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.
Haney Truck Line Buys Two Northwestern Trucking Companies
Seattle-based truckload carrier Haney Truck Line said Tuesday it has purchased two Northwestern truckload companies, Washington-based Puget Sound Truck Lines and Oregon-based Nickel Plate Express.
October 20, 2009Transport Advocates Optimistic About Road Bill Early Next Year
Transportation officials said they are optimistic Congress still will pass a long-term highway bill in coming months, but the exact timetable could depend on how quickly lawmakers wrap up debate on other legislation.
October 20, 2009Feds Eye New Hazmat Carrier Regs
Federal regulators plan to offer a new regulation early next year that will prohibit flammable liquids from being transported in unprotected product piping on existing and newly manufactured cargo tank trucks.
October 20, 2009Werner’s Third-Quarter Income Falls
Truckload carrier Werner Enterprises said its third-quarter profit fell to $19 million, or 26 cents per share, from $22.5 million, or 31 cents, a year ago.
October 20, 2009Producer Price Index Falls in September
Prices paid to U.S. producers fell 0.6% in September, the Labor Department said Tuesday.
October 20, 2009Caterpillar Reports 53% Drop in 3Q Profit
Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its third-quarter profit fell 53%.
October 20, 2009Heartland’s 3Q Profit Drops
Truckload carrier Heartland Express said its third-profit fell 22.5% from a year ago.
October 20, 2009N.Y. Governor Wants to Regulate GPS Use in Trucking
New York Gov. David Paterson (D) is calling for a state law that would require truckers using global positioning system devices to use only ones containing truck route information.
October 20, 2009Diesel Jumps a Dime to $2.705
Diesel fuel’s national average price jumped 10.5 cents to $2.705 a gallon, its highest price since November, the Department of Energy said Monday.
October 20, 2009J.B. Hunt’s 3Q Income Declines
Truckload carrier J.B. Hunt Transport Services said its third-quarter net income fell to $40 million, or 31 cents per share, from $60.3 million, or 47 cents, a year earlier.
October 19, 2009