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.
Caterpillar’s Third-Quarter Income Slips 6%
Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its third-quarter profit fell 6% on weaker worldwide economies and higher commodities costs.
October 21, 2008Paccar’s 3Q Income Steady
Heavy-duty truck maker Paccar Inc. said its third-quarter profit about matched that of the same quarter a year ago, as it earned $299 million, or 82 cents a share, compared with $302.3 million, or 81 cents, a year ago.
October 21, 2008Letters to the Editor: Beyond Duty’s Call, Dear Mr. President
I am sending this in reference to one of my drivers, Phil Glover. A few days after Hurricane Gustav hit Louisiana, we were lucky enough to lease him. We were affected by that hurricane and suffered damage to our terminal. We put him to work right away moving generators around for Entech out of Garland, Texas.
October 21, 2008Diesel Falls 17.7¢ to $3.482; Gas Drops 23.7¢ to Below $3
Diesel’s national average pump price fell for the 13th time in the last 14 weeks, declining 17.7 cents to $3.482 a gallon, the Department of Energy said Monday.
October 21, 2008Forward Air’s 3Q Income Improves
Forward Air Corp.’s third-quarter profit rose to $12.1 million, or 42 cents a share, from $10.8 million, or 36 cents, a year ago.
October 20, 2008Marten’s Third-Quarter Profit Doubles
Refrigerated truckload carrier Marten Transport said late Monday its third-quarter net income rose to $6.1 million, or 28 cents a share, from $3.1 million, or 14 cents, a year ago.
October 20, 2008Heartland Express Reports 3Q Income Improves
Heartland Express’ third-quarter profit rose to $18.7 million, or 19 cents a share, from $17.1 million, or 18 cents, a year ago.
October 20, 2008Pennsylvania Approves Anti-Idling Law
Trucks in Pennsylvania will be prohibited from idling their engines for more than five minutes in a 60-minute period under a newly enacted state law.
October 20, 2008CARB Begins Enforcing State’s Idling Law
California environmental regulators said they are beginning to enforce the state’s five-minute idling limit for diesel-fueled commercial vehicles, including those with sleeper cabs.
October 20, 2008ASTM International OKs Biodiesel Standards
Engineering standards group ASTM International published four new final standards for biodiesel on Oct. 13.
October 20, 2008