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, Equipment

Goodyear Joins EPA SmartWay Partnership

Goodyear Tire & Rubber Co. said Tuesday that it has joined the U.S. Environmental Protection Agency’s SmartWay Transport Partnership.

April 22, 2008
Business

Paccar’s 1Q Income Declines

Heavy-duty truck maker Paccar Inc. said Tuesday its first-quarter profit fell to $292.3 million, or 79 cents a share, from $365.6 million, or 97 cents, a year earlier.

April 22, 2008
Business, Fuel, Government

Texas Gets 1,450 Requests for Funding to Update Trucks in $110 Million Program

The state of Texas said it received about 1,450 requests for grants as part of its $110 million emission-reduction plan to help carriers retrofit and replace older trucks to help clean the state’s air.

April 22, 2008
Fuel, Business, Logistics, Government

Diesel Continues to Soar, Jumping 8.4¢ to $4.143

The national average price of diesel fuel continued to shatter records Monday, jumping 8.4 cents to $4.143 a gallon, the Department of Energy said.

April 22, 2008
Business, Logistics

CP’s First-Quarter Income Dips

Canadian Pacific Railway’s first-quarter net income fell 29% from a year ago to C$91 million, or 59 cents a share, from C$129 million, or 82 cents, a year ago.

April 22, 2008
Business, Logistics

Existing Home Sales Fall 2% in March

Existing homes sales fell 2% in March, the National Association of Realtors said Tuesday.

April 22, 2008
Business, Fuel, Government

Sen. Snowe Introduces Bill to Lower Diesel Tax

Sen. Olympia Snowe (R-Maine) has introduced legislation to lower the federal tax on diesel fuel, to make it on par with the gasoline tax.

April 22, 2008
Business, Equipment

Hino Marks Record Month; Sees Medium-Duty Rebound Next Year

Hino Trucks said it is forecasting the Class 4-7 market segments to be flat this year, but has set a sales goal of selling 7,000 units in its fiscal year 2008.

April 22, 2008
Business, Safety, Government

Covenant Reports $7.8 Million 1Q Loss

Covenant Transportation Group said late Monday it lost $7.8 million, or 56 cents a share, in the first quarter, compared with a loss of $2.1 million, or 15 cents, a year ago.

April 21, 2008
Business

Marten Reports Drop in First-Quarter Income

Refrigerated truckload carrier Marten Transport said its first-quarter net income was $2.7 million, or 12 cents a share, down from $4.6 million, or 21 cents, a year ago.

April 21, 2008