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.
Calif. Idling Rule to Cause Cost Increases, Execs Say
Clarification
Daimler Sees Truck Sales Rebounding by ’09
DaimlerChrysler AG expects U.S. sales of heavy-duty trucks to recover to last year’s level by 2009 after falling more than 40% this year, Bloomberg reported.
April 23, 2007iTECH: Six Years of Keeping IT Specialists Current
SoCal Ports Propose Ban on Old Trucks
The ports of Los Angeles and Long Beach said they would ban the oldest drayage trucks from doing business at their terminals.
April 23, 2007Truckload Profits Drop as Freight Supply Shrinks
Profits fell at five of the largest truckload carriers in the past quarter as the nation’s soft economy cut freight volumes, raising uncertainty about whether conditions would improve enough to boost results later in the year.
April 23, 2007Heavy-Duty Engine Manufacturers Allow Biodiesel Use Without Voiding Warranties
Class 8 Truck Sales Plunge in March
The collapse in heavy-duty U.S. truck sales accelerated in March, dropping nearly 38% from the same month in 2006.
April 23, 2007Caterpillar’s Earnings Dip; Revenue Gains
Heavy equipment and diesel engine manufacturer Caterpillar Inc. said Friday that its first-quarter net income dipped 3% to $816 million, from a record $840 million a year ago.
April 20, 2007Saia Reports Higher 1Q Profit
Saia Inc. reported Friday that its first-quarter net income rose to $3 million or 21 cents a share, from $2.4 million or 16 cents a year ago.
April 20, 2007