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.

Business, Technology, Equipment, Safety, Logistics

Ryder’s Third-Quarter Earnings Improve

Trucking and logistics firm Ryder System said Wednesday its third-quarter profit rose, as its supply chain unit showed improvement.

October 24, 2007
Business, Safety, Government, Logistics

TransForce Reports Lower Third-Quarter Earnings

Canadian transportation firm TransForce Income Fund said Wednesday its third-quarter earnings declined, due in part to a slowdown in truck volumes.

October 24, 2007
Business

Con-way’s 3Q Profit Declines

Con-way Inc. said late Tuesday its third-quarter net income fell to $39 million or 78 cents a share, from $64.8 million or $1.24 per share a year ago.

October 24, 2007
Business

Paccar Reports Lower 3Q Earnings; Boosts Dividend

Heavy-duty truck maker Paccar Inc. said Wednesday its third-quarter profit fell 25% on continued lower demand, but the company boosted its quarterly dividend.

October 24, 2007
Business

Volvo’s 3Q Operating Profit Improves

Truck maker Volvo AB’s earnings before interest and taxes were about $772 million, with its truck-unit operating profit rising 1%, Bloomberg reported Wednesday.

October 24, 2007
Business, Technology, Equipment, Safety, Logistics

Ryder’s Third-Quarter Earnings Improve

Trucking and logistics firm Ryder System said Wednesday its third-quarter profit rose, as its supply chain unit showed improvement.

October 24, 2007
Business, Logistics

Norfolk Southern’s 3Q Earnings Decline

Eastern freight railroad Norfolk Southern Corp. said Wednesday its third-quarter earnings fell 7% to $386 million or 97 cents a share, from $416 million or $1.02 a year ago.

October 24, 2007
Business, Safety, Government

House Passes Rail Safety Bill

The House passed legislation last week that would require the Secretary of Transportation to develop a long-term strategy for improving railroad safety.

October 24, 2007
Business, Technology, Equipment, Safety

Iteris Reports Improved 2Q Earnings

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said late Tuesday its second-quarter profit improved from a year ago.

October 23, 2007
Business

Carlsson Named President of Volvo Trucks North America

Per Carlsson will replace Peter Karlsten as president and chief executive officer of Volvo Trucks North America, effective Jan. 1, Volvo said Tuesday.

October 23, 2007