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

Diesel Dips 4.6¢ to $4.718

The average price of retail diesel in the United States dipped 4.6 cents last week to $4.718 a gallon, the largest weekly drop in more than six months, the Department of Energy reported.

July 28, 2008
Business, Government

Consumer Sentiment Index Rebounds in July

U.S. consumer confidence this month rose from a reading that was close to a 28-year low, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

July 25, 2008
Business, Safety

Intermodal Volumes Fall for Week

Overall rail freight volumes rose for the week ended July 19, but intermodal traffic declined from year-ago levels, the Association of American Railroads said.

July 25, 2008
Business, Government

New Home Sales Fall in June

New home sales fell 0.6% in June, the Commerce Department said Friday.

July 25, 2008
Business, Government

Durable Orders Rise in June

Durable goods orders rose in June, the Commerce Department said Friday.

July 25, 2008
Business

Scania’s Net Income Soars on Robust Russian Sales

Swedish truck maker Scania AB’s second-quarter net income jumped 51% to about $505 million, or 63 cents a share, from last year's $333 million, or 42 cents, as truck sales in Russia boomed, Bloomberg reported Friday.

July 25, 2008
Business

YRC Reports Lower 2Q Profit

YRC Worldwide said late Thursday its second-quarter net earnings were $36.3 million, or 62 cents a share, down from a profit of $55.4 million, or 95 cents, a year ago.

July 24, 2008
Business

BNSF Reports Lower 2Q Income; Sets 25% Dividend Boost

Burlington Northern Santa Fe Corp. said Thursday its second-quarter profit fell to $350 million, or $1 a share, from $433 million, or $1.20, a year earlier.

July 24, 2008
Business, Government

House Passes Bill to Boost Bridge Inspections

WASHINGTON — The House Thursday approved a bill that would require states to update their highway bridge inspection standards and perform annual inspections of structurally deficient bridges.

Rebecca Richards | Special to Transport Topics
July 24, 2008
Business

Old Dominion’s 2Q Earnings Improve

Old Dominion Freight Line said its second-quarter profit rose to $23.9 million, or 64 cents a share, from $22.5 million, or 60 cents, a year ago.

July 24, 2008