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.
Arkansas 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.
DHL Signs Telecom Agreement with AT&T
Deutsche Post DHL has signed a five-year telecommunications agreement with AT&T, in which AT&T will provide telecommunications to Deutsche Post DHL units throughout the United States.
July 22, 2009Opinion: Don’t Gamble on the Litigation Lottery
All motor carriers face financial risk when it comes to the litigation lottery and the chance a relatively insignificant claim could go out of control and become a mammoth verdict.
July 22, 2009E&MU: Financial Aid Offsets Hybrid Costs
Transport carriers are under pressure to reduce greenhouse gas emissions, but the long-term fuel savings a hybrid truck could deliver are out of sync with fiscal reality for companies forced by the recessionary economy to pinch every penny.
July 22, 2009Marten Reports Higher Second-Quarter Income
Refrigerated truckload carrier Marten Transport’s second-quarter net income rose 29.1% to $4.5 million, or 20 cents a share, from $3.5 million, or 16 cents, a year ago.
July 21, 2009C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $92 million, or 54 cents a share, up slightly from $90 million, or 52 cents a share, a year ago.
July 21, 2009FedEx Expands Hybrid Fleet
FedEx Corp. said it has added 92 hybrid-electric trucks to its delivery fleet, the first standard FedEx delivery trucks converted to hybrid-electric systems.
July 21, 2009