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, Safety, Government

House Passes Rail Safety Bill

The House passed legislation last week that would require the Secretary of Transportation to develop a long-term strategy for improving railroad safety.

October 24, 2007
Business, Technology, Equipment, Safety

Iteris Reports Improved 2Q Earnings

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said late Tuesday its second-quarter profit improved from a year ago.

October 23, 2007
Business

Carlsson Named President of Volvo Trucks North America

Per Carlsson will replace Peter Karlsten as president and chief executive officer of Volvo Trucks North America, effective Jan. 1, Volvo said Tuesday.

October 23, 2007
Business

UPS’ 3Q Income Rises 3.7%

UPS Inc. said Tuesday its third-quarter net income rose 3.7% to $1.08 billion or $1.02 per share, from $1.04 billion or 96 cents a year ago.

October 23, 2007
Business

BNSF’s Third-Quarter Income Improves

Burlington Northern Santa Fe Corp. said its third-quarter profit, revenue and operating profit all reached records.

October 23, 2007
Business

Vitran’s Third-Quarter Profit Declines

Vitran Corp. said Tuesday its third-quarter profit was $3.1 million or 23 cents a share, down from $4.9 million or 38 cents a year ago.

October 23, 2007
Fuel, Business, Government

Diesel Climbs 5.5¢ to $3.094; Gasoline Jumps 6.1¢ to $2.823

The average pump price of diesel fuel jumped 5.5 cents to $3.094 a gallon — the highest since the all-time record set in the same week two years ago, the Department of Energy said Monday.

October 23, 2007
Business

Marten’s Third-Quarter Income Declines

Refrigerated truckload carrier Marten Transport’s third-quarter net income plunged 54% due to weakened freight demand and higher costs.

October 23, 2007
Business, Fuel, Government, Safety

Forward Air’s Third-Quarter Profit Declines

Forward Air Corp., a contractor to the air cargo industry, said its third-quarter profit fell 15% to $10.8 million or 36 cents a share, from $12.7million or 41 cents a year ago.

October 23, 2007
Business, Fuel, Government, Safety

Forward Air’s Third-Quarter Profit Declines

Forward Air Corp., a contractor to the air cargo industry, said its third-quarter profit fell 15% to $10.8 million or 36 cents a share, from $12.7million or 41 cents a year ago.

October 23, 2007