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.
Safety & Security Briefs — April 19 - April 25
Ryder’s First-Quarter Profit Rises
Ryder System said Wednesday its first-quarter profit rose 8% to $51.3 million or 84 cents a share, from $47.6 million or 77 cents a year ago.
April 25, 2007ABF’s 1Q Profit Declines
Arkansas Best Corp. said Wednesday its first-quarter net income fell to $4.8 million or 19 cents a share, from $6.1 million or 24 cents a year ago.
April 25, 2007New Home Sales Rise 2.6%
New home sales rose for the first time in six months in March, gaining 2.6%, the Commerce Department said Wednesday.
April 25, 2007DOT Clears 23 Mexican Carriers For Cross-Border Pilot Project
Letters to the Editor: Speed Limits; Maintenance Issues
Durables Orders Rise 3.4%
Durable goods orders rose 3.4% in March, the Commerce Department said Wednesday.
April 25, 2007C.H. Robinson’s Profit Improves
Transportation and logistics firm C.H. Robinson Worldwide said its first-quarter net income jumped 25.6% to $73 million or 42 cents a share, up from $58.1 million or 33 cents a year ago.
April 24, 2007Michelin’s 1Q Sales Gain
Tire maker Michelin & Cie. said its first-quarter sales rose 5.5% on higher prices and demand from truck makers, Bloomberg reported.
April 24, 2007Diesel Drops 2.6¢ to $2.851
The national average price of retail diesel fuel fell for the first time in a month, dropping 2.6 cents to $2.851 a gallon, the Energy Department said Monday.
April 24, 2007