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.
FedEx to Boost Rates 4.9%
FedEx Corp. said Friday it will raise its net average shipping rate for FedEx Express next year by 4.9%.
October 26, 2007September Truck Tonnage Declines 2.3%, ATA Says
American Trucking Associations’ seasonally adjusted for-hire truck tonnage index for September declined 2.3% from a year ago, ATA said.
October 26, 2007Saia’s Third-Quarter Profit Falls
Saia Inc. said Friday its third-quarter net income fell 23% from a year ago, to $5.9 million or 43 cents a share, from $7.7 million or 52 cents a year ago.
October 26, 2007Arkansas Best’s 3Q Income Drops
Arkansas Best Corp. said Friday its third-quarter net income fell 40% due to lower freight levels and higher costs.
October 26, 2007YRC’s Third-Quarter Income Declines
Less-than-truckload carrier YRC Worldwide said late Thursday its third-quarter net income declined to $40.7 million or 70 cents a share, from $95.8 million or $1.64 per share last year.
October 26, 2007Consumer Confidence Drops in October
U.S. consumer confidence fell in October to the lowest level in 17 months, according to the University of Michigan’s latest consumer sentiment index, released Friday.
October 26, 2007Mack, Michelin Continue to Sponsor Share the Road Program in 2008
ORLANDO, Fla. — Mack Trucks said it will once again be the primary sponsor for American Trucking Associations’ Share the Road program in 2008.
October 26, 2007Opinion: ‘Load ’em High and Tight...’
My dad started Graves Truck Lines, with his dad, in 1935 at the height of the Great Depression. It was their response to the “What now?” that followed the loss of the family farm.
October 26, 2007Old Dominion Freight Line’s 3Q Income Dips
Less-than-truckload carrier Old Dominion Freight Line said Thursday its third-quarter profit declined slightly from a year ago.
October 25, 2007Cummins’ 3Q Profit Improves
Diesel engine maker Cummins Inc. said Thursday its third-quarter profit rose to $184 million or $1.84 a share, from $171 million or $1.69 a year ago.
October 25, 2007