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, Logistics

Existing Home Sales fall 3.8%

Existing homes sales fell in June for a fourth straight month, declining 3.8%, the National Association of Realtors said Wednesday.

July 25, 2007
Business

DIESEL --- ¢

July 24, 2007
Business

BNSF’s Second-Quarter Income Declines as Intermodal Drops

Western freight rail line Burlington Northern Santa Fe Corp. earned $433 million or $1.20 a share for the second quarter, down from $471 million or $1.27 a year ago.

July 24, 2007
Business

UPS’ 2Q Profit Tops $1 Billion

UPS Inc. said Tuesday its second-quarter net income rose 4.1% to $1.1 billion or $1.04 per share, from $1.06 billion or 97 cents a year ago.

July 24, 2007
Business, Fuel, Safety, Government

Paccar’s 2Q Income Dips on Lower Sales

Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit fell 19% as North American heavy-duty truck demand declined due to new U.S. clean air regulations.

July 24, 2007
Business, Logistics

CN’s Second-Quarter Income Declines

Canadian National Railway Co. said its second-quarter profit declined 29% as a result of flat revenue and an income tax recovery charge.

July 24, 2007
Business

Saia Swings to Second-Quarter Profit

Saia Inc. said Tuesday its second-quarter net income rose to a profit following a loss a year ago.

July 24, 2007
Business, Fuel, Government, Safety

Forward Air’s Income Dips; Plans to Buy Indiana Carrier

Forward Air Corp., a contractor to the air cargo industry, reported its second-quarter profit declined, and the company said it would acquire an Indiana carrier.

July 24, 2007
Government, Business, Safety

Marten’s Second-Quarter Earnings Drop

Refrigerated truckload carrier Marten Transport’s second-quarter net income plunged 42% due to lower freight rates and reduced revenue per truckload.

July 24, 2007
Fuel, Business, Logistics, Government

Diesel Holds at $2.889; Gas Drops 9.1¢ to $2.958

Diesel fuel’s national average pump price held at last week’s level of $2.889 a gallon, while gasoline plunged 9.1 cents to $2.958, the Department of Energy said Monday.

July 24, 2007