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.

Government, Business, Fuel

DOE Fuel Prices on Hold with Government Shutdown

The federal government in the Washington area remained closed for a fourth day Thursday following Wednesday’s blizzard and as a result the Department of Energy is not likely to release its weekly fuel prices until at least Friday.

February 11, 2010
Business

Jobless Claims Decrease for Week

Initial jobless claims fell by 43,000 last week, the Labor Department said Thursday.

February 11, 2010
Government, Business

Mid-Atlantic Braces for New Major Snowstorm

The latest in a string of fierce winter storms will make its way into the Mid-Atlantic region Tuesday, even as the region continues to recover from a blizzard this weekend, news reports said.

February 9, 2010
Government, Business, Fuel

California Releases $20 Million in Hybrid Funding

The California Air Resources Board has launched a $20 million funding assistance program designed to stimulate the purchase of hybrid trucks and buses that reduce diesel emissions.

February 9, 2010
Business, Safety

ATA Names Vice President of Safety Policy

American Trucking Associations said it has hired Rob Abbott as its vice president of safety policy.

February 9, 2010
Business, Safety, Government

Xata Loses $1.7 Million in Fiscal 1Q

Transportation software firm Xata Corp. said it lost $1.7 million, or 20 cent per share, in its fiscal first quarter, compared with a loss of $672,000, or 8 cents, a year ago.

February 9, 2010
Business

Intermec’s Fourth-Quarter Income Declines

Supply chain technology firm Intermec Inc. said its fourth-quarter net earnings were $5 million, or 8 cents per share, compared with $9.3 million, or 15 cents, a year ago.

February 9, 2010
Business

Vitran’s Fourth-Quarter Loss Narrows

Vitran Corp. lost $2.3 million or 14 cents a share, in the fourth quarter, an improvement from a loss of $79 million, or $5.85, a year earlier.

February 9, 2010
Business, Government, Safety, Fuel

Forward Air’s 4Q Income Falls

Forward Air Corp. said its fourth-quarter profit fell to $6.4 million, or 22 cents per share, from $8.3 million, or 29 cents, a year ago.

February 9, 2010
Business, Safety, Government

P.A.M. Reports Fourth-Quarter Loss

P.A.M. Transportation Services reported a fourth-quarter loss of $3.9 million, or 42 cents per share, compared with a loss of $11.4 million, or $1.19, a year earlier.

February 9, 2010