% in June from a year ago, the seventh straight year-over-year increase, American Trucking Associations said Tuesday.
July 27, 2010New Georgia Law Protects Truckers on Liability
As of this month, under a new Georgia law carriers in that state can no longer be forced to accept unwarranted insurance liability in order to get a special permit.
Daimler Returns to Profit in 2Q
Daimler AG said Tuesday that it earned $2.74 billion (2.1 billion euros) in the second quarter, matching a forecast from earlier in July, the Associated Press reported.
July 27, 2010