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.
Kansas City Southern’s 2Q Profit Improves
Kansas City Southern said it earned $34.6 million, or 34 cents a share, in its second quarter, compared with $6.5 million, or 7 cents, the previous year.
July 27, 2010Consumer Confidence Falls in July to 5-Month Low
Consumer confidence declined this month to its lowest level in five months, the New York-based Conference Board said Tuesday.
July 27, 2010Wright Express Reports Drop in 2Q Profit
Wright Express Corp.’s second-quarter profit fell to $30 million, or 77 cents per share, compared with $93.2 million, or $2.36, a year ago.
July 27, 2010FMCSA Sends HOS Proposal to White House
The Federal Motor Carrier Safety Administration sent its proposal for a new hours-of-service rule to the White House Office of Management and Budget for review Monday, meeting the first of its court-appointed deadlines for issuing the rule.
Paccar’s Second-Quarter Earnings Increase
Truck maker Paccar Inc.’s second-quarter profit rose to $99.6 million, or 27 cents a share, from $26.5 million, or 7 cents, a year ago, the company said.
July 27, 2010Cummins’ Profit Jumps in 2Q
Cummins Inc. said Tuesday its second-quarter profit jumped to $245 million, or $1.25 a share, from $56 million, or 28 cents, a year ago.
July 27, 2010Diesel Rises 2¢ to $2.919 in First Increase in Six Weeks
Diesel increased after four straight weeks of decline, rising 2 cents to $2.919 a gallon, the Department of Energy said Monday.
July 26, 2010UPS Aims to Improve Truck Fuel Efficiency 20%
UPS Inc. said Monday it has set a goal to increase its automotive fuel efficiency by 20% between 2000 and 2020.
July 26, 2010FedEx Raises 1Q, Yearly Profit Forecasts
FexEx Corp. Monday increased its earnings outlooks for the fiscal first quarter and fiscal year, citing better-than-anticipated volume growth in its FedEx Ground and FedEx Express units.
July 26, 2010New Home Sales Grow in June
New home sales increased 24% in June following a large decrease the month before, the Commerce Department said Monday.
July 26, 2010