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.
NHTSA Revises ’06 Truck Deaths Down
NHTSA last week revised its truck-fatality report for 2006, saying the number of people killed in truck-related crashes fell below 5,000 for the first time in five years.
July 30, 2007Congress Set to Revive SSRS
The Single State Registration System for trucking, which supposedly was put to rest at the beginning of this year, could make a brief, albeit costly, return because of legislation expected to pass Congress this month.
July 30, 2007Former Army Arsenal Reborn as BNSF Freight Hub
ELWOOD, Ill. — In an unceasing torrent they come, 20- and 40-foot corrugated steel shipping containers from the Far East, filled with manufactured goods, to this landlocked port on Lincoln’s prairie.
July 30, 2007June Truck Tonnage Drops 3.4%
American Trucking Associations’ June for-hire truck tonnage index fell to a seven-month low and was down 3.4% from a year ago, ATA said late Friday.
July 27, 2007Western, Smithway Deal to Close in August
Truckload carriers Western Express and Smithway Motor Xpress Corp. said they would close their pending deal, in which Western will acquire Smithway, in August.
July 27, 2007SoCal Ports Reach Labor Pact
Union workers at the Southern California ports of Los Angeles and Long Beach reached a tentative agreement with shipping lines and terminal operators, averting the threat of a strike at the biggest U.S. port complex, the Los Angeles Times reported Friday.
July 27, 2007YRC’s 2Q Income Declines
Less-than-truckload carrier YRC Worldwide said late Thursday its second-quarter net income was $55.4 million or 95 cents a share, down from $92.3 million or $1.58 a year earlier.
July 27, 2007Universal Truckload’s Income Dips; Revenue Rises
Universal Truckload Services said late Thursday its second-quarter net income fell 12.6% to $4.7 million or 29 cents a share, from $5.4 million or 33 cents a year ago.
July 27, 2007Rail, Intermodal Levels Drop
Rail carload and intermodal freight continued a downward trend compared with a year ago, as year-over-year levels fell for the week ended Saturday, the Association of American Railroads said.
July 27, 2007ODFL’s 2Q Profit Climbs
Less-than-truckload carrier Old Dominion Freight Line said Thursday its second-quarter profit rose 4% to $22.5 million or 60 cents a share, from $21.6 million or 58 cents last year.
July 26, 2007