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.
Existing Home Sales Improve in June
Existing homes sales rose for the third straight month in June, the National Association of Realtors said Thursday.
July 23, 2009Vitran’s Second-Quarter Profit Declines
Vitran Corp. said Thursday its second-quarter income fell to $400,000, or 3 cents a share, compared with $4.6 million, or 34 cents, a year ago.
July 23, 2009Union Pacific’s 2Q Profit Falls
Union Pacific Corp.’s second-quarter profit fell 12% to $468 million, or 92 cents per share, from $531 million, or $1.02, a year ago.
July 23, 2009Rush Reports Second-Quarter Loss
Truck dealership Rush Enterprises lost $1.5 million, or 4 cents a share, compared with net income of $6.1 million, 16 cents, in the same quarter last year.
July 23, 2009Knight’s 2Q Income Flat from a Year Ago
Truckload carrier Knight Transportation’s second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year’s $12.7 million, or 15 cents.
July 22, 2009Hub Group’s Second-Quarter Profit Drops
Hub Group Inc. said late Wednesday its second-quarter net income fell to $8.3 million, or 22 cents a share, from $15 million, or 40 cents, a year ago.
July 22, 2009Arkansas Best Reports 2Q Loss
Arkansas Best Corp. reported a second-quarter loss of $15.4 million, or 62 cents a share, compared with a profit of $16.2 million, or 63 cents, a year ago.
July 22, 2009Old Dominion’s Second-Quarter Profit Declines
Old Dominion Freight Line said Wednesday its second-quarter profit fell to $10.7 million, or 29 cents per share, from $23.9 million, or 64 cents, a year ago.
July 22, 2009C.H. Robinson Acquires European Freight Forwarder
Third-party logistics firm C.H. Robinson Worldwide said that it had acquired London-based Walker Logistics Overseas, an international freight forwarder.
July 22, 2009Illinois Adopts Uniform Law for 80,000-Pound Limit
Illinois has joined the 49 other states in adopting a uniform 80,000-pound truck weight limit law for state routes and other local roads.