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.
Patriot Reports First-Quarter Loss
Patriot Transportation Holding took a fiscal first-quarter loss of $139,000 or 5 cents a share, compared with net income of $2.2 million or 69 cents a year earlier.
February 6, 2008States Implementing Safety Measures as Federal Govt. Enforcement Lags
ATLANTA — Several states are planning or have approved motor carrier safety and environmental measures because federal regulators have failed to enforce their own regulations, a prominent transportation lawyer said in an update on regulatory and legislative matters at SMC3’s recent winter conference here.
February 6, 2008ATA Seeks Nominations for ’09-’10 America’s Road Team
American Trucking Associations said Wednesday it is seeking nominations for professional truck drivers to serve on the 2009-2010 America’s Road Team.
February 6, 2008Chrysler to Reopen Four Assembly Plants
Chrysler LLC said Tuesday it has reached an interim production agreement with Plastech Engineered Products that will reopen four assembly plants the automaker shut down on Monday.
February 5, 2008Sirva Files for Bankruptcy
Moving company Sirva Inc. filed a Chapter 11 bankruptcy petition Tuesday along with 58 affiliates, Bloomberg reported.
February 5, 2008Wal-Mart to Take Delivery of 4 LNG-Fueled Trucks
Westport Innovations said Tuesday that Wal-Mart Stores will introduce four liquefied natural gas-fueled Peterbilt 386 trucks at its distribution center in Apple Valley, Calif.
February 5, 2008Oshkosh Changes Name, Reports Lower 1Q Profit
Specialty truck maker Oshkosh Truck Corp. said its shareholders approved a name change to Oshkosh Corp., and the company separately reported its fiscal first-quarter profit declined.
February 5, 2008Wal-Mart’s January Sales Rise
<?xml:namespace prefix = o />Wal-Mart Stores said Thursday its same-store sales rose 2.1% in January, besting analysts’ and the company’s forecasts, the Associated Press reported.
February 5, 2008PHH Arval Sets Partnership with Center for Transportation Safety
PHH Arval announced a strategic partnership Monday with the Center for Transportation Safety, a leading provider of risk management and training solutions for drivers, to enhance fleet safety.
February 5, 2008MAN’s 4Q Profit Gains on Eastern European Growth
MAN AG, Europe’s third-largest truckmaker, said its fourth-quarter profit rose 33% as vehicle deliveries surged in the booming Eastern European economies such as Poland and Russia, Bloomberg reported Tuesday.
February 5, 2008